A Tycoon's Trading Diary

True story of the making of a tycoon. Options trading, trading systems, wealth, money management...

Monday, February 12, 2007

Back from a week of sickness leave

Had no internet connection so I was quite worried about my open positions but I have trusted the universal energies. With good reasons (see at the end of the post)

New watchlist entries through the last week
HXM
KCI
PCP

Trade candidates found
TTC-A long: FFIV
MACDV: GRMN, TEF
GAPV: ACL, KCI

Ruled out all but ACL and FFIV that might be possible trades, should markets move upward tomorrow.

Trading session
The pre-open market sentiment is not so great. (Most futures are either south - Hang Seng, DAX, FTSE - or vacillate in the mud - S&P, NASDAQ).
Most probably the closing game for both my Northern calls. Thus I was concentrating on these two exits.
ALBCP put on a 5% trailing stop order (default).
QUKCL could not sneak in a good trailing stop before it went to far down - close to break even.


Open positions at market close on 9-Feb
.ALBCP ALB MAR 80 Call



$3.40
$700.0
.QUKCL DECK MAR 60 Call



$4.70
$220.0
.VIQDR VIP APR 90 Call



$3.70
($200.0)