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Friday expiration tomorrow may bring nice profits

Am I getting it right already? I do not know. For almost three years I was profitable trading options and suddenly a backlash of last three months erased all my previous gains. I tried hard to stop bleeding but all trades were turning against me, one after another. That’s frustrating and I was desperate to Continue reading →

New Trade – SELL OCT14 CALLS on CLF

New Trade - SELL OCT14 CALLS on CLF

Another bearish trade I see coming was against Cliffs Natural Resources Inc. (CLF). The stock suffered a severe decline in recent months with a few relieves in March 2014 and end of June 2014. Review the chart below: Take a look at point “A” where the stock had the second last relief from a downtrend. Continue reading →