Winning Trade

Profit: 5.09 USD

Now profit increase to 34.45 USD

Good point: Able to exit market on designated profit.

Ron Ianieri on Economy (July 9, 2008)

Good Banks to bottom fish or to buy incrementally,
JPMorgan, Bank of America, Goldman Sachs

Ron Ianieri on Economy (06-11-2008)

Winning Trade

Order Number: 57641208
Symbol: .CTR
Description: C AUG 17.5 Put
Stock: C at 19.95
Action: Bought To Open
Quantity: 1 contract(s)
Price: $0.45
Commission: $14.95
Reg Fees: $0.00
Net Amt: $59.95

Order Number: 57712201
Symbol: .CTR
Description: C AUG 17.5 Put
Stock: C at 18.65
Action: Sold To Close
Quantity: 1 contract(s)
Price: $0.90
Commission: $14.95
Reg Fees: $0.01
Net Amt: $75.04

Profit: 15.09 USD

Now profit increase to 29.36 USD

Good points: Learn to take profit fast.

Bad points: Risky trade as its not DITM for front month options. Base on trend reversal to execute.

Loss Trade

Loss 35.96USD thru trading on .WMHG 7 Aug Call. 71.92% loss.

Now profit reduced to 14.27USD.

Loss Trade

Loss 59.91USD thru trading on .WBTR 12.5 Aug Put. 36% loss.

Lesson learnt, never play on earnings gapping. Suprisingly stock went up even after posting $8.86 billion second-quarter loss. WTF!!! Also need to be more mechanistic to cut loss when loss reached 20% instead of 36%.

But nevermind. Lesson learnt. Don't play gambling and one can never use logic to decide which way stock will go after earnings report. Use long term trend to determine instead. Also use DITM options to safeguard. And most important of all, CUT LOSS FAST! Use straddle instead.

Now profit reduced to 50.23USD.

SN Trade Notice - C SEP 20 Put (7/14/2008)

Strategy: Rolling Long Put Directional Play

Order Number: 57039468
Symbol: .CUD
Description: C SEP 20 Put
Stock: C at 15.51
Action: Bought To Open
Quantity: 2 contract(s)
Price: $5.05
Commission: $14.95
Reg Fees: $0.00
Net Amt: $1,024.95

P/L Graph

SN Trade Notice - C AUG 20 Put (7/14/2008)

Order Number: 57032735
Symbol: .CTD
Description: C AUG 20 Put
Stock: C at 15.48
Action: Sold To Close
Quantity: 2 contract(s)
Price: $4.85
Commission: $14.95
Reg Fees: $0.01
Net Amt: $955.04

Profit = $110.14

SN Trade Notice - C AUG 20 Put

Strategy: Long Put Directional Play

Order Number: 56975482
Symbol: .CTD
Description: C AUG 20 Put
Stock: C at 16.52
Action: Bought To Open
Quantity: 1 contract(s)
Price: $4.00
Commission: $14.95
Reg Fees: $0.00
Net Amt: $414.95

Theoretical Data
Implied Vol. 59.4024
Delta -0.8799
Gamma 0.0695
Theta -0.0075
Vega 0.0097
Rho -0.0170

P/L Graph

SN Trade Notice - C AUG 20 Put

Strategy: Long Put Directional Play

Order Number: 56929914
Symbol: .CTD
Description: C AUG 20 Put
Stock: C at 16.38
Action: Bought To Open
Quantity: 1 contract(s)
Price: $4.15
Commission: $14.95
Reg Fees: $0.00
Net Amt: $429.95

Theoretical Data
Implied Vol. 59.4024
Delta -0.8799
Gamma 0.0695
Theta -0.0075
Vega 0.0097
Rho -0.0170

P/L Graph