Sep 232014
 

– SOLD NUE 100 OCT 14 58 CALL @.53
Shorting NUE. Seems way over-bought to me. Cycles look toward the down side and other industrial’s are all looking downward too. It’s at all-time highs following a steep rally, which NUE doesn’t usually move to fast or far.  It’s also dropping below it’s 7 day moving average.

9/25/14 – BOT NUE 100 OCT 14 58 CALL @.25
If you consider I paid .25 and sold it at .50 that’s %100 profit (after commissions). Stoked!  I want to make more of these on the way down but this could be another bear trap so I’ll be reloading here soon, I hope…

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!