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.

Wednesday, July 25, 2012

AAPL Losing Trade, So Far, SPX In Profit

So far, the AAPL trade from yesterday looks like a losing trade. The numbers last night caused a late sell off in AAPL. I'll manage the trade and try to get out at break even or a loss if the market doesn't allow that.

My SPX trade has almost hit a 10% profit and I will be looking to take it off at 10%.

I'll post the results.
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