A Tycoon's Trading Diary

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

Thursday, February 15, 2007

Thursday burn the way!

Trade candidates found through trading templates
TTC-A: LM, MBT, MER, PHI, RTP
MACDV: BNI, JWN, GLDN, HXM, MSTR, QQQQ
GAPV: ACLI, AL, PCU

Trading session
Had 4 trade candidates for the session - BNI, JWN, LM and PCU. But the first two were moving South (against the market) while PCU's option was less affordable. Thus I went for the LMEB (MAY 110 CALL). I vacillated some with the bid - it just had dropped from 3.2 to 3.1 while the ask stood 3.3 - finally I went in at 3.2 for 3 contracts.

Open positions @ market close 14 Feb 2007
VIP was faring lower but still in safe territory. No action was needed.
.ACLEG ACL MAY 135 Call 2

$4.00
($40.0)
.VIQDR VIP APR 90 Call 2

$4.50
($40.0)