A Tycoon's Trading Diary

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

Thursday, February 22, 2007

Rain on me Zeus!

Rainy day, like a Springtime morning...

New watchlist addition
MTW, FRK - Florida Rock, that is tried to be taken over by VMC Vulcan Materials.

Trade candidates filtered
TTC-A: (no new issues)
MACDV: (no new issues)
GAPHV: FLR

Market session
Firstly, I put a 10% trailing stop on the LM Call, as it was hitting 30% profit. (To do: figure out a good way to set reasonable profit targets and how to use it).

Open positions at 21-Feb 2007 market close
.ACLEG ACL MAY 135 Call


$3.60
($120.0)
.LMEB LM MAY 110 Call


$3.70
$150.0
.VIQDR VIP APR 90 Call


$3.40
($260.0)