The market was between red and green today. Let's see where it will end.
Here are the option trades for today:
Summary:
I adjust the option to either add risk when needed or remove risk by adding more TIME and moving the STRIKE price away from the market price. This constant adjustment should add some extra profit over a long period.
Have
To understand how I made money on Visa, you need to see when I opened it and follow it to the position's closing. This will include all the rolling/adjustment of my position.
To see what I made, it is easier to see what I collected and what it cost to CLOSE the position:
I made $61 per contract out of the initial $64 opened. My profit was 95% of the initial value I collected from the Option on July 19. I could have continued this trade into next week and continued to make money (over the .64 max profit if I did nothing with the original trade).
Have a profitable day!
