It's Chaching Friday again. I get 1615 and 1605,1600 scalp position expiring worthless with 100% profit. It wasn't an easy week for the put options. With last week's gap down the down trend continued early this week. I had to exit out my 1625 position with a small profit. It looked venerable before Wednesday. This one was entered 2 weeks ago.
I entered a short for wheat since it matched my setup. Timing wasn't very good since it's a weekend. But have to follow my rules. While corn didn't come to my short entry level Pro Farm's field tour report may give corn a bearish tone next week since the production estimate is high. I increased my option price in hope to get out my bullish option of 450. This has been dragged for too long. Hesitating to cut losses is still my weakness need to work on.
I was so lucky that my MSFT 33 option was canceled by the exchange due to NSDX 's shut down yesterday. My order was filled this morning for a 230% return instead of yesterday's 25%.
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