A Tycoon's Trading Diary

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

Thursday, April 05, 2007

Thursday growth

Watchlist additions and filtered trade candidates
No additions to my watchlist.
TTC-A long: ESRX, UNH, WCG
GAPHV: ALB, BNI, CELG, CVH, INFY, FMCN, MER, PCU
MACDV: AL, ANF, AYI, BTU, BUCY, CELG, CRDN, ENR, PCP, TS, TSO

Trade session notes
Nikkei...17491.42...-52.67...-0.3%.
Hang Seng...20209.71...+207.01...+1.0%.
FTSE...6357.30...-7.40...-0.1%.
DAX
...7073.17...-0.74...-0.0%.
Flat will be the day, will it not? - was the question that echoed behind my muted lips.

10:22:03 AM A bit late, as I was back late in the office, I made a Tuto Long trade on AAPL (vs GS) as the tech sector was doing better. Albeit volume was a bit higher (still 3% of its average) in AAPL. .QAADS AAPL APR 95 Call 7 contracts at $1.45 (10 seconds earlier I would have got it at $1.4 each that is -$35 for the whole trade or two trade worth roughly @ $14.95 each). Note to self: got to be quicker on these shorter term trades or shall not enter. Right after the 30 min bar print shall be the mark!!!

10:58:11 AM My ACL May calls started to run up quite a bit and I have decided to put a standard tight (5% down, default - bid/last) trailing stop to lock in some profit. We are only two weeks from the time close (1 months before expiry on this type of trades) anyway, thus I do not want this winner turn to a looser.

1:24:03 PM I have seen a bit of divergence on the higher highs but volume getting lower and lower every half an hour on ACL. Thus, I cancelled the trailing stop and sold the 2 contracts at $6.2 . Straight exit, profit taken care of and now I am free to do other important things. Eg. finish my account application job. A minute after me closing the position the volume spiked higher than in the last 30 min bar and the premium edged $.1 higher. But I am still happy that I locked in a good amount of profit.

Open positions at market close 4 April 2007
ACLEG ACL MAY 135 Call $133.86


$4
($40.00)