Trade P/L: IWM Oct. 100 calls; FSLR Oct. $35 Calls; XLF Sept. $20 Calls

Here are the P/L figures for the few positions closed today that I didn't have time to post.

As I said earlier in the day,

"Until we figure out what the highest probabilities are (which tools are best suited to the developing market environment) for now I'm going to take care of position management or spring cleaning and essentially balance out the short term trade bias or go toward cash completely,  to take gains while they are still available and to raise resources (Dry Powder) to enter new positions".

Many of you have traded options and know this, but trading options is not at all like trading a stock. If we assume we are long MCP and long MCP using the leverage provided by options (long MCP calls), MCP may make a gain of +.50% tomorrow and while the long position in the stock will gain the exact same .50%, due to a variety of options model pricing influences we can actually go from a gain today to a loss tomorrow even though MCP moved up the next day by +.50%  because options are priced using a variety of factors, you can read more about options pricing at this link for the two Nobel prize winners who created it and also almost sunk the US Financial system when their firm, Long Term Capital Management nearly went belly up-another interesting story...the Black-Scholes model which among other things, incorporates volatility, the time left before the option expires (theta or time decay) as well as other forces that are market related.

So here's the P/L for positions closed today not already covered:

IWM

At a cost basis of $3.96 and a fill of $5.36, the P/L for the IWM Oct. $100 Calls came out to a gain of +35%

FSLR

At a cost basis of $4.10 and a fill of $5.35 the gain came out to +30.5%

 XLF

At a cost basis of $.32 and a fill of $.35, XLF was a gain of +9.37%