Sold'em. Think YHOO's too stupid to be bought out and the stock isn't acting right.
No more positions going into the weekend.....
Boy that felt good to say.
Equity value of the portfolio about 1980 or 1990. About a 150% return over the past 2 months.
Time for some much needed vacation.
WEEEEEEEEEEEEEEEEEEEE
God Bless
Friday, October 31, 2008
Out rest of VOXX @ 5.67
Probably still conservative but I want to quite for a while....take a break and enjoy life.
Account gonna be probably 1980 lol....
just shy of 2k and that 150% return over 2 months.
Should be a clean P&L statement to get me a job though.
Account gonna be probably 1980 lol....
just shy of 2k and that 150% return over 2 months.
Should be a clean P&L statement to get me a job though.
Market 983....
Upside continues. Knew it when I sold SSO but really want to take a break from all this soon. SPX gunning for at least 1k I think.
VOXX @ new highs and YHOO moving higher too. I'll be out by the end of the day of everything.
VOXX @ new highs and YHOO moving higher too. I'll be out by the end of the day of everything.
Out 1/2 VOXX @ 5.50
Moved stop up as well to 4.90.
24% return using the "fundamental" approach. (Hardly ever fails:) )
24% return using the "fundamental" approach. (Hardly ever fails:) )
Sold SSO, VOXX rockin
Sold SSO @ 31.73. I still think there's more upside for a while but I'll just stick to my equity longs. Really looking to take a few weeks off pretty soon so we'll see. (27% return on that long)
VOXX @ 5.56.
Account @ 1940 and probably @ 1980-2000 by end of day hopefully.
-Dan
VOXX @ 5.56.
Account @ 1940 and probably @ 1980-2000 by end of day hopefully.
-Dan
Thursday, October 30, 2008
Added to VOXX
Picked up 20 more @ 5.06. Gotta recalc avg. Sold by accident 20 @ 5.05
EDIT: AVG 4.65 stop @ 4.7
EDIT: AVG 4.65 stop @ 4.7
Positions:
Symbol Quantity Avg Price Last P & L % P & L Market Value
SSO 10 $25.05 $30.78 $57.30 22.87% $307.80
VOXX 40 $4.45 $5.02 $22.80 12.81% $200.80
YHQKC 1 $0.78 $0.77 $-1.00 -1.28% $77.00
SSO 10 $25.05 $30.78 $57.30 22.87% $307.80
VOXX 40 $4.45 $5.02 $22.80 12.81% $200.80
YHQKC 1 $0.78 $0.77 $-1.00 -1.28% $77.00
Changed my mind on YHOO
Sold the 17's @ .40 and bought the 15's back @ .78.
Putting a stop in.....I found my balls :)
YHOO going to 14 IMO at least
Putting a stop in.....I found my balls :)
YHOO going to 14 IMO at least
YHOO calls up a ton
Puts me back into the black on the $15 (+200% move today). Sold it @ .80 for a small gain. IV is way up on them in addition to the 6% move. Takeover rumors running this thing right now.
$17 calls up 300% today to .44. Gonna hold onto these ones for a bit and hope the 15's fall. Gonna pick them back up.
IMO this thing is gonna get bought out.
SSO up today and so is VOXX as well. VOXX cracked $5 and IMO gonna move to at least 6 on valuation.
Execution
10/30/2008 12:53 PM $80.00 Sold 1 YHQKC@ $0.80 Details
$17 calls up 300% today to .44. Gonna hold onto these ones for a bit and hope the 15's fall. Gonna pick them back up.
IMO this thing is gonna get bought out.
SSO up today and so is VOXX as well. VOXX cracked $5 and IMO gonna move to at least 6 on valuation.
Execution
10/30/2008 12:53 PM $80.00 Sold 1 YHQKC@ $0.80 Details
Wednesday, October 29, 2008
Closed 2/3 SSO....waiting for GDP
Sold 20 @ 29.70 for decent gains. Still holding 10 until GDP #'s. Then I may add.
Still holding VOXX up on that as well (valuation with 50% discounted Rec. and Inventory puts it @ 6).
On a side note ETN haha. Calls up to 1.60 today sold'em @ .35...haha. Ah well.
Only option position left is YHOO. Bought because of a possible buyout (15 and 17 calls). Now rumors out AOL looking at merging with YHOO and im sure MSFT not gonna sit on the sidelines. Lookin for a bidding war on that one.
Account now @ 1850 +137% from Sept.
Still holding VOXX up on that as well (valuation with 50% discounted Rec. and Inventory puts it @ 6).
On a side note ETN haha. Calls up to 1.60 today sold'em @ .35...haha. Ah well.
