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Today is option expiry - also know as (aka) pay day

Firstly the Australian market got hammered today, it fell 70.4 points (down 1.11%) - in short the market lost about one week’s gain in 1 trading day! The best thing is that it doesn’t affect any of my open positions!

What my pay check for this month?

• LHG - made $854.70
• QBE - profit $1,190.60
• WPL - profit $890.60
• WBC - profit $785.90 (good thing I closed this one early yesterday!)
• ZFX - profit $450.38 (This is my Premium Cycle Stuff)
• NWS - rolled this out yesterday so more news on this next month

Pay Check for May: $4,172.18 - Net of brokerage before and interest and taxes (Obviously the Mr Costello and his mates at the ATO will get their fair share of this along with the bank who kindly lent me the money to do this)

Sad thing about all this is that I spent more time typing all this into my blog then I did making the trade! Hope you all have a great week! I’ll be looking for some trades next week to open for June expiry. If you have any optionable stocks that you think are good to do any of the strategies I useplease register and post on this blog.