Week of July27, 2009

Market had a huge run last week. I am expecting a softer trend this week. One of my targeted trade was writing a call for STP, which I own as well. Solar stock has regain strength partly due to the recent news on the Chinese government subsidizing the deployment on solar energy.

I decided to go ahead and wrote an STP Aug 22 Call at $1.00. Will see how it goes.

Week of July 20, 2009

Well another week is here and with so may corporate earnings lining up. This is going to be an interesting week.

A couple of weeks ago, I sold ABX Aug 30 PUT at $1.40. Now that ABX has risen, the same PUT has dropped to $0.15bid and $0.25ask. I managed to close this at $0.22. Not too shabby for a two weeks return. Even though % wise may not be that high but I felt ABX was stable and worth the trade.

I was tempted to roll up but the premium is not very attractive at this point of time. Will sit on this.

Week of July13, 2009

Hi, I welcome any comments on your view and strategy for this week. Feel free.

AIG and ABX

Just to share my recent trades late last week.

Sold AIG July 10 put at $1.01 

Sold ABX Aug 30 put at $1.40

Any comments?

Welcome!!!!

Hi!!! Welcome to my new blog. First I must say that I am new to this. Any feedbacks are welcomed. I am also new to option trading and I am using this blog to openly share my new experience and hopefully a site for those interested in trading option to share their point of view. Thank you!!!