Monday, November 03, 2008
Sell to Close - 1 POT 80 Nov Call @ 11
This wasn't a very smart trade... I'm just glad to break-even on this. I should stick to selling options instead.
Labels: POT
Monday, October 20, 2008
Buy to Open - 1 POT 80 Nov Call @ 11
This could be strong above 80. I usually don't like holding options overnight these days, so lets see how this works out.
Labels: POT
Saturday, February 16, 2008
Still no clear direction
Well the IBD 100 list has highlighted a few stocks that could be in a buyable range. But they're still very cautious about the market.
The market still could go either way. I'm still finding it difficult to hold short term trades for more than a day. The moves are too volatile for me to handle.
Here are a few charts that I'll be watching... US Markets will be closed on Monday for President's Day.
The market still could go either way. I'm still finding it difficult to hold short term trades for more than a day. The moves are too volatile for me to handle.
Here are a few charts that I'll be watching... US Markets will be closed on Monday for President's Day.
Labels: DSX, GS, POT, SID, SPY
Saturday, January 26, 2008
A few charts for next week
It's still a pretty tricky environment to trade. When things look like the market will go up, it goes down and vice versa. Most of the charts that I'm seeing look like they're running into resistance, which were prior support areas. Here are a few charts that I felt could be worth looking into...
Labels: GS, HERO, JCP, ma, POT, RIMM
Sunday, December 09, 2007
A few charts
A few charts worth looking at. All long recommendations. But the Fed decision will obviously be something to watch out for.
Labels: amzn, BUCY, ma, pcln, POT
Tuesday, December 04, 2007
Sell - 2 POT Dec 125 Call @ 6.30 (Bought @ 5.95 avg)
Sold this around 125. It was trading in a range, with 125 being resistance. The market was also showing some weakness during this time.
Buy - 1 POT Dec 125 Call @ 5.50
Bought this when POT fell from 126 to 123 in a few minutes. I was anticipating an oversold bounce.
Labels: POT
Monday, December 03, 2007
Buy - 1 POT Dec 125 Call @ 6.40
Bought this on a bounce off of support @ 124. It kept oscillating around this level throughout the day though. I'll look to keep a tight stop on this one, this stock has the potential of going out of hand very quickly.
Labels: POT
Tuesday, November 06, 2007
POT
I traded POT today, bought one option mid-afternoon, sold it towards the end of the day. I'm still cautious with the current market so didn't want to hold it overnight. One thing I liked about this trade was that my bid was matched and so was my ask. Usually it happens the other way around for me. So at least I was able to make money off of the spread... which usually for these options could be around 50 bucks.
I bought this for 9.40, sold for 10.40.
POT still looks to be consolidating the huge move it made a few days ago. This could break out above 124.
Saturday, October 27, 2007
Sell - 1 POT Nov 100 Call @ 18.50 (Bought @ 14.40)
Finally got rid of this one. I had 2 positions on this, one which I sold for a loss, this one for a gain. The average gain was about 70 bucks, after commissions it was around 40. Was this gain worth the pain and agony? Neope ... :) Did it make me wiser? Hopefully.
Few things I learnt from this-
1. Don't hold options through earnings, unless it's an earnings specific play.
2. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
Few things I learnt from this-
1. Don't hold options through earnings, unless it's an earnings specific play.
2. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
Thursday, October 25, 2007
POT
Wow .. what the heck was that .. nearly a 20 dollar intra-day move .. I was lucky I was busy with meetings all morning, else I would've definitely sold in panic. I did get out of the meeting for a few minutes to check up on this position .. Down 1K at the open. Not a good feeling. Just walked away from my computer.
I stopped back again in the afternoon put a mental stop below 104, was getting ready to sell the position. Just a minute or so after, it had one of the most phenomenal runs I've ever seen. Still can't figure out the reason, but once it started, a short squeeze must've taken over. Volume on the upside was huge. At one time I remember seeing the spread 12.50/15.00.. scary. I'm still holding onto the position.
I'm not out of the woods yet, but will try to be more careful and not let the position run away from me. One lesson I've learnt though, never trade straight calls or puts on something this volatile... the heart ache is just not worth it.
Labels: POT
Wednesday, October 17, 2007
Sell - 1 POT Nov 100 Call @ 12.80 (Bought @ 16.20)
Yep, now I know why I had 'Don't average down' in my rules. It doubles the pain when the stock goes against you. My timing on this trade has been completely off. Right now, IMO, it looks oversold, which would be a good time to add this... but too scared to do it at the moment.
The other thing is options expiration on Friday. This could get pinned to either 105 (ouch) or 110.
The other thing is options expiration on Friday. This could get pinned to either 105 (ouch) or 110.
Saturday, October 13, 2007
Buy - 1 POT Nov 100 Call @ 16.20
Bought this on a breakout of around 113.50 .. but it soon hit a wall at 114. One thing I need to work on is to put in a bid and wait for it to get hit. I usually just match the Ask at the time, and I lose money on the spread itself.
Looking at the POT chart with my bullish goggles on, does that look like a cup and handle ?? This could be strong on a good break of 114.
Looking at the POT chart with my bullish goggles on, does that look like a cup and handle ?? This could be strong on a good break of 114.
Labels: POT
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, July 16, 2007
Sell - 1 POT Aug 75 Call @ 11.4 (Bought @ 9.00)
Sold this on a break of 85.50. Markets were looking weak at that point.
Labels: POT
Saturday, July 14, 2007
Buy - 1 POT Aug 75 Call @ 9.00
Bought this a little above a break of 82. Could this possibly be a breakout for POT? Volume was pretty good.
Labels: POT
Thursday, June 14, 2007
Sell - POT July 70 Call @ 7.80 (Bought @ 6.80)
The markets looked overbought to me. Wanted to book a profit on this one.
Labels: POT
Wednesday, June 13, 2007
Buy - POT July 70 Call @ 6.80
Bought POT on a break of 75. It held 75 today. Let's see if it it can hold it :)
Still holding on to CAL .. one of my dumbest trades.. but I guess RIG made up for it today.
Still holding on to CAL .. one of my dumbest trades.. but I guess RIG made up for it today.
Labels: POT
