Would you like a 17% one day return?
That’s what one of my members got today. He actually did much better than I did. I am still in this trade. He was able to get in at a much better price than I did yesterday and already exited the trade today.
The trade is a butterfly on IBM. For members, it is May Trade #2
I got into the trade for a debit of 1.24, but this member got in at 1.15. For 4 contracts his cost was $460.
He sold the butterfly and exited the trade for 1.35 today. That’s a gain of $80 and a return of 17.39% – in one day!
I myself am up a little less than 10% so far. Hopefully I too will be out in a couple more days with a nice double digit gain.