Friday, September 16, 2011

Naked Puts trade finished with profit

September expiration 9/16/11, CROX closed @ 28.28.
I keep the $420 premium collected from my naked puts trade
in which I sold 7 contracts of the Sep 23 calls @ .60 on Aug 18.
From my Aug 18 CROX chart technical analysis, the price did drop close to my target
of 23 drawn in bold red line.
The lowest price since Aug 18 was 23.12.
Our account balance is cash $16,674, up +66.7% since Jan 1.
Currently, CROX daily price chart is forming a triangle, which is ambiguous. 

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