A Tycoon's Trading Diary

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

Thursday, April 19, 2007

Magic Thursday, earnings season day 7

General notes
Was not in my best trading shape yesterday, I was in a hurry to make a Tuto counter trade on GMRN and I have chosen a wrong expiry (April instead of May). That silly mistake (would have) resulted in a $144 loss in a matter of hours.
Also, markets stay in a mixed trend thus still the Tuto momentum trades shall be played, only with better care for expiry and such.

Watchlist additions and filtered trade candidates
TTC-A long & GAPHV: (nil)
MACDV: CAT
Tuto: (nil)

Trade session notes
Nikkei...17371.97...-295.36...-1.7%.
Hang Seng
...20299.71...-477.38...-2.3%
FTSE...6405.50...-43.90...-0.7%.
DAX
...7187.44...-94.90...-1.3%.
CBOE VIX 12.420.28
11:48:32 AM Got a 3 contracts Tuto Put order filled for AAPL May 90. Then made a trailing stop at bid down by 0.2 points from $2.9, to see how I could make better use of the lazy stop.

Open positions at market close 18 April 2007
Plain vanillas
(NIL)







Advanced positions & legs
.IBMET IBM MAY 100 Call $94.8


$0.2
($90.00)
.IBMQS IBM MAY 95 Put



$1.6
($50.00)
.LMQEK LRCX MAY 55 Call $52.68


$0.9
($60.00)
.RFYDK RIMM APR 155 Call $134.37



$0.00 ($440.00)