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Jan 27

option trader log 2015 01 27 profit $58

full time traderUnderlying Stocks : BIDU

Strike : 227.5 Call

No. of contracts : 2 contracts

Enter/exit price : 2.00/2.30

Holding time : 7 mins

Net Profit : $58

DOW was down 275pts in the opening few minutes amid weak data and earnings today. All were moving down, but those in watchlist barely fell. When BIDU fell and about to make a reverse following my signalling rules, do-or-die-don’t-ask-why, opened the call position. And the rest followed my script; continue to move down before making a rebound, and ka-ching, money in pocket! Ho ho…

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