Quick Monday, 26 March 2007

Watchlist additions & filtered trade candidates
No additions.
TTC-A: ENR, MT
GAPHV: (None)
MACDV: (None)
TuTo short (scanned at 1:46:54 PM ET): NYX, RIMM

Trade session notes
Nikkei...17521.96...+41.35...+0.2%.
Hang Seng...19765.85...+73.21...+0.4%.
FTSE...6351.70...+12.30...+0.2%.
DAX...6896.56...-2.50...-0.0%.
International markets are a bit above the line.
By the time I got back to my desk (1 P.M.) it was already set for falling. In the same time I realized, that my first target was hit shaving off the first foam (
Thus, I was looking again to my TuTo short Power (read volume) watchlist and got down NYX and RIMM. The earlier seemed a nicer bride, thus I have been watching closely the NYX in the mony Put chain for April.
2:06:54 PM ET Just after the next 30 minutes bar printed for the stock (closing south of the upper 2 - 3 SD Bollinger bands), I went for an in the money April Put at market.
2:56:06 PM ET After 50 minutes the trade could not gain ground and was closed out at the hard stop. (It was making a -$194, instead of the -$100 set as my fixed hard stop for these short trades probably because of the number of contracts (3 not 2 like the last time, plus commission not counted for upfront).
Tried to manage well the second exit of the GS Put Trade, but it did not went well. Probably, because I have set the trailing stop on default and not bid 10 points down from $4.5. Tomorrow, I close out the position if GS and market is not going my way. Also, I have set the trailing stop again this time on bid.

Open positions at market close 23 March 2007

.ACLEG

ACL MAY 135 Call

$129.94

$2.95

($250.00)

.GPYPB

GS APR 210 Put

$211.89

$3.9

($80.00)