Trades for the day.
Well, the job market reports came out this morning, and it made for an interesting day of trading. As I was walking out the door, my father called. He was unable to pull up Wizetrade ( a tool we use in trading). I checked the computer. The Q’s had tanked. I did my research last night, and I knew if the job forecast was strong we’d move up a little bit. However, America now has 55,000 less employed putting unemployment at 5.7%. This had an adverse effect on the market, oops. (On a side note, I can now understand why I can’t get a job, 8 months straight with job losses!) We bought QQQQ call option .QQQIS for 1.58 x 10 contracts and 1.63 x 30 contracts. We then sold at 1.79 x 40 contracts. After fees and bullshit, we made $598.00. Not bad. In other news, I am officially a grad student. “non-degree seeking” haha.
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You’re currently reading “Trades for the day.,” an entry on The Propaganda of Me
- Published:
- August 1, 2008 / 8:09 pm
- Category:
- Uncategorized
- Tags:
- financial, grad school, options, stocks
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