Option Trade Update

After a dismal start to the experiment last week, I am in a good position heading into the holiday.  My DE gamble did not pay off as earnings were not as good as they needed to be.  At the moment, I am holding two trades.  The total account value is approximately $3730 more than double where I was over the weekend and 20% ahead of where I was at the start of the experiment.  Long way to go.


XLF calls  – 30 Dec 15 for $2100.    gain/loss = 0

CVX calls – 10 Dec 105 for $1500.  gain/loss = 0

Cash – $130


I am not likely to make changes to trades today unless something major happens.  Equity markets are closed tomorrow and will have a short trade day on Friday.  Happy Thanksgiving!


Posted on November 21, 2012, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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