Open: MORN (Morningstar Inc) Short Straddle

Credit to TheOptionsMonkey for finding this last night at our trading group.

I entered a short straddle this afternoon. The selected strike price of 65 worked out very well because of today's drop in price. I got a credit of +6.65.

We'll see what happens tonight in after hours trading and then tomorrow if there's any gain on this one.

MdrNate

This entry was written by Mr Nate and posted on Thursday, February 21, 2008 and filed under Bookmark the permalink . Follow any comments here with the RSS feed for this post . Post a comment ( in a new window )  

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American Market Watch

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Mr Nate
27 year old real estate investor. I'm a veteran house flipper with over 200 deals flipped, wholesaled, assigned or otherwise acquired. I've been a long time friend and student of Mojo (www.insanemoney.com) and am following his blog and teachings about stocks. This will serve primarily as my trade journal and I'll also be adding video tutorials and helpful information for other stock traders.
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