Strategy, Approach and Statistics

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Thursday, April 5, 2012

Several positions are closed

Several positions are closed. Please see my blog for details. I look forward to new positions in an hour. 


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Wednesday, April 4, 2012

Several Positions initiated

Several Positions are initiated. Please see the blog. I am expecting
S&P to hold 1390 by the close of Thursday.

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Updates to the "Last 10 trades" section of the blog will be made shortly.

Tuesday, April 3, 2012

Closed: Position 68 added: TLT Spread

Position 68 is closed at $0.86 in a day trade for 18% profits. TLT is
volatile after FOMC minutes. I am booking profit in this day trade a
little less than $0.90 target.

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TLT Calendar Spread at $0.74
(Sell APR 05 '12 112 Call
Buy APR 20 '12 112 Call)

Comments:  Market is expected to rise which will result in price drop
of TLT. A rollover to next week is likely if position doesn't perform
on expected lines. Target $0.90+


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Updates to the "Last 10 trades" section of the blog will be made shortly.

Closed: First Position on Hedged Balanced Portfolio

Below position is closed at $2.10.

Comments: Closed for a decent gain in a day. It may give even better
returns by Friday, but I do want to start this portfolio by a winning
trade. I am superstitious, so an early exit.

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VXX Calendar Spread at $ 1.77
(Sell APR 05 '12 17 Call
Buy JUN 15 '12 17 Call)

Comments: VXX will stay low in the near-term and a bounce back in the
summer is a possibility. I will let the short leg expire on Apr 05 or
rollover to generate additional rental income.

Position 69 added: SPY Calendar Spread

SPY Calendar Spread
(Sell APR 05 '12 142 Call
Buy APR 20 '12 142 Call)

Comments: Trade should be profitable if SPY closes between 141 and 143
on Thursday

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www.MyWealthyOptions.blogspot.com

Position 68 added: TLT Spread

TLT Calendar Spread at $0.74
(Sell APR 05 '12 112 Call
Buy APR 20 '12 112 Call)

Comments:  Market is expected to rise which will result in price drop
of TLT. A rollover to next week is likely if position doesn't perform
on expected lines. Target $0.90+

Monday, April 2, 2012

Added first position on Hedged Balanced Portfolio

VXX Calendar Spread at $ 1.77  
(Sell APR 05 '12 17 Call 
Buy JUN 15 '12 17 Call) 

Comments: VXX will stay low in the near-term and a bounce back in the summer is a possibility. I will let the short leg expire on Apr 05 or rollover to generate additional rental income. 

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Updates to the "Last 10 trades" section of the blog will be made shortly.