With a bunch of trades closed, this week was good one for profits.
Over 3.5% realized seems a bit over, but so it is real.
There were some positions – Ford at AT&T – that were planned as a wheel trade. Most of them had been closed ahead of time.
I want to profit from time decay, so I plan my trades in that way. I have a time horizon in mind, when I open a trade. So maybe, I think to close a trade at 50% profit. And then, the position decays faster. And if thats the case, I close the position earlier.
That happend several times this week. And I like that.
I also opened a position in APA at a 25 strike. And short after, it dropped in the money. And that’s ok, because I choose it as a underlying that I can own.
Let’s see how it plays out next weeks.
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