First of all, I wanted to mention there are some dynamite guest posts waiting in the wings. One in particular by Molecool is particularly good. I look forward to publishing those generous posts later.
Second, the title of this post doesn’t refer to my success at repelling women with body odor (my charming personality, plus the fact that I’m married, already does a great job of that). I’m referring to Binary Options, about which I wrote last night, and yep, I placed and closed my first trade. And I’m delighted to report that first trade yielded a profit!
I guess I don’t have to whine about not hanging on to this option anymore.
I hadn’t done any options trading for a while, but a few months ago, I dusted off my options account, put some money into it, and started trading it. The past few weeks have been particularly good to me, with the account up about 100%, but along the way (particularly the most recent week), I left a ton of money on the table.
There was one particular issue that left an impression on me: a NASDAQ put. Now, most of my options trading (which is brain-dead simple: buying puts on stocks that I think are going to fall and whose expiration is several months out) is focused on individual issues, not indexes. But on October 3, I decided to buy the $4050 put on the NDX. (more…)