Friday, August 15, 2014

Options Expiration Day 8-15-14

It's stocks and indices options monthly expiration but not commodities expiration day. All of my five ES bull puts were winners. I had to take stop losses for some of my grains direct options. A lesson learned. No matter how confidence you are about a trend and trade there should always be risk control rules and an exit plan in place.

Indices dropped on Ukraine attacking Russian convoys inside of Ukraine this morning. A morning drive was interrupted and later recovered. I didn't get any fill on this p/b. I wasn't eager to get in either when the situation wasn't clear. I don't want to have new exposure over the weekend.

We are taking June to her college this weekend.

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