Only option position left is YHOO. Bought because of a possible buyout (15 and 17 calls). Now rumors out AOL looking at merging with YHOO and im sure MSFT not gonna sit on the sidelines. Lookin for a bidding war on that one.
Account now @ 1850 +137% from Sept.
Tuesday, October 28, 2008
@ the CBOE today
Did a mock trading session and learned some stuff from ETRD. A lot of fun. Helped me to hold onto that SSO position.
Raped SSO today
In SSO 30 @ $25. Closed $30.
Sold ETN .35, AA .22, and UYG .30 lol. What a joke. Kinda sucks but the gains on SSO are nice.
Current positions.....
Symbol Quantity Avg Price Last P & L % P & L Market Value
SSO 30 $25.05 $29.89 $145.20 19.32% $896.70
VOXX 40 $4.45 $4.54 $3.60 2.02% $181.60
YHQKC 1 $0.60 $0.28 $-32.00 -53.33% $28.00
YHQKR 1 $1.00 $0.10 $-90.00 -90.00% $10.00
Sold ETN .35, AA .22, and UYG .30 lol. What a joke. Kinda sucks but the gains on SSO are nice.
Current positions.....
Symbol Quantity Avg Price Last P & L % P & L Market Value
SSO 30 $25.05 $29.89 $145.20 19.32% $896.70
VOXX 40 $4.45 $4.54 $3.60 2.02% $181.60
YHQKC 1 $0.60 $0.28 $-32.00 -53.33% $28.00
YHQKR 1 $1.00 $0.10 $-90.00 -90.00% $10.00
Monday, October 27, 2008
Pilots run out of fuel, pray, land near Jesus sign
haha that's awesome
http://www.msnbc.msn.com/id/24765324/
WELLINGTON, New Zealand - It seemed like an almost literal answer to their prayers. When two New Zealand pilots ran out of fuel in a microlight airplane they offered prayers and were able to make an emergency landing in a field — coming to rest right next to a sign reading, "Jesus is Lord."
Grant Stubbs and Owen Wilson, both from the town of Blenheim on the country's South Island, were flying up the sloping valley of Pelorus Sound when the engine spluttered, coughed and died.
"My friend and I are both Christians so our immediate reaction in a life-threatening situation was to ask for God's help," Stubbs told The Associated Press on Wednesday.
He said he prayed during the ill-fated flight Sunday that the tiny craft would get over the top of a ridge and that they would find a landing site that was not too steep — or in the nearby sea.
Wilson said that the pair would have been in deep trouble if the fuel had run out five minutes earlier.
"If it had to run out, that was the place to be," he said. "There was an instantaneous answer to prayer as we crossed the ridge and there was an airfield — I didn't know it existed till then."
After Wilson glided the powerless craft to a landing on the grassy strip, the pair noticed they were beside a 20-foot-tall sign that read, "Jesus is Lord — The Bible."
"When we saw that, we started laughing," Stubbs said.
Nearby residents provided them with gas to fly the home-built plane back to base.
http://www.msnbc.msn.com/id/24765324/
WELLINGTON, New Zealand - It seemed like an almost literal answer to their prayers. When two New Zealand pilots ran out of fuel in a microlight airplane they offered prayers and were able to make an emergency landing in a field — coming to rest right next to a sign reading, "Jesus is Lord."
Grant Stubbs and Owen Wilson, both from the town of Blenheim on the country's South Island, were flying up the sloping valley of Pelorus Sound when the engine spluttered, coughed and died.
"My friend and I are both Christians so our immediate reaction in a life-threatening situation was to ask for God's help," Stubbs told The Associated Press on Wednesday.
He said he prayed during the ill-fated flight Sunday that the tiny craft would get over the top of a ridge and that they would find a landing site that was not too steep — or in the nearby sea.
Wilson said that the pair would have been in deep trouble if the fuel had run out five minutes earlier.
"If it had to run out, that was the place to be," he said. "There was an instantaneous answer to prayer as we crossed the ridge and there was an airfield — I didn't know it existed till then."
After Wilson glided the powerless craft to a landing on the grassy strip, the pair noticed they were beside a 20-foot-tall sign that read, "Jesus is Lord — The Bible."
"When we saw that, we started laughing," Stubbs said.
Nearby residents provided them with gas to fly the home-built plane back to base.
Stopped out of SSO
Out @ 26.13 for about a 1pt loss. ($20) hah. Gotta love stops. Holding onto the rest as the stops haven't been hit. I'm going to be taking some losses tomorrow though.
Executions
10/27/2008 2:52 PM $522.60 Sold 20 SSO@ $26.13 Details
10/27/2008 1:47 PM $-45.00 Bought 1 UUFKM@ $0.45 Details
10/27/2008 1:18 PM $-541.60 Bought 20 SSO@ $27.08 Details
10/27/2008 1:08 PM $-178.00 Bought 40 VOXX@ $4.45 Details
10/27/2008 12:57 PM $-33.00 Bought 1 AAKA@ $0.33 Details
Positions:
AAKA Alcoa Inc. Common Stock
$12.50 CALL 11/22/2008 1 $0.33 $0.25 $-8.00 -24.24% $25.00 Trade Details Quote
ETNKJ Eaton Corporation Common Shares
$50.00 CALL 11/22/2008 1 $0.30 $0.40 $10.00 33.33% $40.00 Trade Details Quote
UUFKM ProShares Ultra Financials
$11.00 CALL 11/22/2008 1 $0.45 $0.35 $-10.00 -22.22% $35.00 Trade Details Quote
VOXX Audiovox Corporation 40 $4.45 $4.29 $-6.40 -3.60% $171.60 Trade Details Quote
YHQKC Yahoo! Inc.
$15.00 CALL 11/22/2008 1 $0.60 $0.23 $-37.00 -61.67% $23.00 Trade Details Quote
YHQKR Yahoo! Inc.
$17.00 CALL 11/22/2008 1 $1.00 $0.13 $-87.00 -87.00% $13.00 Trade Details Quote
Executions
10/27/2008 2:52 PM $522.60 Sold 20 SSO@ $26.13 Details
10/27/2008 1:47 PM $-45.00 Bought 1 UUFKM@ $0.45 Details
10/27/2008 1:18 PM $-541.60 Bought 20 SSO@ $27.08 Details
10/27/2008 1:08 PM $-178.00 Bought 40 VOXX@ $4.45 Details
10/27/2008 12:57 PM $-33.00 Bought 1 AAKA@ $0.33 Details
Positions:
AAKA Alcoa Inc. Common Stock
$12.50 CALL 11/22/2008 1 $0.33 $0.25 $-8.00 -24.24% $25.00 Trade Details Quote
ETNKJ Eaton Corporation Common Shares
$50.00 CALL 11/22/2008 1 $0.30 $0.40 $10.00 33.33% $40.00 Trade Details Quote
UUFKM ProShares Ultra Financials
$11.00 CALL 11/22/2008 1 $0.45 $0.35 $-10.00 -22.22% $35.00 Trade Details Quote
VOXX Audiovox Corporation 40 $4.45 $4.29 $-6.40 -3.60% $171.60 Trade Details Quote
YHQKC Yahoo! Inc.
$15.00 CALL 11/22/2008 1 $0.60 $0.23 $-37.00 -61.67% $23.00 Trade Details Quote
YHQKR Yahoo! Inc.
$17.00 CALL 11/22/2008 1 $1.00 $0.13 $-87.00 -87.00% $13.00 Trade Details Quote
Picked up SSO and AA calls
Strait SSO position and AA calls. Went ultra S&P for some leverage.
Long VOXX too because of valuation.
Long VOXX too because of valuation.
Why is PNC using bailout money to buy National City?
I thought this was so companys to increase liquidity and prevent failures lol.
Are they really that serious/stupid? What a joke.
Are they really that serious/stupid? What a joke.
MS lower on capital outflows
People are pulling their money from the bank. Outflows were $46 billion from money market funds. In addition there's very little support on the chart for any buying. Looks like it should drift lower.
$14.30 at the moment. Probably should have held those puts but wanted some time off.
$14.30 at the moment. Probably should have held those puts but wanted some time off.
Sunday, October 26, 2008
Market gapping down A/H
If it does, it's very likely we break Fri's lows which pretty much sends the market into a free-fall on stops.
If I had bigger balls I woulda held onto my MS puts...apparently MUFG just did another equity placement to raise cash. MS probably on the same track and explains the high volume on $12.5 puts last week. Fuckers.
Ah well.
If I had bigger balls I woulda held onto my MS puts...apparently MUFG just did another equity placement to raise cash. MS probably on the same track and explains the high volume on $12.5 puts last week. Fuckers.
Ah well.
Friday, October 24, 2008
Account equity: 1700+
Started the account with 800 about a month and a half ago. Now @ about 1700+ prolly 1750.
Not too bad. Need to start enjoying some of these profits.
900 is nothing though. Feel like I'm wasting my time
Not too bad. Need to start enjoying some of these profits.
900 is nothing though. Feel like I'm wasting my time
Looks like it worked out well
Market should have followed thru to the downside IMO. Got a good break by getting out of those puts. Covered because of pure fear. Market could gap up Mon. I'm positioned for it so I'm hoping that's the case.
ETN calls look great and AA calls do too.
God Bless and enjoy the weekend.
ETN calls look great and AA calls do too.
God Bless and enjoy the weekend.
Screw it....out of all Puts
Not gonna trade the system as planed. Good or bad....we'll see I guess.
Executions:
10/24/2008 10:51 AM $240.00 Sold 1 MSWC@ $2.40 Details
10/24/2008 09:54 AM $61.00 Sold 1 YHQWB@ $0.61 Details
10/24/2008 09:37 AM $105.00 Sold 1 GMWA@ $1.05 Details
10/24/2008 09:30 AM $322.00 Sold 1 UALWV@ $3.22 Details
MS $1.35 gain, YHOO $.04 loss, GM $.40 gain, UAUA, $1.75 gain.
Executions:
10/24/2008 10:51 AM $240.00 Sold 1 MSWC@ $2.40 Details
10/24/2008 09:54 AM $61.00 Sold 1 YHQWB@ $0.61 Details
10/24/2008 09:37 AM $105.00 Sold 1 GMWA@ $1.05 Details
10/24/2008 09:30 AM $322.00 Sold 1 UALWV@ $3.22 Details
MS $1.35 gain, YHOO $.04 loss, GM $.40 gain, UAUA, $1.75 gain.
Out GM, UAUA
Blessed to be out of UAUA 13's now.
Holding MS just for the heck of it.
Executions today
10/24/2008 09:37 AM $105.00 Sold 1 GMWA@ $1.05 Details
10/24/2008 09:30 AM $322.00 Sold 1 UALWV@ $3.22 Details
Holding MS just for the heck of it.
Executions today
10/24/2008 09:37 AM $105.00 Sold 1 GMWA@ $1.05 Details
10/24/2008 09:30 AM $322.00 Sold 1 UALWV@ $3.22 Details
3 AM Friday
A/H futures showing a 400pt drop. This is the gap down i've been fearing. Very likely we crash tomorrow. Lots of longs got suckered into this "bottom".
This gap breaks all support and next area is sub sub 800 on ths SPX and prolly 7k on the DOW.
Gonna be interesting AM.
This gap breaks all support and next area is sub sub 800 on ths SPX and prolly 7k on the DOW.
Gonna be interesting AM.
Thursday, October 23, 2008
OPEC gonna cut
OPEC prez says a cut is coming. Reason I got into those puts. Commodity prices should move up with oil IMO.
A/H
YHOO was rockin. Probably on the MSFT earnings.
Market's not taking those as well as I'd imagined. Market is VERY VERY weak and IMO if we break this support we're gonna crash. Just too many suckers up here "thinkin" it's a bottom. It may work, but if it doesn't it's going to be trouble.
With that said...this COULD also be a bottom. That's why i'm doing a few strangles here.
Market's not taking those as well as I'd imagined. Market is VERY VERY weak and IMO if we break this support we're gonna crash. Just too many suckers up here "thinkin" it's a bottom. It may work, but if it doesn't it's going to be trouble.
With that said...this COULD also be a bottom. That's why i'm doing a few strangles here.
Puts up quite a bit
Picked up calls on ETN, AA. YHOO looks good A/H. Shorts are MS, UAUA (oil gonna go higher), and GM
here are the positions....not a bad day at all. Holding onto all gains. UAUA holding onto a nice winner here.
here are the positions....not a bad day at all. Holding onto all gains. UAUA holding onto a nice winner here.
Wednesday, October 22, 2008
New lows?
Everytime i've seen a stock/market bottom out like this, it usually breaks the lows and actually penetrate the previous support before finding a bottom. That means 800(-) on the SPX.
Gotta say i'm not too worried here with the puts.
Gotta say i'm not too worried here with the puts.
Puts worked out well
MS puts were up a bit, GM up a bit, UAUA off the highs. Setting a nice base.
YHOO still on the ledge with this thing. Bought some $15 calls to offset some downside
YHOO still on the ledge with this thing. Bought some $15 calls to offset some downside
Account @ $1,400 ALWAYS USE STOPS.....
Stopped out of a C long on Mon and was murdered on a YHOO $17 call I bought friday going into earnings (thought there would be a takeover). Bought a put before the YHOO earnings call ($10) strike and murdered on that. Lost about $130 overall. I shoulda used the stops on the YHOO puts I guess. Ah well. Live and learn.
Now enforcing a 35% stop on everything. Should keep it a bit more balanced.
Picked up a MS $15 put for $1.05 and a GM $5 put for $.66. Stops on both.
Current positions:
Now enforcing a 35% stop on everything. Should keep it a bit more balanced.
Picked up a MS $15 put for $1.05 and a GM $5 put for $.66. Stops on both.
