A Tycoon's Trading Diary

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

Monday, July 02, 2007

Good Monday

General notes


Filtered Trade Candidates for the Day

GAPHV: MBT (has to wait to clear buy-point on heavy volume), SPWR (cleared buying point shall spot the upswing and set target)

Trade Session Notes
Nikkei...18146.30...+7.94...+0.0%.
Hang Seng
...Holiday.........
FTSE...6579.90...-28.00...-0.4%.
DAX
...7929.90...-77.42...-1.0%.

10:04:15 AM Market sentiment: slightly bullish
CBOE VIX 15.78-0.45
Market Adv Decl Unch
Nasdaq 3,665 1,238 202
NYSE 2,143 587 123

10:27:48 AM MS: bullish
CBOE VIX 15.64-0.59
Market Adv Decl Unch
Nasdaq 3,797 1,390 188
NYSE 2,201 604 102

11:15:16 AM MS: bullish
CBOE VIX 15.61-0.62
Market Adv Decl Unch
Nasdaq 3,935 1,503 206
NYSE 2,272 612 103

12:01:10 PM MS: bullish
CBOE VIX 15.6-0.63
Market Adv Decl Unch
Nasdaq 3,919 1,669 211
NYSE 2,231 695 111

I did not like volume drying up across my closer watch list and RIMM was really just out of control (options leaping 100% from Friday). Thus I told myself. Go and have a climb!

Open Trades as of EOD 29 June
.UPUGR CTSH JUL 90 Call $75.00 $0 ($560.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $87.04 $2.6 ($140.00)
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $48.94 $0.05 ($450.00)
Notes Complete looser part!!!
.TEXJQ TEX OCT 85 Call $81.30 $5.3 ($370.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support