Friday, September 6, 2013

IWM $100 Call P/L

I closed the October IWM calls even though they have plenty of time on them, I just see no reason to hang around for a 1 or 2 day pullback, maybe another day in reversal process (somewhere around 1-3 days) of drawdown, when I can simply re-enter the position at a better price point on a market pullback that looks assured at this point.

This was meant for the market bounce so it's not a large gain, but not a loss either. The VXX




The P/L on this position is about +6.5%

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