trading Ibm for profit using leap calls and puts

Ok the 10th of sept came and went and I bm followed trend and was up on the 10th.

I bought Ibm leap puts on 9/10 for 730 a contract and was able to sell them yesterday on 9/16

at 850 a contract for an approx 18% return.

We are now looking for a down point of 108-110 in my opinion.


be aware ibm may be at bottom for this year only as the primarys are 4 oct and the election is early nov

This may cause the repubs to have their rich backers run up the market,so they can claim a short term gain and brag how great they run the country. NOTTTT.