Jul 05

full time trader log 2013 07 05

full time traderUnderlying Stock : AAPL

Strike : 420 Put

No. of contracts : 2 contracts

Enter/exit price : 0.90/1.20

Holding time : 2 mins

Net Profit : $58


full time traderReason to enter trade:

Futures were high in pre-market, but AAPL was in the red zone during pre-market. $DJI was dropping in the opening few minutes while AAPL was inching higher. It would be a put position if I were to trade. Then saw that AAPL was making a downtrend reversal in the 2nd candlestick bar of the session, confirmed by the signals. Opened the 2 contracts, and wanted to open more but was too late. The 2 contracts were already making money in blink of an eye. Profit target hit, but I took profit at the 1st red bar. If I held them till the 2nd bar, the put option price was $2.00, easily another $160 in profit. If only I held on another minute. Sigh..

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