This is my journey to financial freedom as an options trader selling weekly options. My trades are based on my assumptions as a novice trader, so follow at your own risk.
FAQ: 1) You can use the search function to check the chart for the SPY according to the Month & Week. eg. DecWk3, JanWk1, etc.
Saturday, 1 December 2012
NovWk5 - SPY - Sold!
Trade:
Sell: SPY NovWk5 PS 140/141 $0.05
Status: Filled on Saturday 12.07am (SG time)
Expiry: 30 Nov (US time)
Contracts: 5
ROI: 2.95%
Analysis:
The market is sideways tonight, but I decided to take a risk and sell a trade. I know it is pretty dumb to do that, but it looks relatively safe, and honestly, that's good enough for me.
So I just sold a put spread for $0.05, which is a decent premium. I think tonight it will expire worthless, but in any case, I have placed my contingent order (for cut loss) and at least I can now go to bed.
Hopefully I can make something back tonight. :)
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