Jan 22

full time trader log 2013 01 18

full time traderUnderlying Stock : AAPL

Strike : 500 Call

No. of contracts : 3 contracts

Enter/exit price : 1.82/2.10

Holding time : 3 mins

Net Profit : $80


full time trader

Reason to enter trade:

This was traded on expiry day. $AAPL sunk below $500 on opening before clawing back above that level. I was opening the trade while it was on the uptrend, trying to hop on the ride. And yes, signals were not all aligned when I opened the trade. So I bought only 1 contract, but ended up averaging the position by buying 2 more contracts the next minute. Thereafter, it moved up favourably, er.. in the next 30 seconds. Yum yum!

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