Friday, October 16, 2009

GOOG - Iron Butterfly



I entered this trade as this is expiration Friday for October,

This is a highly speculative trade. I was hesitant but decided to enter the day after Derek skyped on the possibility.

Trade: Iron Butterfly 540/550/560 for a credit of 6.11

PE: Exit at ROI of 10% before 3 pm today
SE: Exit at a % loss before 3 pm today

I exited the trade at noon for a profit 6.8 for a profit of 0.69 or 11.5 % within 2 hours.

This is the second time I did this trade. In September, I entered a similar trade and made about 15% within 4 hours.
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1 comment:

  1. InnovestorOctober 16, 2009 at 1:14 PM

    The market close for this trade is at around 9.5. I could have made 50% in a day. Goog ends at 549.91 - almost on target! Remember, I said it is Vegas trade!

    I am happy with 11% profit.

    ReplyDelete

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About Me

An engineer by training graduated with B.Sc (hons) and MBA from Strathclyde university in Glasgow, Scotland. Started as an engineer in R&D for 3 years with Philips. Then, worked with DuPont for 13 years. Last job was VP, Marketing for Asia Pacific. Left to start a number of companies in various segments which include a large electronic distribution, a VoIP provider, an internet trading portal in Australia,and an executive training consultancy firm. Have listed companies in NYSE, Australia Stock Exchange, Singapore Stock Exchange Main Board. I was on the Board of Directors for 1 company listed in Thailand, 1 in Singapore and 1 in Australia. Was in the senior management of a company listed in NYSE. Still holding major share positions in the VoIP and Executive training companies. Both are private companies.

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