Saturday, May 30, 2009

MAY XLF SPEC Trade (Review)

Entered this trade based on a bearish candle formation on XLF, as it turns out, XLF moved back up the next day, but ended up crashing lower the next week, allowing me to take profits on the position.

I was originally planning to let it expire, but then realized I had in the money contracts and could end up assigned a bunch of XLF shares (thanks, but no thanks!)

Started: 05/07/09
Finished: 05/15/09
ROI: +21%

No comments: