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Rough trading today for bulls and bears.
I was stopped out of SOLF at $2.80. Closed 4 SOLF calls at $2.80 for $1,105 (a loss of $430 including commission).
I also decided to close my 10 FDX Jan. 85 puts at $3.00 for $2,985 (a nice gain of $1,320). I'd love to hold FDX puts longer, but the profits were there and the gain was about 82%, so it went.
I still have my SVU and LEAP puts opened. SVU puts are bidding at $1.65 ($1155) and LEAP puts are bidding at $3.30 ($2310). With my cash holdings back up to $5,245.31 and my options worth $3,465, I'm getting closer to my first initial target of $10,000. I am up so far though with 2 winners and 1 loser. Be back tomorrow to see if those speculated SVU puts are paying off.
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