02/25 Daily Summary

That of what I desire for me, I desire for everyone! Gratefully exited all my Butterflies this month, now waiting for OEX to expire Tomorrow so I can also book my profits on that weekly trade. Nice and sweet week, I sincerely wish the same for all fellow option traders!

02/25 NDX Fast Butterfly

We were soaring around 11% ROI mid morning Today, then the market pulled back quite a bit. I am still very grateful that I got slightly above my 8% goal by end of day Today. Remember, I have been in this trade for exactly 3 days.

02/25 MNX Iron Butterfly

Landed the MNX iron butterfly Today, got it with a bit over my 10% profit goal, nice and sweet ride! Thank you!

02/25 OEX Weekly Iron Condor

Ok, OEX, let’s bring another weekly deal home, I am very grateful for having learned this trade from the fellow Sheridan Mentoring California1 trading group. Thank you!

02/24 Daily Summary

Didn’t touch any position Today, that makes it a perfect option trading day! Gratefully waiting for time decay to do its job so I can do mine (aka. Get out of the positions). So far so good.

02/24 NDX Fast Butterfly

I’m looking for just a small pull back or simply the time decay to cash in at my profit level this week. At the final hour I floated an order out to close me with 8%, the current P/L was around 7% and I figured it could work, why not try it? I am sure I had traded over 8% during the intra-day action Yesterday, however I want to stick to the backtested process: close by end of day instead of intra-day.

02/24 MNX Iron Butterfly

MNX kept collecting premium Today, didn’t do anything on it as well, just waiting for time to go by and money to come in.