A Tycoon's Trading Diary

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

Friday, June 15, 2007

Profit saving day

Filtered Trade Candidates for the Day
TTC-A: ESRX, GRP, VIP, VLO, WFT, CRS, WHQ
GAPHV
: CMI, DIGE

Trade Session Notes
Nikkei...17971.49...+129.20...+0.7%.
Hang Seng
...21017.05...+149.79...+0.7%.
FTSE...6686.50...+36.60...+0.6%.
DAX
...7892.29...+43.13...+0.6%.
CBOE VIX 12.59-1.05

11:35:52 AM Sold half of my PCAR AUG 90 Call position at $5. To protect some profit.
12:44:31 PM Did the same as above for the MTW SEP 85 Call at $4.6 (1 contract closed to take some profit off the table.)

Open Trades as of EOD 14 June
.UPUGR CTSH JUL 90 Call $79.10 $0.3 ($530.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.MTWIQ MTW SEP 85 Call $78.97 $4.07 $14.00
.PAQHR PCAR AUG 90 Call $89.78 $4.6 $120.00
Notes Open GAPHV day 8 light retracement
.SWFGI SNDK JUL 45 Call $44.98 $1.67 ($216.00)
Notes Channel top: $45.45
.SWQSV SNDK JUL 42.5 Put
$0.6 ($340.00)
Notes Channel bottom: $41,65, WATCH RSI 50 mark!!!
.TEXJQ TEX OCT 85 Call $83.34 $6.9 ($210.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support