This week in a nutshell

I tool a few off this chin this week. I am a better man for coming out with it and getting it off my chest. I take it in stride and embrance losing like it was a distant relative. Most of my trades were closed this week, and all I am left with is VIP, LRCX, RYL, WHR, AZO, and a mountain of unread e-mails.

Here is the lineup in case you were wondering...

VIP AUG 45 calls $2.00
LRCX Aug 40 Puts $1.60
RYL Aug 40 puts @ $1.40
WHR Aug 75 puts @ $1.05
AZO Aug 85 puts @ $.95

Now that we have cleared that up...I am still watching RHAT and I will find more prospects in the morning. After I sleep this day off, I will provide a more interesting post tomorrow.

Hi Jeff!
I love your blog (though the typeface is a little tough on my aging eyeballs). I notice that your trades are all OTM even though in Master Talk you outline the ITM ones. Other than the fact that you can buy more contracts for the same amount of money, therefore more leverage, how does it affect the outcome of a trade?

Nice entry points on those trades.

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About me

  • I'm Option Addict
  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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