Seriously, I don’t remember the last quiet day we’ve had.
Opened:
2 GTrades picks (via calls)
Calls on SPY
Month to Date:
My ports: -25.36%
Brokerage: -20.23%
BBE Overall: -23.69%
S&P -18.20%
% of Trading Targets reached: -626.62%
I’m screwed ratio: 48.3 to 2.8
So damn close to having two up days in a row. SO. DAMN. CLOSE.
Opened:
2 GTrades picks (via calls)
Month to Date:
My ports: -27.03%
Brokerage: -23.34%
BBE Overall: -25.84%
S&P -20.26%
% of Trading Targets reached: -683.49%
I’m screwed ratio: 48.3 to 2.8
Damn, what a day. Could be the anticipation of a rate cut tomorrow. Could be just that everyone is glad that October is almost over. Could have been lighter volume.
Who cares, it was nice to have an up day.
Closed:
Calls on SPY, +20%
Month to Date:
My ports: -27.81%
Brokerage: -24.10%
BBE Overall: -26.60%
S&P -19.36%
% of Trading Targets reached: -714.60%
I’m screwed ratio: 48.3 to 2.8
Given that I’m posting this 3 days late, I don’t even remember what the catalysts for the day were.
Closed:
Puts on DECK (GTrades), +40%, held 7 days
Puts on SPY, +15%, held overnight
Honestly, I didn’t expect those S&P put/call trades to clear within 24 hours…But I’ll take it.
Opened:
Calls & Puts on SPY
Month to Date:
My ports: -28.68%
Brokerage: -27.30%
BBE Overall: -28.23%
S&P -24.83%
% of Trading Targets reached: -869.03%
I’m screwed ratio: 48.4 to 2.8
So, after a lot of thought, I’m implementing a new strategy. There is so much volatility these days that it doesn’t make sense to not play both sides of the game. I will be buying both puts & calls on the S&P, 3 months out so each side has some time to percolate. Started today, and frankly, didn’t expect that the call would hit the target the same day – but I can’t be upset at the end of day pop.
The only remaining question is at what intervals I will be doing this – weekly? Every other week? Once a month?
Closed:
Puts on BBBY (GTrades), +21%, held overnight
Calls on SPY, +17%, in/out
Opened:
Puts on SPY (Jan ‘09)
Month to Date:
My ports: -27.08%
Brokerage: -24.56%
BBE Overall: -26.26%
S&P -22.14%
% of Trading Targets reached: -804.17%
I’m screwed ratio: 48.4 to 2.8
Closed:
Puts on GOLD, +28%, held 5 days
Puts on SHLD, +21%, held 6 days
Opened:
GTrades short, via puts
Month to Date:
My ports: -24.79%
Brokerage: -24.51%
BBE Overall: -24.70%
S&P -23.11%
% of Trading Targets reached: -747.04%
I’m screwed ratio: 48.4 to 2.9
I was rather distracted today, so I couldn’t even tell you what the catalyst was other than AmEx. But I’ll take it.
Opened:
GTrades pick (long via calls)
Closed:
ALXN calls, +23.5%, held overnight
Month to Date:
My ports: -18.75%
Brokerage: -16.61%
BBE Overall: -18.05%
S&P -15.51%
% of Trading Targets reached: -530.74%
I’m screwed ratio: 48.4 to 2.9
Long to Cash %s: 111.50% to -11.50%
Up, Down, Up, Down, Up, Down, Up, Down, Up, Down…
Typical expiration day, but it was nice to just have a relatively flat day in the end.
Opened:
GTrades pick (via calls)
Month to Date:
My ports: -22.16%
Brokerage: -20.16%
BBE Overall: -21.51%
S&P -19.36%
% of Trading Targets reached: -635.58%
I’m screwed ratio: 48.4 to 2.8
Stephen Colbert said it best last night – “It’s like a rollercoaster, except you vomit money!”
Things were absolutely all over the place again today. I’m still not really sure what the catalyst for the late day run was – could have been the MSFT/YHOO rumor, but who knows.
Opened:
2 GTrades shorts (via puts)
Month to Date:
My ports: -21.04%
Brokerage: -19.81%
BBE Overall: -20.64%
S&P -18.86%
% of Trading Targets reached: -610.10%
I’m screwed ratio: 48.4 to 2.8
Opened:
2 GTrades shorts via put options
Month to Date:
My ports: -22.55%
Brokerage: -22.03%
BBE Overall: -22.38%
S&P -22.16%
% of Trading Targets reached: -706.76%
I’m screwed ratio: 48.4 to 2.8
