A Tycoon's Trading Diary

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

Tuesday, July 31, 2007

Fighters Tuesday

Trade candidates for the day
GAPHV: DECK - nice pattern, JC short term ok, volume surges, Target: $114,92. SLB - nice pattern a bit longer though, JC short term upward even through a shooting start, Target: $100.45.

Trade session notes
Market: bullish trend under pressure, markets in Correction until follow through is here!
FTSE...6319.60...+113.50...+1.8%. DAX...7580.42...+124.11...+1.7%
Hang Seng...23184.94...+445.04...+2.0%. Nikkei...17248.89...-40.41...-0.2%.
Volatily was standing at yesterday close as:
CBOE VIX 20.87-3.30

9:56:41 AM MO: bullish
CBOE VIX 19.97-0.90
Market Adv Decl Unch
Nasdaq 4,009 1,076 159
NYSE 2,372 540 89

10:50:54 AM MS: bullish but sliding a bit
CBOE VIX 20.85-0.02
Market Adv Decl Unch
Nasdaq 3,336 2,133 199
NYSE 2,019 965 97

11:25:48 AM MS: mixed (bulls fightin' bears)
CBOE VIX 21.070.20
Market Adv Decl Unch
Nasdaq 3,443 2,174 235
NYSE 2,094 946 77

11:57:40 AM
CBOE VIX 20.72-0.15
Market Adv Decl Unch
Nasdaq 3,857 1,875 216
NYSE 2,277 776 85


Open Trades as of EOD 30 July
Live
SymbolDescriptionStockQTYCost BasisTotal c/bPriceMarket ValueGain/Loss
PCRJPPCR OCT 80 Call61.371$5.20$520.00$2.00$200.00($320.00)
T 150$+ Xit 1. WR dips under -20 on volume 2. dip 71.05 on vol. 3. T Xit 7 Aug
RIOHR %RIO AUG 57.5 Call48.551$0.45$45.00$0.10$10.00($35.00)
Put on a 0.05 points down last trailing stop (GTC).
Virtual
Symbol Description Stock Qty Cost Basis Total C/B Price Market Value Gain / Loss
.TEXJS TEX OCT 95 Call $89.28 1 $6.60 $660.00 $5 $500.00 ($160.00)
Target: $94,85, next earnings 7/25/2007
.WFTAL WFT JAN 2008 60 Call $55.48 1 $5.90 $590.00 $4.1 $410.00 ($180.00)
T: $63,67, Xit if price dips on volume or JC