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, August 1, 2012

More Specific Trades

I do quite a few trades every day as part of the way I diversify risk. I'm going to put more structure into this blog by posting some more specific directional trades, as well as a monthly income type trade with a directional bias.

Yesterday, my aim was to put these trades on:

They all filled (at mostly different prices) except the KO, which did not fill- but I am still working it. I'm trying to earn about 15% on my margin and stop myself out with a new high unless price is rejected there.

In about a week or so, when I get back to France after being at the Olympics in London, I'll start posting these before the U.S. markets open. Then people can watch the trade unfold as the market makers try and get orders filled at their price while I try and get a mid price fill with the time constraint of the market moving.
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