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Jan 08

option trading log 2016 01 08 profit $368

20160108B-IBUnderlying Stocks : NFLX

Strike : 115 Call

No. of contracts : 5 contracts

Enter/exit price : 1.05/1.80

Holding time : 23 mins

Net Profit : $368

Been watching NFLX ever since the start of this trading session. Up by $2+ at opening bell and still monitoring it while I took care of my overnight TSLA position. NFLX chart was on a downtrend when I closed off the then FB positions and waited for the signalling rules to sync. It synced alright, but was opting for the 115 strike and unable to buy the 115 call because it was still in the money. Ya, in-the-money call attracts bigger margin coverage on expiry day. So, was patiently waiting for it to drop below the 115 strike. Managed to open a call position almost off low. Now the exit plan….

Call a nut head, but NFLX will always fly and rebound in 5 long years in trading experience. My 5 contracts never once turned red, was just plotting my exit price. Opened call position when NFLX was 114.60 and with a strike of 115, it was too easy to rebound. In this trade, practised the contrarian view of “letting profit run”. Watched the signalling chart and exited when it hit 116. That’s $1 in-the-money with a premium of $0.80. Good $368 profit in 23 minutes.

Off to a great start for 2016! Options trading in Malaysia made easy with these signalling rules. Full time trading, I am just a few steps behind.

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