This is a trade I added on Tuesday late. It's developing, as you can see, and I'm up about 4%. My target is 10% on margin. The first pic is the entry and the second is how it looks today.
The options software is OptionsNet.
EL TRADES OPTIONS
This blog will show my longer term Swing trades using OPTIONS. I use specific income producing option strategies with a DIRECTIONAL BIAS. Having a directional bias is critical in earning more, even from what are generally called income trades such as butterflies and condors. The aim of my strategies is to give me more than a 66% edge and to provide a greater than 80% win rate within that edge. The blog shows you the trades I make and how I manage them. For my directional bias, I use the same EL methodology as I employ in my day trading that you have seen for years in the original ElectronicLocal blog. Read the disclaimer.
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