Thursday, July 25, 2013

My Options Account on July 25, 2013, Part 1

Well I was finally wrong about one of my earnings plays.  BIDU was up a lot after they reported and luckily for me they decreased this morning from their highs so I was able to buy back my spreads at a decent price.  I then went long by buying the 125 call option when the stock was down to 121.  I've managed to make some good money on these calls and am currently working on selling some of the calls.  Google is down big today as well and I'm losing on my options there.  I'm trying to recovery some of the losses I had earlier today but most likely this will be a big negative day for me.  I'm still up nicely on the week but my goal to double my account balance this week will not happen unless I go all in on AMZN. 

Jonny

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