
Inspired by Wahaa, I am going to record my recent trading here for reference. This is a great to help myself know personal strength and weak and thus improve the market and trading sense.
On Dec 14, I entered a short spread call for RIMM at 62.5/65 for $750, two day before ER. At the time, RIMM was traded at 60 to 61. I am bearish on it because of it's losing market share to apple and google, so I chose to sell spread call at above the current price of 60.5. The next day the price dropped to 59.23, and my spread gained $160. The OE day, it closed flat, after house, the ER is beating, stock price went between 58.2 to 62; It is obvious my spread hit a slam. If I did a short covered put, then I would be flat or lost money because the option could,'t be closed AH, and the next day, RIMM stays mostly above 62 in the morning.
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