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... :(

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?

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.