Another Wonderful Week for My Options Portfolio

June 25, 2010 · Print This Article

I kind of despise using a title that sounds a bit braggart, but I am very proud of my accomplishments since My Options Portfolio was initiated back on May 8th. I always have to keep in mind that this is a marathon and not a sprint and so I need to trade accordingly. While it is nice to see the short-term gains my goal is to keep this going for a lifetime. I think my transparency speaks volumes as to my intentions. Words are one thing, but the performance of real-life trading is another.I am not a marketing machine, I am a trader. I trade for a living and I have no problem revealing my trades to others. I love my job and hope that others will join me on my life-long journey in trading various options strategies effectively.

Anyway….

I was able to take advantage of the short-term “very oversold” extremes of the market today. Yesterday, I purchased a few IWM calls to take advantage of the short-term oversold conditions and was able to get out of the trade today for a 12.1% gain. My Options Portfolio is currently up 31.3% since it was initiated on May 8, 2010.

Here is the trade directly from my ThinkorSwim Account: