All of which seems intensely personal when the capitulation, carnage and blood coincide with June options expiration, taking my nicely profitable bull positions and in a brief span turning them to a loss.
I've closed three positions and updated my initial entry postings with the results:
A fourth position expiring in June, a bear play on CLF, will see its short vertical option spreads expire worthless and unexercised -- that means I get to keep the premium -- and I am rolling the position over to July.
My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.
Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
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