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.

Monday, August 13, 2012

Possible Entries Today

I did my analysis and I have 4 new possible entries today. Whether they trigger or not will depend on the market. For the BUYs I want to see strength and for the SELLS I want to see weakness. I have alerts enabled that will send me an e-mail/SMS when and if any of my levels are penetrated.

I'll post what I have done tomorrow into the ACTION column. The trades will use options, as it gives me an added edge. Not only do I feel that I am able to profit from the direction, but I can profit even if the market goes sideways and/or a little higher. I also have time to adjust the trade to avoid a loss.
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