Markets have been rising since my last post. The catch is that volume has been moving the opposite direction ... down. We are closing in on the holiday season and it's typical for activity to dry up, so it's hard to get a good reading. We probably won't see any meaningful action until next week.
Speaking of the holidays, I've been working in overdrive this week trying to get my work project far enough along so I can have a nice relaxing Thanksgiving weekend. So, I'm not going to have much more that a quick trade activity update today. I am hoping to have enough free time this weekend to start working on an article I've had rattling around in my head the last few weeks, so keep an eye out for that soon.
Recent Activity
11/21
Bought GS Apr 40P/65C - 1 contract for $22.30
11/24
Sold FDX Jan 60P to leg out - 1 contract for $5.20
- Bought back for $4.30 at the end of the day (lowered cost basis of the strangle $84.10)
Sold AMZN Jan 40P to leg out - 1 contract for $5.85
- Bought back for $4.90 at the end of the day (lowered cost basis of the strangle $89.10)
Sold GS Apr 40p/65C - 1 contract for $24.65, a net profit of $223.20 (9.01%) in 1 trading day!
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