Is Tuesday the black one?

Already in the morning I have felt it is going to be a strange day, when I heard the Shanghai exchange slid 10% in brisk trade!
Thus it was not so interesting that the Put / Call ratio on Optionsxpress.com at .4 to .62. This would mean a quite extreme sentiment shift to the bear. Will see later!
Finally, there it was my VIP Call stopped out at $2.60 (read a $450 realized loss), due to the 50% trailing stop. The learning points here are that I shall not use a trailing stop this wide, unless there is a good reason behind it + if I trade with MACD then I shall liquidate my position as soon as MACD is doing a counter cross (up for short, or down for long). The trailing stop was set due to the rule that an option price down 50% is a looser and shall be closed out immediately. Why trailing stop? Good question! I was wrong, no excuses!

Trade candidates and new watchlist entries
No new watchlist addition today.
TTC-A: AZN
GAPH: COP
MACDV: (none)

During the trading session
I am still play on a rather conservative schedule, till I get better at it and get a pretty cash pile together and can afford to be aggressive.
ACL - my only open position now - was doing fine as its support (gap up at $127,5) has clearly popped it back, plus it was trading at considerably lower volume. Thus, I did not touch it at all.

Open positions at market close 27 February 2007

.ACLEG

ACL MAY 135 Call

2

$3.400

($160.000)