Trades closed in January

Posted by TheNightTrader on Friday, February 6, 2009 at 10:37 PM

Finally getting my month end summary up for the month of January! Life has been pretty busy lately with finding our first house and getting all the paperwork ready. We have a closing date set for February 13th (guess I'm not superstitious :-) ), and a move date of February 21st. Since we're going to have that nice first-time home buyer credit coming I've also gotten most of our taxes done and entered into Turbo Tax. Planning to submit right after closing and get that fat check coming :-)!

Trading has been a little slow so that has been a blessing in disguise, but that doesn't mean it hasn't been profitable! I love trading strangles because I can just let them ride out the storm and when the markets finally decide to make a move I make money no matter which way it goes :-). A great strategy when you don't have a lot of time and energy!


January Trades
1/9 - OXY May 55P - Net profit $134.10 (19.84%)
1/16 - SPX Jan 815/810P 975/980C - Net profit $183.20 (60.10%)
1/20 - GS Apr 55P/80C - Net profit $213.20 (10.02%)
Total loss realized in January $530.50 (8.03%)

Ending account value = $6,847.35
Realized/unrealized January gain of $725.30 (11.85%)

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