Category Archives: Daily Journal

Glad to see the market first fell, then recovered and gained by closing, confirming that the market is trading in a range.  Especially of interest today is PCLN, falling to as low as 515. My setup of PCLN spread was … Continue reading →

The market is fluctuating (as expected).  SP500 is ~1340, the support line.  So far today, the market lost what it gained in the past 2 days.  This is not surprising.  The most likely scenario is that the market trades in … Continue reading →

Several possible trades to consider: PCLN, 50 day SMA is 500.  PCLN has almost never fallen below 50 SMA, except during the flash crash.  A spread of 495/500 carries a relatively low risk.  Long 495 May 13 put, short 500 … Continue reading →

All our spreads of this week were successful.  We made $30/contract on FFIV, $32.22/contract on NFLX.  As a result, this trading account that was started only 6 weeks ago (3/25/11) has increased its portfolio value by 50%. The main trading … Continue reading →

The markets are experiencing some profit taking and consolidations after a very nice bull run.  Several issues are approaching our strike price.  These include OPEN, NFLX, FFIV and LVS. OPEN: We started a position on OPEN on 3/21/11 with a … Continue reading →

Another profitable week.  Other than the covered calls that are already set up, I also traded a few short term spreads. BIDU: I set up a call spread (long 135/short 140) in one account ($85.00/pair of contract) and a put … Continue reading →

BIDU reported good earnings and good forecast.  Today BIDU shares are up a bit.  Our BIDU spreads (135/140) are making money.  Two points to take home with: BIDU is not as volatile as used to be, reflected by the smaller … Continue reading →

NFLX reported good earnings, but its next quarter forecast spooked investors and the shares went down 9% yesterday.  The share prices are stable today, a good sign.  With our fingers crossed, hope NFLX shares won’t continue its descent to below … Continue reading →