Current positions:
Friday, October 17, 2008
Thursday, October 16, 2008
Tuesday, October 14, 2008
Inflation.....
Going to be a popular word once again. See it on the 10-year as Rick Santelli stated on CNBC.
Rates are going to move up once again.
Rates are going to move up once again.
Sold some stuff
Out C @ 18.44 from 13.829 1 IRA account
Out SLM @ 10.52 from 6.60 in the other IRA account. (still holding NCC actually from 2.10.
10/9/2008 SLM BOUGHT 100 SHARES OF SLM AT $6.5774 ($7.00) $0.00 ($664.74)
10/10/2008 SLM SOLD 50 SHARES OF SLM AT $7.0102 ($7.01) $0.00 $343.50
10/10/2008 NCC BOUGHT 50 SHARES OF NCC AT $2.10 ($7.00) $0.00 ($112.00)
(NCC....was almost out of free cash in the account)
These are NOT my accounts BTW. Just 2 IRA's I do for my parents. My cut is my mom washing my clothes and making my bed in the morning..... jk ;)
Out SLM @ 10.52 from 6.60 in the other IRA account. (still holding NCC actually from 2.10.
10/9/2008 SLM BOUGHT 100 SHARES OF SLM AT $6.5774 ($7.00) $0.00 ($664.74)
10/10/2008 SLM SOLD 50 SHARES OF SLM AT $7.0102 ($7.01) $0.00 $343.50
10/10/2008 NCC BOUGHT 50 SHARES OF NCC AT $2.10 ($7.00) $0.00 ($112.00)
(NCC....was almost out of free cash in the account)
These are NOT my accounts BTW. Just 2 IRA's I do for my parents. My cut is my mom washing my clothes and making my bed in the morning..... jk ;)
Monday, October 13, 2008
RE: Gapped up Mon +900 overall
Great day today. Saw this coming from a mile away last week Fri. Great move and picking up some calls tomorrow. We're bottomed for a while. Market should move up all week IMO.
Long SLM from 6.60 in an IRA and C from 13 something
Long SLM from 6.60 in an IRA and C from 13 something
Friday, October 10, 2008
Gap up Monday
Bottom is actually in off the '03 levels. Still have too much money in the system, but we'll see what happens with that later.
:) Gonna be a green week next week. Buying calls on Tues if they're not up too much.
:) Gonna be a green week next week. Buying calls on Tues if they're not up too much.
No trading for a day or 2
Got flagged Tues or Wed. for Pattern Daytrading and lost my BP. Will be online in the next few :)
7900 enough on the DOW?
Scraped the '03 levels. IMO not enough. Not enough money in the system.
They are going to throw EVERYTHING at this. Talk about inflation. You haven't seen ANYTHING yet.
Give it 6 months. What a mess we're going to be in. Beginning of the end guys. Well known hyperinflation is the last step to an economic collapse.
They are going to throw EVERYTHING at this. Talk about inflation. You haven't seen ANYTHING yet.
Give it 6 months. What a mess we're going to be in. Beginning of the end guys. Well known hyperinflation is the last step to an economic collapse.
Thursday, October 9, 2008
lol not even a chance...blew right thru that support
Sweet. Ah well. No longs yet. It's ugly guys. Next target is 7700. Futures down another 240pts A/H and Asia down 10%+.
WE
ARE
IN
DEEP
CRAP
WE
ARE
IN
DEEP
CRAP
RE: SLM toast
"Thursday, October 2, 2008
SLM toast
Student loan market gone too
Posted by Dan at 6:37 PM
"
Oct 9. SLM trades low 4's. Couldn't have been a better call on this.
SLM toast
Student loan market gone too
Posted by Dan at 6:37 PM
"
Oct 9. SLM trades low 4's. Couldn't have been a better call on this.
Posted this on xTrends last week Fri.....
""Dan said...
Hmmm. Going to go back over my charts here. Only saw 30 S&P as a likely possibility and 80 as a max before finding some support.
However, the style in which the market moved up provides a very weak base for ANY support. It's a rocket-sled down but we're going to have a pause and THEN the crash. Could be wrong though.
Regardless, great job Atilla.""
SLM going down the tubes too.
Guys it's the style in which the market moved up that's causing this. There's no support ANYWHERE and that's why we're seeing this happening. It's going to be a horrible market for the next week or so IMO.
Hmmm. Going to go back over my charts here. Only saw 30 S&P as a likely possibility and 80 as a max before finding some support.
However, the style in which the market moved up provides a very weak base for ANY support. It's a rocket-sled down but we're going to have a pause and THEN the crash. Could be wrong though.
Regardless, great job Atilla.""
SLM going down the tubes too.
Guys it's the style in which the market moved up that's causing this. There's no support ANYWHERE and that's why we're seeing this happening. It's going to be a horrible market for the next week or so IMO.
GM out @ 1.20 yesterday
A little over 100% on the option.
GM @ 5.50 (left another $100 on the table). Ah well. Coulda seen this coming.
Fed DID cut as well. But confidence is already broken. We're in trouble. BIG time. We should have printed a bottom yesterday but no such luck. I'm a little worried.
Account is at $1550 now. Almost doubled from $800.
Out of all my puts. Gonna take a vacation and relax.
Still holding the worthless calls in C, USB, and AMR.
I'm out for the day.
God Bless.
GM @ 5.50 (left another $100 on the table). Ah well. Coulda seen this coming.
Fed DID cut as well. But confidence is already broken. We're in trouble. BIG time. We should have printed a bottom yesterday but no such luck. I'm a little worried.
Account is at $1550 now. Almost doubled from $800.
Out of all my puts. Gonna take a vacation and relax.
Still holding the worthless calls in C, USB, and AMR.
I'm out for the day.
God Bless.
Tuesday, October 7, 2008
Stopped out GE option @ .24
Closed DRI .40 (E), 1 GM @ .72, TOL @ .45. GM the only put that's left
They're gonna cut IMO
They're gonna cut IMO
Positions
GM options doing great.....looking for mid 7's on the thing too.
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.10 $-25.00 -71.43% $10.00
CJE 2 $0.40 $0.13 $-53.00 -67.09% $26.00
DRIVX 1 $0.40 $0.45 $5.00 12.50% $45.00
GEWJX 1 $0.41 $0.33 $-8.00 -19.51% $33.00
GMVR 2 $0.49 $0.63 $28.00 28.57% $126.00
TEPVW 1 $0.45 $0.45 $0.00 0.00% $45.00
USBJH 1 $0.40 $0.10 $-30.00 -75.00% $10.00
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.10 $-25.00 -71.43% $10.00
CJE 2 $0.40 $0.13 $-53.00 -67.09% $26.00
DRIVX 1 $0.40 $0.45 $5.00 12.50% $45.00
GEWJX 1 $0.41 $0.33 $-8.00 -19.51% $33.00
GMVR 2 $0.49 $0.63 $28.00 28.57% $126.00
TEPVW 1 $0.45 $0.45 $0.00 0.00% $45.00
USBJH 1 $0.40 $0.10 $-30.00 -75.00% $10.00
Equity
$1540 as of last night (account almost doubled)
Took a loss though on the GE FRO options. Picked it up by accident.
In GE $24 calls though.
Took a loss though on the GE FRO options. Picked it up by accident.
In GE $24 calls though.
Monday, October 6, 2008
RE: Buying some NOV puts in BAC tomorrow
There was a wolf on this thing. Son of a bitch should be investigated. Knew it.
TOL, GM, DRI shorts
Those are the shorts.
They were up nicely earlier. Hopefully gap down tomorrow, but this looks like a bottom into Wed.
They were up nicely earlier. Hopefully gap down tomorrow, but this looks like a bottom into Wed.
BAC misses...plunges
Shit BAC missed A/H and MER plunging too. Should have held the damn puts :(. Missed a ton.
My other puts were up on the drop too but missed out on selling (at work).
Damn work.
My other puts were up on the drop too but missed out on selling (at work).
Damn work.
Picked up the TOL put
17.50 now. The calls were my hedges
Positions:
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.14 $-21.00 -60.00% $14.00
CJE 2 $0.40 $0.15 $-49.00 -62.03% $30.00
DRIVX 1 $0.40 $0.40 $0.00 0.00% $40.00
GMVR 1 $0.58 $0.60 $2.00 3.45% $60.00
TEPVW 1 $0.45 $0.45 $0.00 0.00% $45.00
USBJH 1 $0.40 $0.20 $-20.00 -50.00% $20.00
Positions:
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.14 $-21.00 -60.00% $14.00
CJE 2 $0.40 $0.15 $-49.00 -62.03% $30.00
DRIVX 1 $0.40 $0.40 $0.00 0.00% $40.00
GMVR 1 $0.58 $0.60 $2.00 3.45% $60.00
TEPVW 1 $0.45 $0.45 $0.00 0.00% $45.00
USBJH 1 $0.40 $0.20 $-20.00 -50.00% $20.00
Sold all the puts! (picked up a couple)
-300pts was the target. Made out very nicely. Picked up a sympothy DRI put (22.5) and picked back up the GM 7.50 put. Everything else was closed. Might buy back a TOL put too.
