A Tycoon's Trading Diary

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

Tuesday, July 03, 2007

Pre-holiday Tuesday

Filtered Trade Candidates for the Day
GAPHV: BHP (+nice W%R hook under 80) 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)

Trade Session Notes
Nikkei...18149.90...+3.60...+0.0%.
Hang Seng
...22151.14...+378.41...+1.7%.
FTSE...6625.80...+35.20...+0.5%.
DAX
...8043.78...+85.54...+1.1%.

9:36:17 AM Market start: rather bullish
CBOE VIX 15.24-0.16
Market Adv Decl Unch
Nasdaq 2,137 1,539 232
NYSE 1,423 820 182

10:12:01 AM Market sentiment: bullish
CBOE VIX 15.02-0.38
Market Adv Decl Unch
Nasdaq 2,989 1,996 259
NYSE 1,782 994 133

11:25:13 AM Sentiment: bullish
CBOE VIX 14.99-0.41
Market Adv Decl Unch
Nasdaq 3,152 2,319 267
NYSE 1,730 1,175 124

1:00:07 PM It seems that market conditions are favorable for a trade, thus I have entered the following trade: 2 contracts of BHP NOV 65 Call @ $4 at market. Got filled naturally.

Open Trades as of EOD 2 July
.UPUGR CTSH JUL 90 Call $76.18 $0.00 ($560.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.PAQHR PCAR AUG 90 Call $89.48 $3.70 ($30.00)
Notes Open GAPHV day 8 light retracement
.SWQSV SNDK JUL 42.5 Put $48.40 $0.12 ($436.00)
Notes Complete looser part!!!
.TEXJQ TEX OCT 85 Call $85.46 $7.40 ($160.00)
Notes TTC-A, watch for %Williams -50!!! bounce or not, 81.5 support