Now one can follow our trades at Collective2 through the link posted above.
It has been a long time since this Blog was updated. Time flies away, specially, when we are having fun. Writer was away to ATLANTA Georgia attending a STOCK OPTIONS Trading course as well as visiting old College Friend. Meeting a friend from student days and after a span of 34 Years, was amazing. We sure caught up on missing links and time.
Our THIRD trade in Collective2: COF
COF: We opened this trade on May 1st, 2008 at a price of $6.70 and on May 13th, 2008, we closed this trade at $ 8.00, for a profit of 19.40 % in 12 days.
Oil and Energy sector has blown away upside, way beyond our normal projections and naturally our trades have also been dragged wrong way. We were kinds of prepared for the unknowns here as well as our planned trip and that is why our open trades in AKS, CLHB and WLT are of longer duration then normal.
Sanity always prevails and markets always turn back to median prices and then overshoot some. Till then we watch our trades as they still have 3 to 4 months time line and watch for new near term trades.
MAIN MARKETS : After kissing and touching the lofty level of 1440 in S&P, markets have retraced some and after the Memorial day holiday, volume and volatility should return to markets.
Enjoy the long weekend holiday and come ready for fun and action.
Stay tuned.
Harry
Friday, May 23, 2008
Sunday, May 4, 2008
Follow our trades LIVE .. WLT, CLHB, COF, AKS.
At Collective2 our system is called "myoptiontrades".
One can follow our trades live at above link and that will take you directly to our system. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein is assigned a new ranking based on our performance and a graphical "Verification Badge" image to show that our trading is being verified by Collective2.
We closed our second Collective2 trade: APA
APA: We opened this trade on April 30, 2008 at a price of $ 9.60 and following day, May 1st, 2008 we LIMIT closed it for $11.50, an amazing one day profit of 19.79 %.
Our open trades on Collective2 are: CLHB, WLT, COF, AKS
Markets past two weeks have been on Steriods and blasted through resistance which normally should have at least taken some time.
Is the Break out or Fake out ???
Time only will tell and enlighten us in due course. This kind of strength could possibly be short squeeze and seems everyone and their brother is Bullish now. $VIX is lowest since Credit Crisis blew our minds and Financial system came close to collapse. Amazing how fast winds change.
It is absolute time for caution .. think seriously as fundamentals of the markets have not changed and remember, BEAR market rallies are always powertools to disorient the players. Stay with the trend as long as it lasts and be prepared to switch directions should trends reverse.
Happy trading.
Harry
One can follow our trades live at above link and that will take you directly to our system. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein is assigned a new ranking based on our performance and a graphical "Verification Badge" image to show that our trading is being verified by Collective2.
We closed our second Collective2 trade: APA
APA: We opened this trade on April 30, 2008 at a price of $ 9.60 and following day, May 1st, 2008 we LIMIT closed it for $11.50, an amazing one day profit of 19.79 %.
Our open trades on Collective2 are: CLHB, WLT, COF, AKS
Markets past two weeks have been on Steriods and blasted through resistance which normally should have at least taken some time.
Is the Break out or Fake out ???
Time only will tell and enlighten us in due course. This kind of strength could possibly be short squeeze and seems everyone and their brother is Bullish now. $VIX is lowest since Credit Crisis blew our minds and Financial system came close to collapse. Amazing how fast winds change.
It is absolute time for caution .. think seriously as fundamentals of the markets have not changed and remember, BEAR market rallies are always powertools to disorient the players. Stay with the trend as long as it lasts and be prepared to switch directions should trends reverse.
Happy trading.
Harry
Tuesday, April 29, 2008
CLHB Trade .. Follow our trades LIVE
Markets were mixed as WALL STREET awaits the GDP data tomorrow morning at 8 30 AM and FOMC decision on Interest rates at 2 15 PM. This could turn out to be a very volatile day. Commodity prices fell sharply and dollar rose in anticipation. Exciting times ahead.
SWN closed at target LIMIT price with a profit of 19.05 % in a day.
CLHB is our next trade, under sector Waste and Disposal Services.
Now one can follow our trades LIVE on :: http://www.collective2.com/go/myoptiontrades
Our system at Collective2 is called "myoptiontrades". Above link will take you directly to our system. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein will be assigned a ranking and a graphical "Verification Badge" image to show that our trading is being verified by Collective2
Once you choose to subscribe the system, subscriptions cost $ 99 at the end of each month, but only if the system has been profitable. However, if the system has not been profitable during the month then you do not pay anything. That sure sounds very FAIR !!!!
