Friday, October 11, 2013

T.J. 10-11-13 Chaching Friday,

I like Fridays now because it's a pay day from market. Although I get paid on the day of selling options but market can take it back until Friday's expiration time.

ES opened up again as expected. I had a chance to close my 1695 pre market but it wasn't my plan. Any way, it was a busy morning and noon to unwind all my call selling positions. I had to average up 1695 and sold them gradually. In the end I only made over $120 for all of the 11 call positions. It was too risky for these scalps. Of course I am glad I didn't lose any money. One change in me was that I didn't wait and hope for the mercy of the market. My goal was exit safely and I achieved it. Market started to push up after 2pm at algo time. The 1695 would have been assigned if I didn't get out earlier.  

My goal was achieved this week without a loser.

No comments: