A Tycoon's Trading Diary

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

Friday, July 06, 2007

Rushy lazy Friday

Trade Session Notes
Nikkei...18140.94...-80.54...-0.4%.
Hang Seng
...22531.74...+278.75...+1.3%.
FTSE...6674.60...+39.40...+0.6%.
DAX
...8013.46...+26.33...+0.3%.
CBOE VIX close on 3 July: 15.48

10:50:26 AM Market sentiment: neutral to slightly bullish
CBOE VIX 15.04-0.44
Market Adv Decl Unch
Nasdaq 2,678 2,577 254
NYSE 1,426 1,374 138

Put a trailing stop (.10 points down from $5.3, on half of my BHP position as it was quite up, even in volume as you can see down here)
BHP B H P Billiton Ltd Adr 65.08 + 1.20Up + 2% + 76%

11:40:41 AM ET Market sentiment: bullish
CBOE VIX 14.79-0.69
Market Adv Decl Unch
Nasdaq 3,267 2,170 286
NYSE 1,741 1,129 140

12:00:34 PM Market sentiment: slightly bullish
CBOE VIX 14.78-0.70
Market Adv Decl Unch
Nasdaq 3,243 2,263 276
NYSE 1,697 1,180 145

Put on a trade that I was after for a while (.MBTIL MBT SEP 60 Call Limit 6.50).

Open Trades as of EOD 3 July
.BHPKM BHP NOV 65 Call $63.88 $800.00 $4.6 $920.00 $120.00
.UPUGR CTSH JUL 90 Call $74.41 $560.00 $0 $0.00 ($560.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $89.30 $400.00 $3.5 $350.00 ($50.00)
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $48.09 $460.00 $0.3 $60.00 ($400.00)
Notes Complete looser part!!!
.TEXJQ TEX OCT 85 Call $84.58 $900.00 $6.8 $680.00 ($220.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support