Happy trading ahead and please do sleep well tonight for lots of excitement tomorrow.
Harry
SWN closed at target LIMIT price with a profit of 19.05 % in a day.
CLHB is our next trade, under sector Waste and Disposal Services.
Now one can follow our trades LIVE on :: http://www.collective2.com/go/myoptiontrades
Our system at Collective2 is called "myoptiontrades". Above link will take you directly to our system. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein will be assigned a ranking and a graphical "Verification Badge" image to show that our trading is being verified by Collective2
Once you choose to subscribe the system, subscriptions cost $ 99 at the end of each month, but only if the system has been profitable. However, if the system has not been profitable during the month then you do not pay anything. That sure sounds very FAIR !!!!
Happy trading ahead and please do sleep well tonight for lots of excitement tomorrow.
Harry
Monday, April 28, 2008
SWN Trade .. Follow our trades LIVE.
Time really flies away. Our Trade Performance has not been updated for a while. Trading in Volatile times like we have had for last one year, it takes a lot to focus on trades and post / update the blog with commentary and real trades performance.
One of our very regular BLOG reader suggested and asked us to post our trades live through http://www.collective2.com/, so that anyone interested in following our trades and make some money in the markets could opt in and do same. You can go there direct ...
http://www.collective2.com/go/myoptiontrades
Our system at Collective2 site has been named "myoptiontrades". Above link will take you directly to our system and we welcome you to look it up and check us out. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein will be assigned a ranking and a graphical "Verification Badge" image to show that our trading is being verified by Collective2
Once you choose to subscribe the system, subscriptions cost $ 99 at the end of each month, but only if the system has been profitable. However, if the system has not been profitable during the month then you do not pay anything. That sure sounds very FAIR !!!!
As you will notice from posted Trade Performance at left top, we have had profitable returns for each and every month on our real account trades, ever since we started the BLOG.
Still, DUE DELIGENCE is the key word and as always, past performance is no guarantee of future results. Only use RISK MONEY that you can afford to lose without affecting your day to day lifestyle.
Our registered first trade in "myoptiontrades" on Collective2 is "SWN" . Oil and Energy specially and Markets overall look extended and likely over bought and volatility has almost died down to lowest levels in last year or so, ever since the "Credit Crisis" rocked and rolled the world wide markets.
Is this CALM before the storm ?? Well, at this moment noone knows what is in store but we all will surely find out soon. FOMC and NONFARM payrolls along with other readings, specially GDP numbers should shake things up.
GOOD TRADING and HAPPY TIMES ahead.
Harry
One of our very regular BLOG reader suggested and asked us to post our trades live through http://www.collective2.com/, so that anyone interested in following our trades and make some money in the markets could opt in and do same. You can go there direct ...
http://www.collective2.com/go/myoptiontrades
Our system at Collective2 site has been named "myoptiontrades". Above link will take you directly to our system and we welcome you to look it up and check us out. They have awesome trading system technology and besides, this will provide third party verification, add advanced Statistics as well as analysis capabilities.
Each night, our trading system therein will be assigned a ranking and a graphical "Verification Badge" image to show that our trading is being verified by Collective2
Once you choose to subscribe the system, subscriptions cost $ 99 at the end of each month, but only if the system has been profitable. However, if the system has not been profitable during the month then you do not pay anything. That sure sounds very FAIR !!!!
As you will notice from posted Trade Performance at left top, we have had profitable returns for each and every month on our real account trades, ever since we started the BLOG.
Still, DUE DELIGENCE is the key word and as always, past performance is no guarantee of future results. Only use RISK MONEY that you can afford to lose without affecting your day to day lifestyle.
Our registered first trade in "myoptiontrades" on Collective2 is "SWN" . Oil and Energy specially and Markets overall look extended and likely over bought and volatility has almost died down to lowest levels in last year or so, ever since the "Credit Crisis" rocked and rolled the world wide markets.
Is this CALM before the storm ?? Well, at this moment noone knows what is in store but we all will surely find out soon. FOMC and NONFARM payrolls along with other readings, specially GDP numbers should shake things up.
GOOD TRADING and HAPPY TIMES ahead.
Harry
Saturday, April 12, 2008
LEH, WLT, WLL, COG, DVN, XEC, FDG, MMR and ISRG
GE earnings were lower then expectations and stock dropped down nearly 13%. This is the first time since 1987 that GE has failed the markets and this brought back vivid memories of BLACK MONDAY.
With G7 meeting this weekend, we have masters in session, as worried as we all are. $VIX index inched up as Dow fell 256.56 points, Nasdaq down 61.46 and S&P down 27.72. Monday morning will likely open lower and we go from there, as that will likely fill the last Gap in Indicies.
