This was a Butterfly option. First time to take a trade like this.
VERTICAL PUT SPREAD: P567/P562. NEW LT STRATEGY, BETTER ENTRY, BETTER RISK/REWARD. ENTERED 581.40, EXITED LMT-OUT 586.5. NICE DOUBLE WINNER! CASH-FLOW!
DIRECTIONAL CALL. FOMO. ENTERED (2) 577.20 @ 1.74, ADDED (3) @ .45, EXITED LMT-OUT 586.5. ##LESSON: SET STOP LOSS/LIMIT AFTER ENTERING TRADE.,,,,,,,,,,,,,,,, DON'T ADD INTO LOSERS...............VIOLATED RULE #1.
VERTICAL CALL SPREAD: C595/C600. NEW LT STRATEGY, BETTER ENTRY, BETTER RISK/REWARD. ENTERED 584.50, EXITED LMT-OUT 582.3. NICE SINGLE WINNER! CASH-FLOW!
VERTICAL PUT SPREAD: P572/P569. NEW LT STRATEGY, BETTER ENTRY, BETTER RISK/REWARD. ENTERED 578.80, EXITED LMT-OUT 582.70. NICE SINGLE WINNER! CASH-FLOW!
VERTICAL PUT SPREAD: P579/P574. NEW TRADE STRATEGY TESTING..........BLAH. CONTRACTS TOO LARGE FOR TESTING, WRONG DIRECTION CHOSEN. VIOLATED RULE #1, AGAIN! ANOTHER 60 LASHES ON THE YARDARM.
VERTICAL CREDIT SPREAD, EXIT ON SPY PULLBACK. 29% WIN
Vertical Credit Spread (C569/576): Risk .10, reward .20. Good double 41% win.
Combo vertical put spread 561/551 (3) + 561/560 (2). Trade got squirrely and got out, wasted day trade to save.
Entry on continued rise of SPX. Option did not rise as fast as expected.
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
