Hi,
I have create a new blog "optionists.blogspot.com" which I plan to move to. I kind of like the name better...This may take some time, but please do visit my new blog. Thanks.
Tuesday, February 23, 2010
Monday, January 18, 2010
Week of Jan 18, 2010
My STP Jan 15 Put turned out well. Not too good for my AIG Jan 35 Put. I ended up with a lost of $31. I rolled over to AIG May 33 Put which was traded at $7.15. An approximate 4%/month not factoring in compounding interest.
I need to watch my STP Feb 16 Put cautiously now that earning season is here. STP result is due March 4.
All in all my Jan trade ended with ~2.9% gain. As long as I could maintain this and not overly ambitious, I am happy.
One thing that is hurting my overall portfolio is the long positions that I have. It has been dropping quite a lot late. All my AIG, BAC and C are in reds... :(
I need to watch my STP Feb 16 Put cautiously now that earning season is here. STP result is due March 4.
All in all my Jan trade ended with ~2.9% gain. As long as I could maintain this and not overly ambitious, I am happy.
One thing that is hurting my overall portfolio is the long positions that I have. It has been dropping quite a lot late. All my AIG, BAC and C are in reds... :(
Thursday, January 7, 2010
Jan 6, 2010
I have been looking at opportunity at the financial sector. Should the economy pick up, I believe some of the beaten down stock could post good potential for high return. I have some Citigroup shares but I would not add more of that to my portfolio. I decided to buy a long term call. I bought Jan 5 Call (expiring Jan 2012) at $0.63. I am quite optimistic on this but will see how it goes.
Any comments?
Sunday, January 3, 2010
Week of Jan 4, 2010
First of all, I would like to wish everyone a Happy 2010. I hope your wishes would come through and have a great time making profit trading.
I been out since early December. To summarize and update my status.
1. 12/17/09: Close my STP Dec 16 Put which expired worthless. I opened this at $2.05 back in Oct. All in ~ 5.7% gain per month.
2. Here are my current open trades.
- AIG Jan 35 Put ($5.95) - Last traded at $5.3
- AIG Feb 30 Put ($2.93) - Last traded at $2.76
- STP Jan 15 Put ($1.86) - Last traded at $0.18
- STP Feb 16 Put ($1.2) - Last traded at $1.11
Well that's all for now. Hope I could close my STP Jan 15 fast if the trend continue to be going down.
I am still on target achieving at average 3% return/month since I started last July. I hope this would continue.
Happy trading everyone.
I been out since early December. To summarize and update my status.
1. 12/17/09: Close my STP Dec 16 Put which expired worthless. I opened this at $2.05 back in Oct. All in ~ 5.7% gain per month.
2. Here are my current open trades.
- AIG Jan 35 Put ($5.95) - Last traded at $5.3
- AIG Feb 30 Put ($2.93) - Last traded at $2.76
- STP Jan 15 Put ($1.86) - Last traded at $0.18
- STP Feb 16 Put ($1.2) - Last traded at $1.11
Well that's all for now. Hope I could close my STP Jan 15 fast if the trend continue to be going down.
I am still on target achieving at average 3% return/month since I started last July. I hope this would continue.
Happy trading everyone.
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