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Aug 27

option trader log 2014 08 27

option trading MalaysiaUnderlying Stocks : AMZN

Strike : 342.50 Put

No. of contracts : 2 contracts

Enter/exit price : 2.30/2.70

Holding time : 5 mins

Net Profit : $77

My second winning option trading Malaysia trade on my return. Shorter holding time and a bit higher profit. DOW was lingering between green and red on my IB trading platform, but chart’s signalling rules pointed towards downtrend. So, was hunting for a put position rather than call. Generally, market was on downtrend, and trend is our friend. Did not want to try out-smarting the market. So, waited patiently to open a put position. AMZN was about +2 when I opened my put contracts. True as it was, the force of the market dragged her down, and up went my put position in matter of minutes.

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