I queued to sell at $13.00. But upon seeing the market is bullish, and GOOG is already up $10 before market open, I cancelled the sell order, and planned to sell upon market open, at market bid price.
Market opened at $15.80. It went up to $16.00 where I sold my option @ $16.00. Profit is $4.00. Nice. Option price retraced to $15.00, before it went up to $19.20.
I failed to catch this move. Felt like going in, but no indicators to support, thus did not go in.
Also, at $670 area around 10pm, where option price is at highest, and hence put option is at lowest around $10 area, i intend to go for a put for the expected coming retracement, but did not go in either. Again, lack of indicators to support.
But i did it at paper trading, and it went well. Got 1 put @ 10.70. Got another put @ $9.70. Thus averaged down to $10.20 for 2 contracts of Nov07 $650 Put.
Sold @ $11.20 for both puts later, thus $2 virtual profit. Since its a strongly bullish night, I didnt go for the put.
Below is the Call trade :
This is the put trade :
No comments:
Post a Comment