Weeky Option Trade: 22 to 26-Jan-2007

This is another profitable week for me even with one trade.
Star Trading System not just gives us a signal but also a very good market entry strategies that has been proven to be very effective.
Plenty of time the market entry strategies has safe me from making a wrong move. And this week, it did it again.

I bought ODP 40 FEB07 PUT on 23-Jan-2007 at $2.95 and there was no much movement on this counter on the day I bought it. It’s even closed higher at the end market. To make thing worst, all major indexes (S&P, DJ & Nasdaq) open higher on the next and remain bullish for the whole day. What happen to ODP? Will it follow the same trend too? The answer is NO. ODP price dropped continously for the next 3 days when it closed at 37.35 on Friday (26-Jan-2007). It was at 37.94 at the time I bought it.

I sold my option on 26-Jan-2007 at $2.60. This is 33% profit in 4 days. I could made more than that if stick to 15% trail stop lost. But I’m happy with 33%. The best part is I just spend 1 to 2 hours a day to monitor the market and the rest are done automatically.

As what my master Jason Ng said, “There are always rising stocks in falling markets and falling stocks in rising markets and the Star Trading System always put us in the correct ones to trade”.

Check out the secret of Star Trading System HERE

 

 

 

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