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Monthly Archives: April 2011
Market Condition: Cautiously bullish
Although the major indexes are hitting technical resistance, Schaeffersresearch.com is bullish in this week’s Monday Morning Outlook. Chartadvisor.com’s author (Joey Fundora) is a bit more cautious in his recent post, due to the overbought market condition. I will tread the … Continue reading
Posted in Market Condition
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Weekly Trading Summary
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
Posted in Daily Journal
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We survived BIDU earnings and our BIDU spreads are making money.
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
Posted in Daily Journal
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Option Basics
To learn the basics about option trading, read the following sites: www.Investopedia.com (1st choice for definition of various terms and concepts). www.Schaeffersresearch.com www.CBOE.com
Posted in Educational
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How to Monitor Market Conditions
MUST Read: ChartAdvisor.com. This site publishes a weekly Market Summary on Friday. An excellent chart pattern analysis site, it gives a good reading on the market condition. I use this to help gauge my trades. If one reviews the Market … Continue reading
Posted in Educational
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It appears that we are surviving the NFLX post earning shock.
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
Posted in Daily Journal
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FFIV spread
FFIV is pulling back a bit from post earrings high of $106+. I think this is due to profit taking. It is unlikely to go below $100 in near term. So I set up a spread of FFIV put, long … Continue reading
Posted in Today's Trade
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NFLX trade
NFLX was scheduled to release earnings after hours today. I created a spread today: long NFLX 215 put, short NFLX 220 put, expiring in 4 days, cost: $4.35/pair. If NFLX stays above 220 by this Friday, my potential profit is … Continue reading
Posted in Today's Trade
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Bidu: how to hedge
Bidu is scheduled to report earnings in 2 days (Apr. 27th). I usually don’t trade issues before earnings (too risky). However, I placed some Bidu bullish trades today. Today’s trade: Bidu spread: Long 135 call, short 140 call, expire in … Continue reading
Posted in Today's Trade, Trading Strategy
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Today’s Trade: Roll Up FFIV calls
Today is the last trading day of the week. We are having a terrific week so far. FFIV went up a lot, leaving my FFIV 95 calls expiring today in the money. As a result, my long FFIV shares are … Continue reading
Posted in Today's Trade, Trading Strategy
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