Stay awake this week as MER and C are due to deliver ( ugly ) results for the first quarter. As heard on Fast Money Friday, market will likely spare only one from LEH or MER in the coming days. Let us see how that pares out.
We have nine, yes 9, open trades at this time. We have however shunned the shorter term trades and gone with atleast 60 to 120 days time options as markets have not been kind and wild swings are the norm.
2008 Project Mercedes
Account Value: $ 9,624.90
Account Return for 2008: 92.58 %
OPEN TRADES::
LEH, WLT, WLL, COG, DVN, XEC, FDG, MMR, ISRG
------------------------------------------------------------------------
Trades since our last update are as under:
Trade # 40 Part LEH
Put July 10 Buy: $ 0.75 Sell: $ 0.90 Lots 8
Return:: 20 %
Trade # 45 SGP
Call Aug 12.50 Buy: $ 2.90 Sell: $ 3.60 Lots 2
Return:: 24 %
Trade # 46 MRK
Call Jul 37.50 Buy: $ 3.50 Sell: $ 4.00 Lots 2
Return:: 14 %
Trade # 47 SPY
Put Apr 136 Buy: $ 2.61 Sell: $ 2.24 Lots 2
Return:: ( = ) 14 %
Trade # 48 LNG
Call Jun 20 Buy: $ 2.20 Sell: $ 2.40 Lots 2
Return:: 9 %
Trade # 49 SPY
Put Jun 138 Buy: $ 6.35 Sell: $ 7.05 Lots 1
Return:: 11 %
Trade # 50 QID
Call Jul 46 Buy: $ 5.20 Sell: $ 5.40 Lots 1
Return:: 4 %
Trade # 51 DXD
Call Jul 53 Buy: $ 5.10 Sell: $ 5.50 Lots 1
Return:: 8 %
Trade # 57 AXP
Call Apr 42.50 Buy: $ 2.30 Sell: $ 2.60 Lots 2
Return:: 13 %
Trade # 59 APA
Put 120 May 120 Buy: $ 3.50 Sell: $ 4.20 Lots 1
Return:: 20 %
Markets are turbulent ahead. Play safe.
Harry
With G7 meeting this weekend, we have masters in session, as worried as we all are. $VIX index inched up as Dow fell 256.56 points, Nasdaq down 61.46 and S&P down 27.72. Monday morning will likely open lower and we go from there, as that will likely fill the last Gap in Indicies.
Stay awake this week as MER and C are due to deliver ( ugly ) results for the first quarter. As heard on Fast Money Friday, market will likely spare only one from LEH or MER in the coming days. Let us see how that pares out.
We have nine, yes 9, open trades at this time. We have however shunned the shorter term trades and gone with atleast 60 to 120 days time options as markets have not been kind and wild swings are the norm.
2008 Project Mercedes
Account Value: $ 9,624.90
Account Return for 2008: 92.58 %
OPEN TRADES::
LEH, WLT, WLL, COG, DVN, XEC, FDG, MMR, ISRG
------------------------------------------------------------------------
Trades since our last update are as under:
Trade # 40 Part LEH
Put July 10 Buy: $ 0.75 Sell: $ 0.90 Lots 8
Return:: 20 %
Trade # 45 SGP
Call Aug 12.50 Buy: $ 2.90 Sell: $ 3.60 Lots 2
Return:: 24 %
Trade # 46 MRK
Call Jul 37.50 Buy: $ 3.50 Sell: $ 4.00 Lots 2
Return:: 14 %
Trade # 47 SPY
Put Apr 136 Buy: $ 2.61 Sell: $ 2.24 Lots 2
Return:: ( = ) 14 %
Trade # 48 LNG
Call Jun 20 Buy: $ 2.20 Sell: $ 2.40 Lots 2
Return:: 9 %
Trade # 49 SPY
Put Jun 138 Buy: $ 6.35 Sell: $ 7.05 Lots 1
Return:: 11 %
Trade # 50 QID
Call Jul 46 Buy: $ 5.20 Sell: $ 5.40 Lots 1
Return:: 4 %
Trade # 51 DXD
Call Jul 53 Buy: $ 5.10 Sell: $ 5.50 Lots 1
Return:: 8 %
Trade # 57 AXP
Call Apr 42.50 Buy: $ 2.30 Sell: $ 2.60 Lots 2
Return:: 13 %
Trade # 59 APA
Put 120 May 120 Buy: $ 3.50 Sell: $ 4.20 Lots 1
Return:: 20 %
Markets are turbulent ahead. Play safe.
