Friday, April 21, 2006

This Month's Gamble--Revisited

Ok gang, time to toot my own horn for a few minutes. The discussion about OEX options I started back in late February has born fruit. I believe the OEX had to close today above 560 for that trade to be fully profitable, and a quick check over at Yahoo Finance tells me that the OEX closed at 593.39. That's 30 points to the good--perhaps I was a little too conservative this time around, but nothing stings a gambler like losing money, so I didn't get greedy.

For those keeping score in the option market, for the year 2006:

Profit: $1200
Loss: $0

I'll have a new trade figured out by Monday morning for those that wish to play along.

Mikey

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