Monday, August 25, 2014

Sitting pretty nicely -- August 25th

Today looks good!

We are currently sitting on unrealized gains of $12 (gross), so that's not too bad for a Monday.  Of course the real impact will be in place when we close out the positions, so we'll just have to keep watching and see what happens.

All three US indices were up today.  And the S&P surpassed 2,000 before falling back below, which is apparently a big milestone.  One article I scanned though made a point of stating it's probably more of a mental thing at the moment.  If it hovers around that point for a while, we might have something to work with.

Tonight's goal is to recap positions and see if I need to make any changes at all.  

GM -- Put vertical (September expiration) -- looking good tonight.  Nothing to do.

MU -- Put vertical (October expiration) -- Just sold that to open today.  Nothing more to do tonight since the stops are automatically in place.

TWTR -- Put vertical (October expiration) -- Sold to open today.  Ditto above.  

YHOO -- Put vertical (October expiration) -- Sold to open today.  Started with a higher open, but then fell to close below opening, but still above Friday's open.  This is going to be one to watch, I think.

IWM -- Iron Condor (October expiration) -- Sold to open today.  Looks good for a condor open.  Nothing to do tonight.

YHOO -- Iron Condor (September expiration) -- Looking good.  Same notes as yesterday regarding not changing to a trail stop at this point.  Keeping our options open.

So that's it for tonight!  Nothing to exciting to report, and not too much to do.  We'll see if the rest of the week does this as well.

Happy Monday Night!

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