A Tycoon's Trading Diary

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

Wednesday, July 11, 2007

Wednesday the magic way

Filtered Trade Candidates for the Day
GAPHV: MBT (has to wait to clear buy-point on heavy volume)
TTC-A: CAT (nice hook, Ind Grp:
A+, but distribution during the trading day)
Best bets: SCHN, CMI, TEX

Trade Session Notes
Nikkei...18049.51...-203.16...-1.1%.
Hang Seng
...22607.02...-278.82...-1.2%.
FTSE...6614.40...-16.50...-0.3%.
DAX
...7882.85...-81.91...-1.0%.

9:59:16 AM MO: slightly bearish
CBOE VIX 17.830.26
Market Adv Decl Unch
Nasdaq 2,000 2,826 239
NYSE 1,062 1,613 146

10:29:02 AM MS: neutral
CBOE VIX 17.54-0.03
Market Adv Decl Unch
Nasdaq 2,662 2,463 261
NYSE 1,453 1,339 124

12:12:25 PM MS: sligthly bullish
CBOE VIX 17.01-0.56
Market Adv Decl Unch
Nasdaq 3,206 2,367 294
NYSE 1,708 1,213 111

12:57:51 PM MS: neutralizing
CBOE VIX 17.-0.57
Market Adv Decl Unch
Nasdaq 2,992 2,710 273
NYSE 1,535 1,394 134

1:13:48 PM Limit 6.60 order for 1 contract of TEX 95 Sep Call
CBOE VIX 17.-0.57
Market Adv Decl Unch
Nasdaq 3,011 2,708 288
NYSE 1,570 1,373 128

Open Trades as of EOD 10 July
Symbol Description Stock Qty Price Market Value Gain / Loss
.BHPKM BHP NOV 65 Call $65.08 1 $5.7 $570.00 $170.00
.UPUGR CTSH JUL 90 Call $79.84 1 $0.05 $5.00 ($555.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.SWQSV SNDK JUL 42.5 Put $51.28 2 $0.1 $20.00 ($440.00)
Notes Complete looser part!!!