A Tycoon's Trading Diary

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

Tuesday, April 17, 2007

Ta-daam, April 2007, earnings season, day 5

General notes
A few minutes I had received a phone call from my optionsxpress.com Europe friends to confirm that I have a live account. Not it's only me to transfer funds and I can go live. Great!

Watchlist and trade candidates
TTC-A: DECK, PVH
GAPHV: GLDN, HYDL, NEM, VOLV
MACDV: AXE, GS, VOLV, WCC
Tuto Call: NYX
ERP: (nil)

Trade session notes
Before the market open I made tight hard stop orders for my IBM long strangle's both legs, then I cancelled them because the earnings report will only come out after the close.
Nikkei...17527.45...-100.85...-0.6%.
Hang Seng
...20788.61...+31.08...+0.2%.
FTSE...6472.30...-43.90...-0.7%.
DAX
...7310.32...-27.74...-0.4%.
CBOE VIX 11.98-0.22
Internationals slightly downward, while VIX as well. This means no clear indication, before market opens.
9:41:02 AM Has bought 2 NYX 95 May Calls based on my Tuto trade set up, at market $4. Largely due to the still unsure market conditions I have chosen to trade it over the longer time frame set-ups (e.g. TTC-A or GAPHV, MACDV). Later I put on a hard stop at $3.5.

Open position at market close 16 April 2007
Advanced positions and left overs
.RFYDK RIMM APR 155 Call $132.55



$0.00 ($440.00)
.LMQEK LRCX MAY 55 Call $52.39


$0.9
($60.00)
.IBMET IBM MAY 100 Call $96.18


$0.7
$10.00
.IBMQS IBM MAY 95 Put




$1.63

($44.00)