Thursday, July 20, 2006
Another Drop
Markets dropped again after their super surge yesterday.
Doesn't bother us. Our position is a sure win now. RUT finished day at 683. Almost where we started a month ago despite all the movements!!
Lets move onto the next trade.
Again I am going to be a bit cautious as we are in a volatile market and only going to suggest one trade.
Here it is:
SPX
AUG 1305/1315 Calls for 80c or better.
AUG 1195/1185 Puts for 70c or better.
I will place 10 contracts. That's a credit of $1500 on a margin of $13,000.
My return on this 29 day position is 17% (or 213% annualised).
My review positions for this week will be 1275 on the upside and and 1220 on the downside.
Please watch the news. Big downside moves are happening all the time. If something horrible happens to the world, Israel, Lebanon, oil prices, inflation or economic growth then be prepared to close this trade as soon as you can!!
Lets see if we can get filled.
Until next time.
Doesn't bother us. Our position is a sure win now. RUT finished day at 683. Almost where we started a month ago despite all the movements!!
Lets move onto the next trade.
Again I am going to be a bit cautious as we are in a volatile market and only going to suggest one trade.
Here it is:
SPX
AUG 1305/1315 Calls for 80c or better.
AUG 1195/1185 Puts for 70c or better.
I will place 10 contracts. That's a credit of $1500 on a margin of $13,000.
My return on this 29 day position is 17% (or 213% annualised).
My review positions for this week will be 1275 on the upside and and 1220 on the downside.
Please watch the news. Big downside moves are happening all the time. If something horrible happens to the world, Israel, Lebanon, oil prices, inflation or economic growth then be prepared to close this trade as soon as you can!!
Lets see if we can get filled.
Until next time.
# posted by Paul @ 5:16 PM 
