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Showing posts from July, 2011

Nothing new.

I haven't posted any trades lately because I am doing very little at the moment. Holding a big position in RMBS that was gotten by getting assigned on my naked puts. Also holding my positions in DIS and QCOM. With the debt uncertainty going on I prefer to stay out of the options game for awhile and work on my golf game instead. Will start posting again when I become more active in the market.

July 2011 Options Expiration Results

This was a great month for traders as we had some good range-bound but volatile markets. It allows you to get paid quicker on your trades if you're right on direction. The bottom line number this month is $8096 and I needed it. The previous two months were turds as I got myself in some trouble with position size and strategies used. There were a few mistakes as always that don't show up in the numbers. I took a few trades down early for no reason other than I wasn't able to discipline myself with patience. I didn't exit one trade when I should have and missed my profit target as it was hit. There are two profitable trades on CL that were both just extremely lucky timing on the trade exits as both would have been losers had I let them go to expiration. In the end the numbers could have been better or worse. I suppose this will always be the case as if you're trading frequently you're going to continually both make mistakes and get lucky over time, it's just p...