« Feb 6th - Sell the rallies. | Jonathan Lawson Main Page | Feb 8th, 2008 - end to a good week »

Feb 7th - Fade the moves

Today was a pretty wild early session. I was only in front of the computer for about 45 minutes, but it was thrilling. SP down 12 off the open, then back to even, then down 10, then up 10 then even, closing at up 10. Whew. Overall my acct was flat. I exited a few positions.

Not being around the computer is not conducive to me opening new trades. But this is what I did.

C- Exited remaining 27.5p Feb/Mar for .90. That was nice all profit as I rolled Jan to Feb last month for a .75 credit. I just added the .90 to that for a nice trade. I also exited the Feb/Mar 25p for .75. Originally purchased for .40. Very nice.

COF- I got scared and exited one of my June 45-30p spread for .3.75. I shouldn't have done it. But I did make a small profit. I still have one unit on.

AIG - Exited my fourth of eight Feb 55/50/45 for 1.70. Excellent. I am preparing another AIG trade. The past two months have been great trading for AIG.

AAPL - Feb 110/105p credit spread for 1.40. That seems like a great bet with only 7 days to go.

I have a quite a few small positions, but nothing large. I would love to have more UST calendars.

It has been dumping snow here all day long. Awesome conditions.

TrackBack

TrackBack URL for this entry:
http://mysnowpro.com/cgi-bin/mt/mt-tb.cgi/383

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

mySnowPro.com's Free Monthly Report

sign up here! we will
never share your email!
Name:
Email:

About

This page contains a single entry from the blog posted on February 7, 2008 5:31 PM.

The previous post in this blog was Feb 6th - Sell the rallies..

The next post in this blog is Feb 8th, 2008 - end to a good week.

Many more can be found on the Jonathan Lawson Main Page or by looking through the archives.

Sponsored Links

Sponsored Links

Featured Authors