Tuesday, September 1, 2009

08/31 IBM Calendar

IBM pulled a recovery by the end of the day, I still have the extra 2 calendars to open on the 115 level if it proves to be needed. Other than that, if we stay there or move up a bit I should be taking profits.
Previous Posting:
08/28 IBM Calendar


Anonymous said...

I didn't have a good feeling on this trade either...I opened the same trade a day before you did and closed it all 3 min before trading ended on 8/31 for a small 6% gain (3% with commissions).

Gustavo's Trades said...

Nice! Good job!

I thought about adding the 115 long before it got to the break-even. In the future, I might simply start with a double calendar.

What I ended up doing was peeling off the 120s as we moved lower. I got 3 calendars off, 2 at a small profit and 1 for a tiny loss.

Now I've added the 115s, let's see how it goes.