Oct 222009
A quick belated follow-up on my earlier Sugar trade. I actually did quite well on this one, as I adjusted the trade – converting it from naked short calls into a debit spread. Somewhat risky, but it can work out quite well at times when a market is strongly trending. In this case, I ended up closing the trade with around 30% more profit than I would have if the original premium collection strategy had worked out. The ability to adjust your positions on the fly can be very useful at times