This morning I closed out my TSLA weekly 225/227.50 call spread for a nice little profit. I captured $92 of the original $144 premium, that's 64% of the initial credit. I set this play up six days ago.
This winner is a bit of a milestone for me this year folks. It represents my 50th profitable trade in 2014! So far this year my record is 50 winners, 20 losers and 7 assignment/exercise. People, that's a 65% winning percentage! I'm damn proud of that! This is a tough game and I've been very fortunate to consistently pull profits out of this market.
For all you folks out there finding this blog for the time, I'm the Option Rider. I play with a wide open hand, for better or for worse! Please feel free to look through my open positions, my winners, AND my losers. Any advice, thoughts, comments or helpful tips are welcomed at email@example.com.