| Date | Group | Description | Result | Total | Shares | Price | Comm | Fees | Week | Income | Week2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014-05-15 | G | STO 3 IWM 5/30 2014 $108 Call | Open | $506.92 | 3 | $1.74 | $14.95 | $0.13 | 12 | $506.92 | -- |
| 2014-05-15 | G | Buy 300 Shares IWM | Open | -$32,420.95 | 300 | $108.04 | $8.95 | $0.00 | 9 | -- | 11 |
Thursday, May 15, 2014
IE/IWM -- Income for Week 12
With the dip in price, I initiated a new position to earn the income for week 12:
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Timely entry Randy, congratulations. Could you tell what made you trade that day, are you suing indicators? are you observing a daily chart or else?
ReplyDeleteThank you for sharing and have a good Memorial long W/E
See: http://wrongwaycoveredcalls.blogspot.com/2014/04/ieiwm-income-for-week-9.html
ReplyDeleteAt the time, I was still playing around with RSI(2) and other parameters in my workbook, and it gave me instructions to do a buy/write @ $106.30 if IWM dropped below $108. I might not have put in the order if it had needed more than 300 shares of IWM.
On the evening of 5/14, the next day triggers were:
RSI(2) = 15 @ $108.72
RSI(2) = 10 @ $107.46
But we haven't reached the expiration date yet...