Thursday, September 27, 2007


Sell - 1 GME Oct 45 Call @ 12.20 (Bought @ 7.30)

Bloody downgrade.

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Tuesday, September 25, 2007



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


Monday, September 24, 2007



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.

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Thursday, September 20, 2007


Sell - 1 GME Oct 45 Call @ 9.40 (Bought @ 6.40)

Took profits on one. Still holding the other.

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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.


Tuesday, September 11, 2007



This could be a possible short at these levels ..



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..


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.



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!


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..


Thursday, September 06, 2007


Current Positions

Sell to Open - 1 DIG 29 Put @ 1.30



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...

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Tuesday, September 04, 2007



PAYX has been trying hard to get past 45. Today it finally did, and closed above it. Volume was good too. Could be bullish.



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.


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