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.

Tuesday, June 26, 2012

RUT Profit Taken

The market did it's thing and dipped to allow me to take my profit as planned. I'm sitting the next day or two out until I see which way the order flow will go. Although my strategies are of the so called income type, the basis of the way I trade is directional bias as it makes the trades work so much more quickly.

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