Thursday, September 27, 2007
Sell - 1 GME Oct 45 Call @ 12.20 (Bought @ 7.30)
Tuesday, September 25, 2007
SHLD
I bought a Put on this a couple of months ago, but it bounced off of support at that time and I closed that position with a loss. It looks like SHLD might have broken down below support now. I'm seeing a head and shoulders. It could be a good short.. especially if it can retrace to the 128-130ish support area
Labels: shld
Monday, September 24, 2007
ABB
This is a pretty good looking inverted head and shoulders pattern. It looks a little extended to me right now, but a pullback to maybe around the 25 area could be a good entry point.
Labels: ABB, Inverted H and S
Thursday, September 20, 2007
Sell - 1 GME Oct 45 Call @ 9.40 (Bought @ 6.40)
Took profits on one. Still holding the other.
Tuesday, September 18, 2007
Buy - 1 GME Oct 45 Call @ 7.30
Added to my previous position. Bought this a couple of days ago. This has closed above, what seems to me, resistance at 52. Let's see how bullish that is. I was disappointed that it didn't move as much as I would've liked today.
Labels: GME
Tuesday, September 11, 2007
WMT
Buy - 1 GME Oct 45 Call @ 6.40
Bought this on a break of 50. It oscillated around that level the rest of the day though.The volume could have been better..
Labels: GME
Monday, September 10, 2007
Trading Rules
1. Buy options that have at least 3 months expiration on them. One month expirations are a bit too volatile for me.
2. Don't fight the trend.
3. Respect stop loss. I'm thinking of keeping it around 20% for options.
4. Don't average down.
5. Don't let day trades become swing trades.
6. Don't hold options through earnings, unless it's an earnings specific play.
7. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
2. Don't fight the trend.
3. Respect stop loss. I'm thinking of keeping it around 20% for options.
4. Don't average down.
5. Don't let day trades become swing trades.
6. Don't hold options through earnings, unless it's an earnings specific play.
7. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
Labels: Rules
Sell 1 AAPL Oct 135 Put @ 6.70 (Bought @ 10.10)
Painful.. Never let a day trade become a swing trade, never let a trade become an investment..
Damn.. now I'm going to have to work extra had just to get my money back!
Damn.. now I'm going to have to work extra had just to get my money back!
Labels: AAPL
Sunday, September 09, 2007
Buy 1 AAPL Oct 135 Put @ 10.10
I think I might have reached a little late for the AAPL bear party. This was supposed to be a day trade, but decided to hold on to it. It looks like it's printed a hammer like pattern, which could be bullish. Let's see how this one goes..
Labels: AAPL
Thursday, September 06, 2007
Current Positions
Sell 1 AAPL Oct 140 Call @ 12.10 (Bought @ 11.50)
Sold this yesterday, when AAPL was still green in anticipation of the meeting, but the markets were down decently big. AAPL has wide moves during these meetings, didn't want to hold through that. Lucky escape I guess...
Tuesday, September 04, 2007
PAYX
PAYX has been trying hard to get past 45. Today it finally did, and closed above it. Volume was good too. Could be bullish.
Labels: PAYX
Buy 1 AAPL Oct 140 Call @ 11.50
I've been in and out of AAPL options so much that I'm missing out on pretty decent profits! It sucks! Was thinking of getting rid of this one a little after I bought it for a quick profit, but decided to hold on. In hindsight, should've sold it, since it backed off of the highs in the last half an hour.
Let's see if they have some good news tomorrow.
Let's see if they have some good news tomorrow.
Labels: AAPL