Harry
Tuesday, April 1, 2008
LEH, LNG, MRK, SGP, SPY, WLT, WLL
Stock Options is a great medium to enhamce and improve your capital base in tough financial environment that we are passing through. Noone exactly knows or understands the Derivative Stockpiles that world is piled on through the numerous world wide Bubbles.
George Soros, one of the greatest speculator, who made 1 Billion dollars overnight in his famous GBP trade has been so worried that he has come out with an e book on this current crisis, as he cannot wait for the real book to be published sometime in May 2008. That sure is something to think about.
Our 2008 Project Mercedes has been fruitful so far. If you would like to drive a brand new Mercedes Benz without spending any of your own money, feel free to e mail us and we will send you a complete article on how to do just that, with the help of stock options.
2008 Project Mercedes
Account Value: $ 9158.90
Account Return for 2008: 83.18 %
Open trades as of date: LEH, LNG, MRK, SGP, SPY, WLT, WLL
------------------------------------------------------------------------
Meanwhile, closed trades since our last trades update are as under:
Trade # 43 SPY
Call Jun 132 Buy: $ 6.95 Sell: $ 805 Lots 2
Return:: 16 %
Trade # 41 APA
Put May 120 Buy: $ 7.20 Sell: $ 8.10 Lots 2
Return:: 13 %
Trade # 39 WMT
Put Jun 55 Buy: $ 3.10 Sell: $ 3.50 Lots 3
Return:: 13 %
Trade # 38 NFLX
Put Jun 40 Buy: $ 5.80 Sell: $ 6.40 Lots 2
Return:: 10 %
Trade # 37 INSP
Put 11 Buy: $ 1.20 Sell: $ 1.15 Lots 2
Return:: ( - ) 4 %
Trade # 36 AAPL
Put Apr 140 Buy: $ 5.65 Sell: $ 6.00 Lots 2
Return:: 6 %
Trade # 35 AAPL
Put Apr 135 Buy: $ 3.60 Sell: $ 4.00 Lots 2
Return:: 11 %
Trade # 34 ALO
Put Jun 30 Buy: $ 4.00 Sell: $ 3.80 Lots 2
Return:: ( - ) 5 %
Trade # 33 PCP
Call Apr 100 Buy: $ 4.30 Sell: $ 4.55 Lots 2
Return:: 6 %
Trade # 32 GRMN
Call Apr 60 Buy: $ 3.30 Sell: $ 3.60 Lots 2
Return:: 9 %
Trade # 31 BG
Call Apr 90 Buy: $ 7.30 Sell: $ 8.20 Lots 1
Return:: 12 %
Trade # 30 AAPL
Call Apr 135 Buy: $ 4.45 Sell: $ 7.60 Lots 2
Return:: 71 %
Trade # 29 AAPL
Call Apr 130 Buy: $ 6.60 Sell: $ 10.80 Lots 2
Return:: 64 %
Trade # 28 FXE
Put Apr 157 Buy: $ 2.70 Sell: $ 3.00 Lots 2
Return:: 11 %
Trade # 19 SPY
Call Mar 135 Buy: $ 1.83 Sell: 1.24 Lots 14
Return:: ( - ) 32.25 %
Trade # 12 $OEX
Call Mar 645 Buy: $ 2.25 Sell Zero Lots 12
Return:: NIL... Expired Worthless
Markets : Volatility is down and good upswings all over. That spells CAUTION as we are getting closer to first target resistances.
We will return with further Market updates. Stay awake as it will surely get exciting with FED testimony coming two days and NON FARM numbers coming up this Friday.
Happy trading.
Harry
George Soros, one of the greatest speculator, who made 1 Billion dollars overnight in his famous GBP trade has been so worried that he has come out with an e book on this current crisis, as he cannot wait for the real book to be published sometime in May 2008. That sure is something to think about.
Our 2008 Project Mercedes has been fruitful so far. If you would like to drive a brand new Mercedes Benz without spending any of your own money, feel free to e mail us and we will send you a complete article on how to do just that, with the help of stock options.
