A Tycoon's Trading Diary

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

Tuesday, May 01, 2007

Long weekend recap, 2 May 2007

General notes
Have had missed one trading day due to the Hungarian banking holiday system.

Watchlist additions and filtered trade candidates
Chemed - CHE.
TTC-A: CCJ, EOG, ISE
GAPHV: ISE

Trade session notes
Nikkei...17394.92...+119.94...+0.7%.
Hang Seng...20388.49...+69.51...+0.3%.
FTSE...6461.80...+42.20...+0.7%.
DAX
...7435.92...+27.05...+0.4%.
CBOE VIX 13.11-0.40
10:53:57 AM ET Made a .15 points down from bid trailing stop order on the winning CTSH leg (the Put contract).
1:35:02 PM ET Made a market order for 4 contracts of IBM 105 July Calls... and get filled at $2.35 each. The trigger was GAPHV 7 days ago.
1:48:40 PM ET Got the trailing stop ordered triggered at $4.14 and filled at $4.1. Now, it is only the Call leg that I shall take care of to turn the trade to a winner.

Open positions at market close 30 April 2007
Advanced positions - Leftover legs
LMQEK LRCX MAY 55 Call $54.65 3 $1.10 $330.00 1.1 $330.00 $0.00
.SWFGI SNDK JUL 45 Call
$42.72

$1.65
($220.00)
.SWQSV SNDK JUL 42.5 Put



$2.1
($40.00)
.UPUGR CTSH JUL 90 Call $88.47


$4.73
($87.00)
.UPUSQ CTSH JUL 85 Put



$2.95
$20.00