Tuesday, October 7, 2014

Tuesday October 7, 2014

This morning I closed the $HEES position at $37.11.  The opinion was downgraded to Neutral last evening.  Then I followed by Purchasing 37 contracts on the .SPY141122P196 @4.04 this morning, 10:32 AM.   Closed the trade @4.44 at 11:15 AM when the profit target was hit. 


Yes it has continued to move up, but the objective was to offset the portfolio decline and make a profit for the day not hit a grand slam.  Alpha for the Independent Investor is about investing not gambling, if you are into gambling, what I do is not for you.

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