Wed. update- NICE PROFIT TAKING DAY!!! All 4 teams are showing some profitable trades! Credit spread team could wait.
BULLS team –
SO – Entered Monday Long Nov. 46 calls for 1.11, just exited for 1.98 = 79% return!! exited all of position then used profit to buy a 47 Nov long call to stay in position for less risk. and possible move even higher.
BEARS –
AMZN – Takes some $$ off. We are profitable on Long Nov. 295 puts Take at least 90% of position off,
entry price 3.30 per contract yesterday, exit now for 5.70 = 2.40 Profit per contract or about 72% return
also, sell the 250 Nov. put against it to bring in another $50 per contract and now its a Bearish put spread. NICE trade
team!
OXY – Exiting whats left of 10/27 trade of long Nov. Puts entry 1.06 exiting for 1.65 . about 55% return.
Aslo, selling the 82.50 puts against the Nov 89 puts we bouhgt and entered monday.. Brings in $66 per contract and turns into Bearish Put spread.
DebiCon Team-
AMZN again! entry price for condor .80 to .85 cents. Taking 2/3rds of position off for 1.05, or 1.00 if not filled by close.
I like to grab some quick $ on these debicons since they are short term. Follow thru tomorrow will kick A$$!!
NFLX -selling 2/3 of position @ 1.25 credit per each condor. Entered for 1.00. just to grab some $$

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