Monday, February 13, 2012

2/17 IBM Calendar (Feb/Mar) Weekly Summary

2/17 Update: Closed the trade for 22% ROI, nice return for the journey.

2/16 Update: Plan is to close the trade Tomorrow, IBM in quiet mode

2/15 Update: Getting there, a couple more days to go

2/14 Update: My fingers are itching to close the trade, yet I will be good and follow it the same way backtested: till the final day.

2/13 Update: IBM closed about the same as last Friday, the position is looking good, navigating it expiration week. It has been a long time since I traded a position till the very last week.


Anonymous said...

Nice one Gustavo!
Have you thought about / back tested doing this strategy using weeklies for your shorts and rolling them every week to the next weekly, keeping your longs those couple of months out?

Gustavo's Trades said...

Thanks DZ, I only tested this trade with the monthly contracts, to be honest I'm still learning how they work.

I think I've seen folks trading these on the weekly contracts, have you done it that way?


Anonymous said...

Just looking at using the weeklies with Priceline (PCLN). Big stock, more like an index but it cuts down on commissions!