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!