My Path to Millions

Entries tagged as ‘PEG’

Countdown: 2 more days

May 14, 2008 · Leave a Comment

Finally, 2 more days to options expiry! YEAH! :-D

Did some analysis. Concluded I’ll probably not enter a position with PEG, even though it is profitable. This is because Apr’s close is above Mar’s open, which makes it a bit risky (this can be a valid reversal). In addition, stock is barely below monthly MA(13). [Initially entered the position because the chart I used showed a stock spilt as a massive gap down!]

PEG - A profitable position that should not be entered

Anyway, I finally entered a position with real money today. I entered the position for both virtual trading and real money, and immediately spotted the difference. With virtual trading, the fill was immediate, with a credit of 70 cents (giving me a profit of $7/lot currently). With real money, I couldn’t get 70 cents, sold it for 65 cents only. Not extremely confident about this position. Believe it won’t go above $38, but the sold leg is $37.50.  We’ll see.

Categories: Options Trading
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