Weekend update...diary of an option trader

In order to clarify how profits can be made from the market via options the following chart helps to explain the diary of last four trades. Notice trades were fired off at r1 and s1 levels and pivots are used to gauge the very short term trends. You can see the pivots are still sloping down that means further down trend is expected until proven otherwise. Longs are closed out at r1 or higher and shorts were closed out at s1 or lower.

Here's the summary of approximately how the last four trades were done using one OEX contract as an example.

Feb 19, Mar OEX 630 put, 18-22, $400 profit
Feb 20, Mar OEX 620 Call, 16-21, $500 profit
Feb 21, Mar OEX 630 put, 18-22, $400 profit
Feb 22, Mar OEX 620 put, 16-20, $400 profit

Now you can imagine, the effect of mulitplier if you have multiple contracts. You can also visiualise how the next day's plan is. This perhaps will clarify why just numbers are mentioned day after day and this is not so boring after all and is actually very exciting if you have money in your pocket everyday.

2c