Friday, November 16, 2007
Pay Day!!
As trading months go this one was a walk in the park for us. We had only had a 12 day trade on and we made $90 per contract placed! Not bad work if I say so myself.
After what was a fairly quiet day Thursday everything plummeted....again. The Dow closed the session with a loss of 120.96 points to 13,110.05. The SPX gave up 19.43 points to finish the session at 1,451.15. Unless this market opens up 140 points, a very unlikely event, this play has won.
Next month is a long trading month....five weeks to the next expiration Friday. In these markets that is an eternity. As always I'll be checking out prices and risks but really see no point in putting on trades early when we don't have to.
Have a great weekend and don't spend all your money at once.
Until next time.
After what was a fairly quiet day Thursday everything plummeted....again. The Dow closed the session with a loss of 120.96 points to 13,110.05. The SPX gave up 19.43 points to finish the session at 1,451.15. Unless this market opens up 140 points, a very unlikely event, this play has won.
Next month is a long trading month....five weeks to the next expiration Friday. In these markets that is an eternity. As always I'll be checking out prices and risks but really see no point in putting on trades early when we don't have to.
Have a great weekend and don't spend all your money at once.
Until next time.
# posted by Paul @ 5:41 AM 
