Vertical Spreads for Aggressive Growth

Awesome job Big Fella!

Quote from Cache Landing:

Today's Action Cont. 2

STC 2 FDX OCT 110 p @ 5.70

Year to Date P/L

Account Value: $14,376.50

YTD Gross P/L: 4,945.00

YTD Commiss: 568.50

YTD Net P/L: 4,376.50

YTD % P/L: 43.8%

I decided to go ahead and capture profits on this one given it is close to the end ofthe day.

Given that I have until OCT and I think the long term trend is down on this, I am still holding some in my trading account. But as for this journal account, I'm closing out the whole position. 46% return is plenty for one day.
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Given that I have until OCT and I think the long term trend is down on this, I am still holding some in my trading account. But as for this journal account, I'm closing out the whole position. 46% return is plenty for one day.
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Well, looks like holding some of the FDX puts was a good thing to do in my trading account. Closed the rest of them out for a very nice two day profit.:)

OIH is dropping prety good still. Didn't get the chance to increase the position this morning. If it drops to 130 today I will be adding to it with more bull calls.
 
cache,

perhaps, you jumped the gun a lil on oih eh? I also see nice support at 125-130.

Nice trade with fedex, i am amazed at how many sectors and issues you are able to follow successfully. :)
 
Quote from rallymode:

cache,

perhaps, you jumped the gun a lil on oih eh? I also see nice support at 125-130.

Nice trade with fedex, i am amazed at how many sectors and issues you are able to follow successfully. :)
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Yeah, jumped the gun, but kept the position small in anticipation.

Thanks for the kind words.

Cheers
 
Today's Action

STO 2 OIH AUG 125/130 p @ 2.20

Profit/Loss

Acct. Value: $14,370.50

YTD Gross P/L: $4,945.00

YTD Commiss: $574.50

YTD Net P/L: $4,370.50

YTD % P/L: 43.7%
 
cache, i decided to join you on the OIH train. Infact, i stole the idea from you so if i win the drinks are on me. Sold 125/120 Bull Puts for $1.6.

oihiz4.jpg
 
Quote from rallymode:

cache, i decided to join you on the OIH train. Infact, i stole the idea from you so if i win the drinks are on me. Sold 125/120 Bull Puts for $1.6.
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Welcome to the club.:)
 
Quote from ryank:

You are going all out on this trade using the 130 short aren't you :).
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Ahhhh... just a regular ATM credit spread. I should have tried to juice a little more out of it. Something closer to about 2.40 but my forecast has the odds in my favor anyway. I'll be monitoring it closely, but I plan on giving it plenty of room to evolve.
 
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