EOD +$452

Today wasn’t usual, it was good though.  After having watched a loss of over $1,600 change my trading ways and cause me to alter my rules of trading, I was lucky enough to have followed my new rule and just waited until the end of the day and sold some options.

RIMM was causing pain today but eventually spun down and allowed me the opportunity to sell.  I took this drop as a chance to do something that I have rarely done in the past, I sold only part of my position.  Selling 2 of the 4 Feb08 $100 puts instead of all 4 might actually pay more.  If not, I will follow my new rule and bail when appropriate.

FXP was sitting in the negative all day long, well, at least until the end of the day.  Another last might move and I took the opportunity to sell my calls.  I like FXP and FXI, they usually provide enough movement to make them profitable.  The spreads on FXP are sort of wide, but that’s alright as long as I make money.

Well, my day of trading is over.  I hope that I find something interesting to fill the rest of my day so that I don’t have to work.