I just sold another 15 of the NFLX puts at the strike of 165.
NFLX is trading around 206 I received another 806 for a total of 1960 in all. This position requires 52140 in maint So the monthly return is 3.7. This is with 71 points of cushion for 2.5 weeks.
3 comments:
Wow, nice move on LVS so far this morning.
I sold Dec 18 positions at 37 @ 5.6%,39 @ 5.6% & 40 @4.3%. I liked how it respected its 20dma when I made these trades.
20% Cushion on the closest position at yesterdays close. Even better after hours.
good trades ED, Liked my CC's with LVS. I was sure they would make it but just didn't want to hang on that long to a position that was bouncing right at the strike every day. I din't want to come home and find the stock at 46 etc.
Jerry
Hi Jerry thought you might be interested in one thing I look at or why I picked GOOG yesterday.
On ThinkorSwim Prophet Charts I set up a study with Linear 100/50 this is you Standard deviation channel.
A picture is worth a thousand words and this one pretty much says sell puts or sell calls. Yesterday it was sell puts on GOOG.
Not sure if this will work? If not try copy and paste.
This is what GOOG looked like yesterday on the Prophet chart 6 mo. I will be selling more puts at the 525 level if it goes there.
http://s678.photobucket.com/albums/vv145/RagingBullWinkle/?action=view¤t=2010-11-30-PROPHETgoog.png
This is a daily chart of NFLX I believe both the GOOG and NFLX will work out over the next two weeks But I'm also not surprised only GOOG if profitable today.
http://s678.photobucket.com/albums/vv145/RagingBullWinkle/?action=view¤t=2010-12-01-PROPHET_NFLX.png
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