January Trades, continued

Trades:

• Cancelled order of 2 contracts of BAC at 7.15.
• Queued order of 2 contracts of ACHN at 9.20. Will be 359.18 into margin at 4.5%/annum.
• If filled, will queue a Sell to Open ACHN Strike 10.00. Closing price was 0.85, which would be 8.57% if it expires worthless.
• Will then queue a Buy to Close ACHN Strike 10.00 at Limit 0.27 to secure 5.00% ROI.

Gut Check:

• Price of BAC still too far out and the volatility is too low to see much profit. Too much speculation, too much watching the market. This isn't my trading strategy! Cancelled the buy order at 7.15
• I went back to looking at the volatile stock list instead of the Weeklys list, and back to my strategy of "now". If it is profitable NOW, then I enter the trade, and not look back.
• Also thinking of putting Buy to Close orders to catch the market when it's down and securing profit as well as holding onto the stock. I can then put back a higher Sell to Open order. But that's speculating again. Hmm...
• Will have to remember to watch pre-market prices for ACHN!