Post feedTrade Updates (All Six Of Them...)
So here are the six option trades we are in and our cost basis...
CLF Dec 95 calls- $2.70
UNH Dec 60 calls- $1.30
THE Dec 45 calls- $1.60
GCI Dec 65 puts- $2.00
LLY Dec 50 puts- $0.80
PD Dec 135 calls- $2.10
Here are the closing prices on these options as of today...
CLF Dec 95 calls- $2.05
UNH Dec 60 calls- $1.50
THE Dec 45 calls- $1.80
GCI Dec 65 puts- $3.20
LLY Dec 50 puts- $0.95
PD Dec 135 calls- $2.50
Great news traders...our accounts are up +10% in less than a week!!! We are profitable on all but one trade, and our only cause for concern right now is CLF. It has pulled back to it's old resistance level, and looks to be bouncing off of it as new support. If this support is violated (closes below) this will be our signal to exit the trade. This reaction is commonly referred to as a "re-test." Stay tuned as we will continue to monitor these trades. Also stay aware of market conditions and how the market reacts to its current resistance level we are sitting at. This might have an impact on these trades going forward. However, we are at a typically bullish time of the year for the markets. Things could easily move either way right now and would be justified in doing so. Stay tuned...
CLF Dec 95 calls- $2.70
UNH Dec 60 calls- $1.30
THE Dec 45 calls- $1.60
GCI Dec 65 puts- $2.00
LLY Dec 50 puts- $0.80
PD Dec 135 calls- $2.10
Here are the closing prices on these options as of today...
CLF Dec 95 calls- $2.05
UNH Dec 60 calls- $1.50
THE Dec 45 calls- $1.80
GCI Dec 65 puts- $3.20
LLY Dec 50 puts- $0.95
PD Dec 135 calls- $2.50
Great news traders...our accounts are up +10% in less than a week!!! We are profitable on all but one trade, and our only cause for concern right now is CLF. It has pulled back to it's old resistance level, and looks to be bouncing off of it as new support. If this support is violated (closes below) this will be our signal to exit the trade. This reaction is commonly referred to as a "re-test." Stay tuned as we will continue to monitor these trades. Also stay aware of market conditions and how the market reacts to its current resistance level we are sitting at. This might have an impact on these trades going forward. However, we are at a typically bullish time of the year for the markets. Things could easily move either way right now and would be justified in doing so. Stay tuned...
