After taking profits on the AZO trade I decided to use some of that freed capital to open a spread trade on FSLR.
It looks like FSLR should have some good support at 140 level.
Aug FSLR 130/135 Bull Put Spread
If the trade can expire in 2 weeks successfully then I will get $400 for a 16% return.
Wednesday, August 5, 2009
Tuesday, August 4, 2009
Took profit in Aug AZO position
I sold out of my Aug AZO position because AZO has dropped down to where there won't be much more profit available vs the risk of the trade going back up.
Final profit on the trade was + $325 for a 13% gain.
Final profit on the trade was + $325 for a 13% gain.
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