Monthly Archives: June 2011

Market Condition: volatile, but hopeful

Posted on June 26, 2011 by admin

Schaeffersresearch.com and ChartAdvisor.com: Both these 2 sites show hopeful signs in the market, while maintaining the inherent existing risks.  The message is that the market bearish sentiment is much more pronounced than the degree of the pull back in the market … Continue reading →

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Sold OPEN, Bought MCP (covered call)

Posted on June 20, 2011 by admin

I have extra buying power and also my OPEN options expired.  I need to either sell more OPEN options or to sell OPEN and using the funds to get into a better trade.  I did the following calculation:   OPEN  Aug. … Continue reading →

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How my other positions are faring in this volatile market.

Posted on June 19, 2011 by admin

I have BIDU, CRM, FFIV, PCLN, LVS, OPEN, SLW and MCP in my holdings.  I already discussed about OPEN, SLW and a portion of my FFIV holdings.  Here is how my other positions are doing.  BIDU, CRM and PCLN and … Continue reading →

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My trades for next week.

Posted on June 18, 2011 by admin

Well, several options expired today.  They include OPEN, FFIF (I have several options with different expiries) and SLW.  How am I going to replace these expired options? OPEN.  I sold a portion of OPEN at ~80.30 (broke even) to provide … Continue reading →

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Market Condition: Cautious

Posted on June 18, 2011 by admin

ChartAdvisor.com: “The markets continue to deteriorate, and while a bounce is likely soon, the markets can always become more oversold first…These are the markets that separate the traders who are consistently profitable from the revolving door of amateur traders. Undisciplined … Continue reading →

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Trade of this week: covered call of FFIV (strike 105).

Posted on June 13, 2011 by admin

Was out of town last week and just returned late yesterday.  Last week was another bloodbath and I bled as well.  Several of my option spreads lost money.  My NFLX 160 put long was exercised and I was long 10ooo … Continue reading →

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Positions for this week

Posted on June 6, 2011 by admin

Bidu: set up 2 spreads in 2 different accounts.  120-125 put spread for $0.4/sh profit. 125-130 for another account for $0.92/sh. nflx, 255-260, put spread for $0.8/sh pcln, put spread 480-485, $0.35/sh mcp, put spread 55-57.5, $0.38/sh.

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What to trade?

Posted on June 5, 2011 by admin

bidu: spread of 125-130 is still a good trade.  bidu has never fallen and stayed below 130 since March.  A put spread of 125-130 gives $1.15/sh; 120-125 of $0.44.  120-125 is a much safer and yet still profitable trade. nflx: … Continue reading →

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Market Condition: Neutral to Slightly Bullish

Posted on June 3, 2011 by admin

ChartAdvisor.com: cautious (bearish). “There are times when it is better to reduce exposure to the markets and wait patiently for the markets to give you an opportunity. This is likely one of those times.” SchaffersorsResearch.com: this week’s Outlook actually rings … Continue reading →

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Weekly Summary: another great week (for my accounts)

Posted on June 3, 2011 by admin

Well, the Wall Street was a bloodbath this week but my trades were all successful (except one, FFIV whose position I closed before the closing today with a very trivial loss).   I practically doubled one of my trading accounts … Continue reading →

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