Feb 19

full time trader log 2013 02 13 again

full time traderUnderlying Stock : NFLX

Strike : 180 Put

No. of contracts : 2 contracts

Enter/exit price : 3.00/3.40

Holding time : 44 sec

Net Profit : $78


full time trader

Underlying Stock : AMZN

Strike : 265 Put

No. of contracts : 2 contracts

Enter/exit price : 2.40/2.60

Holding time : 8 mins

Net Profit : $38


full time traderReason to enter trade:

NFLX : Stock moved higher and higher in the opening few minutes. Waited for the signal to open the position. Bought in-the-money contracts for greater price movements. 44 sec later, $78 kach’ng into the pocket!

AMZN : Emphasis on the histogram for this play. Similar to NFLX above, stock made 5-6 green candles and appeared to be heading downtrend based on histogram and I opened the trade. It did move downward but barely. Fear kicked in, and closed off the trade with minimal profit. $38 for 8 mins, 4 of those in constipation!

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