Binary Options Trades For Monday 3-10-2014

We sure have been having an awful lot of these near net flat trading days in the last few weeks. Much more than usual. How to interpret that is the question, and one which we wouldn’t presume to answer for you. However, we have to say that despite our somewhat bearish macro outlook, this sure does look like a classic consolidation before run up situation. Though we won’t be putting any great deal of money behind that tentative analysis. Not yet at least. This should be a fairly informative week as far as where we might be going next, but we’ll just have to wait and see.

daily s&p500 index chart for 3-10-2014

 

As you can see in the S&P500 index chart above, US markets spent most of the day trying to recover the ground which was lost during a relatively sharp morning sell-off. And in the end they did quite a good job of it, with the S&P finishing less than a single point down, or -0.05%. About as close to flat as you can get. But enough about the markets, let’s talk about our trades.

opening of first S&P500 trade for 3-10-2014

We had a lot of other stuff on our plate today, unfortunately, and didn’t have much time for trading or analysis. We had about an hour of trading time in all, during which time we made just two trades. Fortunately, they were pretty good ones so it wasn’t a bad day overall. Both trades were on the S&P500 index, one of our favorite plays when the index is being cooperative. You can’t really see it in the image above, but our first trade was entered because the index was showing a great setup for its next leg up. If you go back up to the first chart, the daily S&P500 chart, we entered this trade at a 2:07 pm mark. In other words, we got in about perfectly, just prior to its next run up.

S&P500 Trade #1 Summary – High/Low Call Option

Trade Outcome: ITM
Entry Time / Expiry:
 18:07 / 18:30
Investment: $100
Returns Offered: 70%
Entry Rate / Expiry Rate: 1871.552 / 1872.830
Returns Received: $170.00
Profit/Loss: $70.00 Profit

near closing of final s&p500 index trade 3-10-2014

Our final trade of the day was made at the start of the next hour, after observing for about 30 minutes after expiry of the prior trade. After confirming to our satisfaction that the strong, short-run uptrend was intact, and highly likely to continue through the final hour of trading, we then purchased a very short-term high/low call option on the S&P, expiring in just over 15 minutes from the time of purchase. This was a pretty solid trade as well, and it was never really in any danger of finishing anywhere but safely ITM.

S&P500 Trade #2 Summary – High/Low Call Option

Trade Outcome: ITM
Entry Time / Expiry:
 19:13 / 19:30
Investment: $100
Returns Offered: 70%
Entry Rate / Expiry Rate: 1873.130 / 1874.100
Returns Received: $170.00
Profit/Loss: $70.00 Profit

Now at this point, with two very solid wins under our belt so far today, we would have been happy to keep trading on the S&P until it let us down. But alas, we had run out of time and the closing bell approached. So rather than get rushed and sloppy, we decided to just call it a day, and quit while we were ahead with our perfect 2-for-2 record.

daily traderush investments history for 3-10-2014

 

Daily Investments History Totals For 3-10-2014

Trades Made: Two (2) Standard High/Low Binary Options
Trade Outcomes:
 Two (2) ITM
Total Investments: $200.00
Total Returns Received: $340.00
Total Daily Profit/Loss: +$140.00 Total Daily Profit
Daily ROI: +70.0% Daily ROI

Not bad for about 15-20 minutes “work” eh? More trading time probably would have been better considering that today’s indices traded just the way we like them to. But who knows, maybe it would have been worse. We’ll take what we got and be happy with it though. And we are definitely looking forward to watching developments over the rest of the coming week. They should be both informative and interesting days to watch. And watch them we will. See you next time, and stay safe out there!

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