Finally, 2 more days to options expiry! YEAH!
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!]
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.
