Shorted 100 shs of KB Homes KBH at 17.20

It broke down from 19ish down to 17ish after they annouced their 3Q results.

After 2 days of selling, it rebounded today right at 38.2 retracement.

Shorted 100 shs at $17.20 , targetting 50% retracement at $16.00

Stop loss at 50 days moving average $17.75

Sold 10 MSFT Oct $26 Call @ 53 cents

MSFT briefly touched $26 and then reversed due to overall market late afternoon reversal

Sold 10 MSFT Oct 26strike Call at 53 cents, I bought it at 39 cents back on Sept 19th

locking tiny profit of $140

Bought 150 shs of AUY at 10.92.

Spot Gold is making an inverted head and shoulders on its hourly chart (head @ approx 1000, shoulders at aound 1010) …

buying on dip.

this will be my long term trade … resistance at $12, $13.60

stop loss would be at around the 50 days SMA which is at around 9.60

Short Rolled 5 JPM Oct Put into Nov. Credited 62 cents

in relates to the trade back on Sept 15th on JPM Calendar Put Spread

Covered the Oct 41 Put on JPM and shorted the Nov 41 Put and received 62 cents.

Should have rolled earlier this morning before JPM rallied.

My position after the roll is Longing the Dec 41 puts and shorting the Nov 41 puts for a debit of 64 cents (my original cost was $1.26)

Bought 10 Contracts of Microsoft MSFT Oct 26 Call at 39 cents

attractive implied vol at 22.75%

betting on potential upside to $30

but do not want to buy the underlying as I am still afraid of the market being topped out. It has been up since the 3 days pull back at the end of August.

paid $390 premium for 10 contracts (= 1000 shares)

Sold 5 Contracts of Oct 95 SPY Put at 32 cents. Essentially Im holding a Calendar Spread now

Sold 5 Contracts of Oct Put on SPY at 32 cents.

received $160 premium

I am trying to limit my loss on my November Put by shorting an Oct Put at the same strike at $95

Mark to Market loss for my Nov 95 Put is -$760

now I am essentially holding a Calendar Put Spread on SPY -> Long Nov / Short Oct

Sold 500 OPXA at 4.02, another 500 at 3.99.

this was the bad trade I mentioned yesterday. Had an oppotunity to exit today flat but it only got there for a few seconds so i had no chance to exit my position there.

price started to fade in the general market and so i decided to exit this position.

realized loss $-125

good exit.. it’s now down 10% to $3.58 as i am typing..

3 trades today, 1 really bad one -> Bought 1000 shs of OPXA at $4.13. Sold 200 shs of DBB at $18.782. Covered 100 shs of EWT at 12.18

Covered 100 shares of EWT at 12.18 , still have -100 shs remaining

realized loss $-$74, unrelealized loss $-76

Sold 200 shares of DBB at 18.782 (20 at $18.80, 180 at $18.78)

realized profit $126.40

Bought 1000 shares of OPXA at $4.13 on TimAlerts, it closed at $3.98 … unrealized loss at -$155

Bought 200 shs of PowerShare DB Base Metal: DBB @ 18.15

after it failed to break the above $19 back in Aug and Sept, it recently pulled back to near its 20 days EMA level.

the daily chart is not that impressive but the weekly chart shows that it is consolidating. Its 10 week moving average is still supporting an uptrend.

DBB’s performance is not really correlated to the overall market so I am not concerning about the possibility of the general market reaching overbought levels.

Bought 5 Dec 41 Put & Sold 5 Oct 41 Put on JPM for debit of $1.26

Paying 63 cents per month for this 2 month wide calendar spread.

JPM has been trading rangebound between $39 to 44 since August and if it continues to trade within this range, this trade could generate a good reward.

Next Page »

• Categories

  • General (2)
  • Trades (178)
    • HK Equities (2)
    • Spot FX (2)
    • US Equities (97)
    • US Options (97)
  • Watchlist (1)

• Recent Posts

  • Bought 2 Months volatility on Industrials: XLI AUG $36/37 Strangle for $1.73 (4.6%)
  • Covered the remaining short on Citigroup at $38.96
  • Bought RIMM May11 $60 Call for 0.30.
  • Bought May11 AMD $8 Put @ $0.16
  • Sold BRCM May 2011 $40 CALL @ 62 cents