A Tycoon's Trading Diary

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

Thursday, July 19, 2007

Got to sort my trading template rules for GAPHV

Filtered Trade Candidates for the Day
PCR: gapped up 5 bars ago, last bar retraced on light volume, earnings Aug 7, target: $71,58 PASSED; TEX: gapped up 3 and 8 bars ago on high volume, last three bars were down, W%R just dip under -20, earnings Jul 25, target: $94,85 ; BHP: already traded before, GAPHV 5 bars ago, last 4 bars average volume retracement - gap down high close, W%R dive under -20 (-30), earnings Aug 22, target: $68,87; PCAR: waiting for a retracement, earnings Jul 24, target: $99,05

Trade Session Notes
Nikkei...18116.57...+100.99...+0.6%.
Hang Seng
...23016.20...+174.28...+0.8%.
FTSE...6611.60...+44.50...+0.7%.
DAX
...7964.62...+71.01...+0.9%.
9:26:39 AM ET
CBOE VIX 16.0.37

9:49:22 AM MO: bullish!
CBOE VIX 15.39-0.61

10:20:51 AM MS: Bullish
CBOE VIX 15.18-0.82
Market Adv Decl Unch
Nasdaq 3,551 1,500 207
NYSE 1,923 834 143

10:57:48 AM MS: bullish
CBOE VIX 15.33-0.67
Market Adv Decl Unch
Nasdaq 3,417 1,916 237
NYSE 1,801 1,024 148

11:24:08 AM MS: bullish
CBOE VIX 15.25-0.75
Market Adv Decl Unch
Nasdaq 3,533 1,953 214
NYSE 1,839 1,022 144

11:52:33 AM MS: bullish
CBOE VIX 15.29-0.71
Market Adv Decl Unch
Nasdaq 3,502 2,037 258
NYSE 1,799 1,100 139

12:22:00 PM MS: bullish
CBOE VIX 15.19-0.81
Market Adv Decl Unch
Nasdaq 3,559 2,063 248
NYSE 1,882 1,035 140

12:28:43 PM placed limit trade for 1 contract of PCR OCT 80 Call @ 5.2 limit.

12:55:46 PM MS: bullish
CBOE VIX 15.13-0.87
Market Adv Decl Unch
Nasdaq 3,672 2,017 252
NYSE 1,900 1,045 131

1:26:42 PM MS: bullish
CBOE VIX 15.21-0.79
Market Adv Decl Unch
Nasdaq 3,637 2,102 247
NYSE 1,881 1,081 131


Open Trades as of EOD 18 July
Virtual
Symbol Description Stock Qty Cost Basis Total C/B Price Market Value Gain / Loss
.UPUGR CTSH JUL 90 Call $84.99 1 $5.60 $560.00 $0 $0.00 ($560.00)
Notes Break even at $4.55. Expiry at 20 July, Friday. Next Earnings 8/1/2007
.TEXJS TEX OCT 95 Call $93.32 1 $6.60 $660.00 $7.4 $740.00 $80.00
Notes Target: $94,85, next earnings 7/25/2007