10/06/2008 10:11 AM $130.00 Sold 1 MOJVX@ $1.30 Details
10/06/2008 10:08 AM $-40.00 Bought 1 DRIVX@ $0.40 Details
10/06/2008 10:03 AM $100.00 Sold 1 DRIVE@ $1.00 Details
10/06/2008 10:02 AM $105.00 Sold 1 TEPVD@ $1.05 Details
10/06/2008 09:58 AM $-58.00 Bought 1 GMVR@ $0.58 Details
10/06/2008 09:37 AM $90.00 Sold 1 TEPVD@ $0.90 Details
10/06/2008 09:34 AM $169.00 Sold 1 BACWE@ $1.69 Details
10/06/2008 09:33 AM $185.00 Sold 1 BACVF@ $1.85 Details
10/06/2008 10:11 AM $130.00 Sold 1 MOJVX@ $1.30 Details
10/06/2008 10:08 AM $-40.00 Bought 1 DRIVX@ $0.40 Details
10/06/2008 10:03 AM $100.00 Sold 1 DRIVE@ $1.00 Details
10/06/2008 10:02 AM $105.00 Sold 1 TEPVD@ $1.05 Details
10/06/2008 09:58 AM $-58.00 Bought 1 GMVR@ $0.58 Details
10/06/2008 09:37 AM $90.00 Sold 1 TEPVD@ $0.90 Details
10/06/2008 09:34 AM $169.00 Sold 1 BACWE@ $1.69 Details
10/06/2008 09:33 AM $185.00 Sold 1 BACVF@ $1.85 Details
Saturday, October 4, 2008
Cut coming?
Based on the Treasuries, it looks like we may see another cut coming. ~50 bps at the moment. I guess inflation isn't too bad either?
huh.
huh.
Friday, October 3, 2008
Bottom should be in Mid-next week
Showing 200-300 points downside and then going to find support. 800 pts MAX.
Average on C is wrong
Sold 1 of the calls for a profit and bought it back.
Avg I believe is .37 so the loss isn't quite that big on it.
Avg I believe is .37 so the loss isn't quite that big on it.
Huge sell-off EOD.
Had a feeling this was coming. Too much garbage up top (from people who gambled to the upside). We're going to gap down Monday. Gonna break the lows and pull the stops as well.
Looking forward to a good day Monday. Almost positive we gap down.
Looking forward to a good day Monday. Almost positive we gap down.
Eh alright day.
Glad the market moved down. Made some money, but could have done better. So is life :) Happy overall though.
All puts showing a profit (DRI bid/ask is .60/.70)
Positions Equity about at $1320 now
All puts showing a profit (DRI bid/ask is .60/.70)
Positions Equity about at $1320 now
Reason for the hedge
I dont care if I lose money. If the bail-out fails the market will disintegrate and my puts will move HUGE. If it goes through then my puts are instantly worthless and I need a hedge so I can GTFO and close everything for as small a loss as possible.
The beauty of options is the leverage.
The beauty of options is the leverage.
Positions:
Losses right now....
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.25 $-10.00 -28.57% $25.00
BACVD 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF 1 $0.68 $0.55 $-13.00 -19.12% $55.00
CJE 2 $0.37 $0.35 $-3.00 -4.11% $70.00
DRIVE 1 $0.45 $0.45 $0.00 0.00% $45.00
GMVR 1 $0.48 $0.42 $-6.00 -12.50% $42.00
MOJVX 1 $0.54 $0.54 $0.00 0.00% $54.00
TEPVD 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.25 $-10.00 -28.57% $25.00
BACVD 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF 1 $0.68 $0.55 $-13.00 -19.12% $55.00
CJE 2 $0.37 $0.35 $-3.00 -4.11% $70.00
DRIVE 1 $0.45 $0.45 $0.00 0.00% $45.00
GMVR 1 $0.48 $0.42 $-6.00 -12.50% $42.00
MOJVX 1 $0.54 $0.54 $0.00 0.00% $54.00
TEPVD 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Closed GE hedge small loss (.43) Opened C
Picked up some C as a BETTER hedge @ .37 2 calls :) Makes a little more sense and the chart is stronger
Thursday, October 2, 2008
We could be headed for disaster
We screwed up big time. I really hope we make it out of this. Will explain more tomorrow
At the close. Looking good
Almost all of my puts are up. My hedges are down. Picked up a DRI put as well. Loaded with puts at the moment.
