I finally doubled my capital! Now I’m aiming for $10k by the end of the year! I do think there’s a flaw in the options trading system I’m using, it’s missing a good exit strategy. I find some of my profits are either taken too early or the profits turn into loss. I’m looking for an exit strategy that can fit with the star trading system. If anyone has a good exit strategy for options, please share with me. 🙂

Balance after exit trades made in June: $4,453.25 (+13.60%). Click “read more” to see my trades.


EXEC TIME SPREAD SIDE QTY SYMBOL SPC EXP STRIKE TYPE PRICE NET PRICE
06/07/06 22:22:54 SINGLE BUY +2 NCX 100 SEP 06 30 PUT 3.00 3.00
12/07/06 02:18:49 SINGLE SELL -2 NCX 100 SEP 06 30 PUT 2.30 2.30
RETURN: -23.33%
17/07/06 22:22:39 SINGLE BUY +3 MFE 100 AUG 06 20 CALL 3.40 3.40
20/07/06 22:06:08 SINGLE SELL -2 MFE 100 AUG 06 20 CALL 3.62 3.62
20/07/06 22:06:08 SINGLE SELL -1 MFE 100 AUG 06 20 CALL 3.63 3.63
RETURN: +6.57%
10/07/06 22:55:51 SINGLE BUY +2 THE 100 AUG 06 40 PUT 4.30 4.30
18/07/06 21:30:47 SINGLE SELL -2 THE 100 AUG 06 40 PUT 5.20 5.20
RETURN: +20.93%
20/07/06 22:26:42 SINGLE BUY +3 DRYS 100 SEP 06 7.5 CALL 3.70 3.70
03/08/06 00:30:37 SINGLE SELL -2 DRYS 100 SEP 06 7.5 CALL 5.20 5.20
04/08/06 00:21:07 SINGLE SELL -1 DRYS 100 SEP 06 7.5 CALL 5.50 5.50
RETURN: +43.24%

Total profit for the month: +47.41%
Average profit for the month: +11.85%

Be Sociable, Share!