Friday, May 15, 2009

Expiration Friday

RIMM Closed today at 72.34 This means that the Iron Condor will be expiring worthless, I needed the stock to close anywhere in between 70 and 80... Done and done, max reward archived.
This Trade was opened on the 6th of May and expired worthless today (tomorrow to be exact but markets are closed) This will yield about a 42% Return on Risk in 10 days...not to shabby.
Max Reward = 1.50 per share
Max Risk = 3.50 per share
Commissions Totaled about $40 (only paid commission to enter the trade, no commissions are paid when options expire worthless)

Looking at WMT, they closed almost right at 48 (48.15) I am looking for support to hold at 48 going into next week. Therefore I will give it a day or two before initiating any new trade.

Make it a great weekend, Coach Nuge

Private Tutoring is Now Available, Contact Me For Details.
coachnuge@gmail.com
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