A Tycoon's Trading Diary

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

Monday, May 21, 2007

Firy Monday

General Notes
Today, I had a 'which finger to bite' kind of choice dilemma to solve. If you take a look at the filtered trade candidates list below. Especially, the bold faced ones.
Finally, I managed to make a decision and put on an order. Some rationale behind today's trade:
  1. Market order while trading TTC-A? Only 1 contract, no real movement backward.
  2. Other clues? best from the possible picks, as it was just clearing it's buying point and trading higher on higher volume.
Filtered Trade Candidates for the Day
TTC-A: GRMN, LM, MLM, MICC, (SLB, ACL, TSO)
GAPHV: CHE, CTRP, RIMM, X

Trade Session Notes
Nikkei...17556.87...+157.29...+0.9%.
Hang Seng...20927.75...+22.91...+0.1%.
FTSE...6656.00...+15.10...+0.2%.
DAX
...7624.01...+16.47...+0.2%.
CBOE VIX 13.060.30
Day's Eleven: 1655,64 7.79 / 0,47%

1:04:53 PM ET Made 1 market order for the MICC OCT 85 Call and was filled at $9.9.

Could have made without the end of the day dip (-$90), ouch...

Open Trades as of EOD 18 May
Plain vanillas
.MTIL MT SEP 60 Call $59.29 1 $3.60 $360.00 4.3 $430.00 $70.00
.PAQHR PCAR AUG 90 Call $86.40 2 $4.00 $800.00 3.7 $740.00 ($60.00)
Advanced positions - remaining legs
.UPUGR CTSH JUL 90 Call $78.83 1 $5.60 $560.00 0.65 $65.00 ($495.00)
.SWFGI SNDK JUL 45 Call $44.14 2 $2.75 $550.00 1.9 $380.00 ($170.00)
.SWQSV SNDK JUL 42.5 Put
2 $2.30 $460.00 1.35 $270.00 ($190.00)