AMRJP 1 $0.35 $0.25 $-10.00 -28.57% $25.00 (C)
BACVD 1 $0.49 $0.13 $-36.00 -73.47% $13.00 (P)
BACVF 1 $0.68 $0.85 $17.00 25.00% $85.00 (P)
DRIVE 1 $0.45 $0.50 $5.00 11.11% $50.00 (P)
GEWJY 1 $0.48 $0.45 $-3.00 -6.25% $45.00 (C)
GMVR 1 $0.48 $0.56 $8.00 16.67% $56.00 (P)
TEPVD 2 $0.40 $0.45 $10.00 12.50% $90.00 (2P)
AMRJP 1 $0.35 $0.25 $-10.00 -28.57% $25.00 (C)
BACVD 1 $0.49 $0.13 $-36.00 -73.47% $13.00 (P)
BACVF 1 $0.68 $0.85 $17.00 25.00% $85.00 (P)
DRIVE 1 $0.45 $0.50 $5.00 11.11% $50.00 (P)
GEWJY 1 $0.48 $0.45 $-3.00 -6.25% $45.00 (C)
GMVR 1 $0.48 $0.56 $8.00 16.67% $56.00 (P)
TEPVD 2 $0.40 $0.45 $10.00 12.50% $90.00 (2P)
Updated positions
Bought some calls as kind of a hedge AMR and GE
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.35 $0.00 0.00% $35.00
BACVD 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF 1 $0.68 $0.62 $-6.00 -8.82% $62.00
GEWJY 1 $0.48 $0.48 $0.00 0.00% $48.00
GMVR 1 $0.48 $0.45 $-3.00 -6.25% $45.00
TEPVD 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Symbol Quantity Avg Price Last P & L % P & L Market Value
AMRJP 1 $0.35 $0.35 $0.00 0.00% $35.00
BACVD 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF 1 $0.68 $0.62 $-6.00 -8.82% $62.00
GEWJY 1 $0.48 $0.48 $0.00 0.00% $48.00
GMVR 1 $0.48 $0.45 $-3.00 -6.25% $45.00
TEPVD 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Shorted more.
Executions:
10/02/2008 11:25 AM $-48.00 Bought 1 GMVR@ $0.48 Details
10/02/2008 11:19 AM $-68.00 Bought 1 BACVF@ $0.68 Details
10/02/2008 11:10 AM $-35.00 Bought 1 TEPVD@ $0.35 Details
Positions:
BACVD Bank of America Corporation
$20.00 PUT 10/18/2008 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF Bank of America Corporation
$30.00 PUT 10/18/2008 1 $0.68 $0.62 $-6.00 -8.82% $62.00
GMVR General Motors Corporation
$7.50 PUT 10/18/2008 1 $0.48 $0.45 $-3.00 -6.25% $45.00
TEPVD
$20.00 PUT 10/18/2008 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Down a bit on all so far. Thinkin the HoR may not pass the bill. If they do, well i'll just cover (or stop). BAC may be a stupid short, but I guess they're still having problems with CFC. Chart's bullish as hell so IDK what i'm doing. Just a gamble on the Bill I guess.
10/02/2008 11:25 AM $-48.00 Bought 1 GMVR@ $0.48 Details
10/02/2008 11:19 AM $-68.00 Bought 1 BACVF@ $0.68 Details
10/02/2008 11:10 AM $-35.00 Bought 1 TEPVD@ $0.35 Details
Positions:
BACVD Bank of America Corporation
$20.00 PUT 10/18/2008 1 $0.49 $0.10 $-39.00 -79.59% $10.00
BACVF Bank of America Corporation
$30.00 PUT 10/18/2008 1 $0.68 $0.62 $-6.00 -8.82% $62.00
GMVR General Motors Corporation
$7.50 PUT 10/18/2008 1 $0.48 $0.45 $-3.00 -6.25% $45.00
TEPVD
$20.00 PUT 10/18/2008 2 $0.40 $0.35 $-10.00 -12.50% $70.00
Down a bit on all so far. Thinkin the HoR may not pass the bill. If they do, well i'll just cover (or stop). BAC may be a stupid short, but I guess they're still having problems with CFC. Chart's bullish as hell so IDK what i'm doing. Just a gamble on the Bill I guess.
Wednesday, October 1, 2008
Market down 170 A/H Fed cut? Common......
Futures showing about a 170 point decline. We're gonna get toasted tomorrow. Fed thinking about cutting rates. How about we just hand out money? This is nuts.
Im short and opening up more puts in the AM.
Im short and opening up more puts in the AM.
Slept in today...
Learned my lesson from before. Done playing games with the market ahead of this news. Stopped out of BAC yest @ .39 from .60. ($25 strike). Holding my 20 strike because it's worthless and TOL is still in there too because housing is still dead. Not too worried. Felt I had to give some back just in case i missed out on something.
Probably not going to do much trading until Fri or Monday.
Probably not going to do much trading until Fri or Monday.
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