Wednesday, November 2, 2011

POT Weekly Naked PUT 45


  1. POT closed today at $48.05 so the short 45 PUT options expire worthless for maximum gain. Not a huge profit but it was short and sweet and covers expenses for the weekend which was the goal.

  2. Awesome. I call that psychological accounting when I do something similar. I'm sure you would have went about your weekend regardless of how this trade worked out, but I'll sometimes try and scalp an ES point on Friday and take myself out to dinner if I win while somehow telling myself dinner was free.