Sunday, September 20, 2009

Day 26, $22,345

Markets closed and options expire today. My IBM iron condor and NTES bull put expired worthless. The bullish trend continues. See the trade details below for more info. I am interested in reopening similar positions, but with earnings coming up, I think I will wait for and place more momentum based trades. My current open positions are my long NYX stock and my DRYS naked put and long call.


Date Opened 8/25/09 8/25/09
Ticker NTES IBM
Position Sep 40/35 Bull Put Iron Condor 125/130 110/115
Number of Contracts 5 10
Cost Basis 0.80 1.10
Reward Potential 0.80 1.10
Risk 4.20 3.90
Date Closed 9/18/09 9/18/09
Closing Price 0 0
Reward 0.8 1.1
Total Value 400 1100
ROI 19.05% 28.21%
Length of Trade (Days) 25 25

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