AMGN is in Long_Pending mode and will reverse Long at 1:30 pm (EDT) if trading above $173.36. If triggered we will be buying the October $175 calls, currently trading at about $3.70. The current AMGN trade is a perfect example of how our new trailing profit-taking exit strategy works to minimize losses and maximize gains. We exited the current Short trade's puts on August 22nd with a gain of about 15%. Right now those puts are trading at a loss of 30%. In other words, without trailing profit-taking we would have a 30% loss on our books, with it we have banked a 15% gain and are in cash, waiting for the next trade. Now leverage that difference across 6-8 trades per month times 12 months per year.
