A Tycoon's Trading Diary

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

Tuesday, July 17, 2007

Tuesday, the cruising way

Filtered Trade Candidates for the Day
GAPHV: CAT (a bit extended and too close to earnings report) BCSI (looked positive on volume, early in the trading day)

Trade Session Notes
Nikkei...18217.27...-21.68...-0.1%.
Hang Seng
...23057.30...+103.36...+0.5%.
FTSE...6640.50...-57.20...-0.9%.
DAX
...8020.81...-84.88...-1.1%.
8:56:22 AM
CBOE VIX 15.590.44

9:50:02 AM MO: bullish
CBOE VIX 15.37-0.22
Market Adv Decl Unch
Nasdaq 2,898 1,585 235
NYSE 1,641 1,028 150

10:25:45 AM MS: bullish
CBOE VIX 15.39-0.20
Market Adv Decl Unch
Nasdaq 3,019 2,060 262
NYSE 1,573 1,195 146

11:22:44 AM MS: Still holding the corns up
CBOE VIX 15.52-0.07
Market Adv Decl Unch
Nasdaq 3,038 2,411 256
NYSE 1,558 1,302 131

2:47:53 PM MS:
CBOE VIX 15.4-0.19
Market Adv Decl Unch
Nasdaq 3,244 2,636 255
NYSE 1,626 1,356 125


Open Trades as of EOD 16 July
Symbol Description Stock Qty Cost Basis Total C/B Price Market Value Gain / Loss
Live
PAQKTPCAR NOV 100 Call$94.151$4.50$450.00$4.90$490.00$40.00
Virtual
.BHPKM BHP NOV 65 Call $66.76 1 $4.00 $400.00 $6.5 $650.00 $250.00
Exit point of second half if W%R dips under -20 on volume.
.CDMIC CMI SEP 115 Call $117.96 1 $8.30 $830.00 $10.2 $1,020.00 $190.00
Target at around $122 or $12 premium.
.UPUGR CTSH JUL 90 Call $85.68 1 $5.60 $560.00 $0.15 $15.00 ($545.00)
Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.TEXJS TEX OCT 95 Call $94.13 1 $6.60 $660.00 7.9 $790.00 $130.00
Target: $94,85