In & Out like the burger

I bought an APR 27.5 PUT on (C) and a 40 APR PUT on (VZ). I plan on being out of these trades in 2 days, 3 at the most. I think both stocks will come down in the next 2 days (Thurs & Fri). They’ll probably have an up move on the third day (Mon) which is why I’d like to get out of them at the end of day 2 (Fri). Thaaaaats’ right, my magic ball told me that. Let’s see if I’m right.

(XLF) APR PUT

On 3/19 I bought a APR PUT on the (XLF) with a 28 strike and a delta of -.76. The financials are struggling. Although they bounced back on Thursday the 20th, I think with the climate of the market and economy this trade will be profitable before its expiration. Plus I needed a thrill.

(AEM) trade results

With the fall of Gold in the last few days my (AEM) put spread started to struggle, so I bought a put on (AEM) with an 80 strike on 3/18. I got out of my put spread and put with a $334 profit. I know when selling you don’t need to react when the trade moves against you. I might have been a little quick on the trigger by dumping my spread. Next time I’ll hold on to it. But-if I end up losing money because I held onto it, I’m coming after you and the TOS loudmouths that teach to hold onto the trade.

IRON CONDOR (DE) APR 08 90/95 PUT – 70/65 CALL @ $1.30

I put this trade through on March 18th.

 

IRON CONDOR (IBM) APR 08 100/105 PUT – 125/130 CALL @ $1.20

This trade was made on March 17th.

Trades I’m currently in-

1. Feb 28-(XLE) Sell APR 80/82 CALL
2. Feb 29-(SPY) Sell APR 144/145 – 124/123
3. Mar 3-(RTH) Sell APR 95/100 – 85/80
4. Mar 3-(SMH) Sell APR 27/25 PUT
5. Mar 10-(C) Buy MAR 20 PUT (should have bought the APR PUT)
6. Mar 12-(AEM) Sell APR 70/65 PUT

SOLD VERTICAL (AEM) APR 08 70/65 PUT @ $1.54

I put this trade through on March 12th. Gold is doing very well and has a strong support line. Check (GLD) or ($XAU). AEM is a mining company which has a strong support line, good open interest, 63% probability and a -.36 delta at the time of the trade