Wednesday, August 29, 2007
Buy, Sell - 1 AAPL Oct 120 Call @ 17.80 (Bought @ 17.40)
This was a quick late day trade, but as usual, could've got more had I been a little more patient. Why can't I cut my losses like this instead of cutting my profits!
Tuesday, August 28, 2007
Sell - 3 QCOM Oct 37.50 Call @ 2.55 (Bought @ 2.45)
Made 10 bucks on this trade after commissions .. yipeeee!
Saturday, August 25, 2007
Buy - 3 QCOM Oct 37.50 Call @ 2.45
This broke resistance @ 38. I normally wouldn't have bought calls so close to the money, felt like gambling I guess..
Labels: QCOM
Buy, Sell - 1 DRYS Oct 60 Call (Bought @ 8.50, Sold @ 9.00)
It looked strong above 64. Got rid of it towards the end of the day. It's moved big the past few days..
Labels: DRYS
Thursday, August 23, 2007
Buy - 1 AKAM Nov 45 Put @ 14.40
Bought this a little after it broke, IMO, support around the 31 area. It did close below that, so we'll see how this one works out. I think I'll close this above 32.
Labels: AKAM
PLCE
Wednesday, August 22, 2007
Sell - 1 AAPL Oct 125 Call @ 13.50 (Bought @ 11.30)
Sold this when the market looked to me like it was running into resistance. AAPL did go lower after I sold it, but the late day rally did push it back up again.
Tuesday, August 21, 2007
Buy - 1 AAPL Oct 125 Call @ 11.30
I'm not sure why I opened this position knowing fully well it's heading into resistance around the 129-130ish area. It just looked strong to me in a flat market. It moved sideways the whole day after I purchased it though.
Labels: AAPL
Monday, August 20, 2007
Support becomes Resistance?
The markets just aren't looking confident to me. I'm seeing a lot of charts going up on low volume and about to run into resistance. I think traders might be waiting to go short at the right time ...
Here are just a few charts, but if you look at many others, they look very similar.
SGP
DIA
ICE
Here are just a few charts, but if you look at many others, they look very similar.
SGP
DIA
ICE
Tuesday, August 14, 2007
Options vs Stocks
I'm getting a little jittery trading options these days. Too volatile and the spreads are getting huge.
I had never shorted a stock before, always bought Puts, this time I tried one. JOYG. Shorted it close to 48 yesterday. It looked like a pretty good resistance level. Just wondering, if I had bought puts if I still would have held on to them.
So just thinking, until the markets settle down a bit, I might stay out of options for some time.. and then again, I'll forget all about this post first thing tomorrow morning :)
Labels: JOYG
Sell - 1 GS Sep 185 Put @ 17.70 (Bought @ 14.10)
Hmmm.. damn these itchy fingers.. as usual, sold too soon. Oh well, at least I didn't sell it for a loss :)
Markets could bounce from here huh?
Markets could bounce from here huh?
Monday, August 13, 2007
Buy - 1 GS Sep 185 Put @ 14.10
Bought this on a retest of 180 after it went below 180. It actually went well above that after I purchased this Put, but I held on... Let's see how this one goes..
Labels: GS
Sell - 1 SHLD Sep 130 Put @ 4.20 (Bought @ 7.90)
Thursday, August 09, 2007
PLCE
I missed a good entry point on this one (Below 34). Was following it closely, but got called away from my desk. When I got back, it had already fallen down far enough for me to lose interest. But after looking at a daily chart, this still could be a good short below 31.
Labels: PLCE
Position Update - SHLD
My timing on the entry was pretty bad. I didn't close it (fortunately) when it went above 135-136 which I felt was resistance. I was down about $450 on this a day or so ago. I was literally within 10 cents of selling it. Well, good thing for me this came down today. I'm still down about 100 bucks or so.
The chart might be at a make or break spot right now. It could form a double bottom and take it higher, or it can break support at 129.50ish area and go lower. We'll see what happens. I'll keep my stop tight on this one.
Labels: shld
Wednesday, August 08, 2007
Buy, Sell - 1 POT Sep 90 Call @ 7.20 (Bought @ 7.00)
This was a lucky escape. POT looked good to me breaking, IMO, resistance @ 92, and the market was looking good. In hindsight, I don't think the bar at which I bought it was a good buying point, since it's got a long upper shadow. I decided to sell it when I saw the Dow lose 60 points in quick time and POT looked like it made a double top. After commissions, I made 5 bucks on this trade :) Oh well, better than holding it and having a 150 buck paper loss.
It's a weird market out there..
Labels: POT
Monday, August 06, 2007
Buy - 1 SHLD Sep 130 Put @ 7.90
Not sure what I'm doing here.. I was too late to the AAPL long party and too late to the SHLD short party. Two big bad trades in a row...not good!
It's funny ... it's so easy to lose money so quickly, yet so difficult to make it back.
135-136 looked like support to me a few days ago, if it goes above that, I'll close this position.
It's funny ... it's so easy to lose money so quickly, yet so difficult to make it back.
135-136 looked like support to me a few days ago, if it goes above that, I'll close this position.
Labels: shld
Thursday, August 02, 2007
Watchlist for Aug 03
Adding these alerts...
GRMN above 98
AMZN above 80
WYNN above 102
MA above 145
FLR above 122
BA above 106.50
SHLD below 135
A few of these ideas came from the blogs whose links are on the left..
GRMN above 98
AMZN above 80
WYNN above 102
MA above 145
FLR above 122
BA above 106.50
SHLD below 135
A few of these ideas came from the blogs whose links are on the left..
Labels: amzn, ba, flr, GRMN, ma, shld, Watchlist, wynn
