http://www.stockrake.com

I bought some Nov AXP 62.5 calls. The problem was I bought them like 2 minutes before the Fed announcement. So I bought in for 1.15 and they dropped to .65 soon after. I then reloaded and doubled up my position when AXP started moving higher. I got the second purchase at .80. I’m not down that much anymore, but it was ugly and would have been a sweet trade if I waited literally 3 minutes.

I also bought AXP stock when it was down at 60.45.

What looked like a really crapy trade is looking better now by the minute. The Dow went negative for a few minutes and now its back up to the highs of the day. The NDX has also popped higher then its been on the day. I love this action for continuation of the up move and maybe alot more upside into the close from these levels. We’ll see.

Related Posts