My Options Account on June 7th, 2013

Today was expiration Friday for my weekly options.  I knew it wasn't going to be a clean day but things ended up pretty good.  My most important position was on Apple and Apple closed at $441.80 which was right between my $435 and $445 strikes on my Iron Condor.  I made over 30% profit on Apple this week!

My Google Condor ended up in the money on the call side as Google was up the entire day.  I closed my positions for a loss but not a full loss.  The only other position that ended in the money was AMZN which I had to buy back my call credit spread for a partial loss.

Overall on the week I made a profit of $2,177 after commissions for a percentage gain of $17.46%.  That's a two week gain of 39.16%.

Now the key is to keep it going next week.  I am going to take a lot less risk next week.  My goal is to make at least 5% next week and keep it going.  I set a goal to be over $100K by the end of the year.  Right now I'm sitting at about $14,650.  I'll run the numbers but most likely I'll need to average about 6-7% per week.

I'll post my trades on Monday.   Most likely I will be doing a lot of the same strategies I did this week.  Start with Put Credit Spreads and then put on the Call Credit Spreads.

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 Jonny

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