2008 Project Mercedes
Account Value: $ 9158.90
Account Return for 2008: 83.18 %
Open trades as of date: LEH, LNG, MRK, SGP, SPY, WLT, WLL
------------------------------------------------------------------------
Meanwhile, closed trades since our last trades update are as under:
Trade # 43 SPY
Call Jun 132 Buy: $ 6.95 Sell: $ 805 Lots 2
Return:: 16 %
Trade # 41 APA
Put May 120 Buy: $ 7.20 Sell: $ 8.10 Lots 2
Return:: 13 %
Trade # 39 WMT
Put Jun 55 Buy: $ 3.10 Sell: $ 3.50 Lots 3
Return:: 13 %
Trade # 38 NFLX
Put Jun 40 Buy: $ 5.80 Sell: $ 6.40 Lots 2
Return:: 10 %
Trade # 37 INSP
Put 11 Buy: $ 1.20 Sell: $ 1.15 Lots 2
Return:: ( - ) 4 %
Trade # 36 AAPL
Put Apr 140 Buy: $ 5.65 Sell: $ 6.00 Lots 2
Return:: 6 %
Trade # 35 AAPL
Put Apr 135 Buy: $ 3.60 Sell: $ 4.00 Lots 2
Return:: 11 %
Trade # 34 ALO
Put Jun 30 Buy: $ 4.00 Sell: $ 3.80 Lots 2
Return:: ( - ) 5 %
Trade # 33 PCP
Call Apr 100 Buy: $ 4.30 Sell: $ 4.55 Lots 2
Return:: 6 %
Trade # 32 GRMN
Call Apr 60 Buy: $ 3.30 Sell: $ 3.60 Lots 2
Return:: 9 %
Trade # 31 BG
Call Apr 90 Buy: $ 7.30 Sell: $ 8.20 Lots 1
Return:: 12 %
Trade # 30 AAPL
Call Apr 135 Buy: $ 4.45 Sell: $ 7.60 Lots 2
Return:: 71 %
Trade # 29 AAPL
Call Apr 130 Buy: $ 6.60 Sell: $ 10.80 Lots 2
Return:: 64 %
Trade # 28 FXE
Put Apr 157 Buy: $ 2.70 Sell: $ 3.00 Lots 2
Return:: 11 %
Trade # 19 SPY
Call Mar 135 Buy: $ 1.83 Sell: 1.24 Lots 14
Return:: ( - ) 32.25 %
Trade # 12 $OEX
Call Mar 645 Buy: $ 2.25 Sell Zero Lots 12
Return:: NIL... Expired Worthless
Markets : Volatility is down and good upswings all over. That spells CAUTION as we are getting closer to first target resistances.
We will return with further Market updates. Stay awake as it will surely get exciting with FED testimony coming two days and NON FARM numbers coming up this Friday.
Happy trading.
Harry
Thursday, March 27, 2008
Stock Options account from $5,000 to $22,000 and $ 40,000 Margin Call
Wow... what a week so far. Markets are relatively stable but our account exploded. Read on pls.
Monday morning we closed our positions carried over from last week and opened some new trades later on during the day.
And then starts some fun time with account balances exploding upside and Margin calls. Due some computer glitch, seems we had some positions carried forward that should not have.
Result was .. our account balances jump to over $22,000 ( how nice ) on Monday night followed by a huge Margin Call Tuesday at 11 AM to deposit $ 25,000 by 2 PM same day or else all positions will be liquidated.
Within minutes of that margin call, we closed all open position at that time, about 6 of them, at the Market, without even glancing at ongoing prices. With all positions having closed at Market before the due time for margin call, margin requirements exploded ever higher.
Another Margin call came though following day for $40,000 and account was locked out automatically. We could neither trade nor figure out what was happening, as the account was referred to RISK Management at our Broker and they were looking into it.
This morning, however, everything opened back normally.
Due to all these haphhazard trades, that we had to close at moments Margin Call notice, account balances have naturally suffered. In addition, two Index trades have closed almost worth less at expiry and we will attribute that to our negligence, over confidence ( leaving open trade while away on holiday ) as well as BEAR STEARN domino affect on the markets.
We are sorting out all positions and will report final situation as of month end. Inspite of all this, we still have over 75% returns for less then three months, when all Indices and markets are seriously negative.
Open trades at this time are:: LEH, APA, WLT.
Happy tradin.
Harry
Monday morning we closed our positions carried over from last week and opened some new trades later on during the day.
And then starts some fun time with account balances exploding upside and Margin calls. Due some computer glitch, seems we had some positions carried forward that should not have.
Result was .. our account balances jump to over $22,000 ( how nice ) on Monday night followed by a huge Margin Call Tuesday at 11 AM to deposit $ 25,000 by 2 PM same day or else all positions will be liquidated.
Within minutes of that margin call, we closed all open position at that time, about 6 of them, at the Market, without even glancing at ongoing prices. With all positions having closed at Market before the due time for margin call, margin requirements exploded ever higher.
Another Margin call came though following day for $40,000 and account was locked out automatically. We could neither trade nor figure out what was happening, as the account was referred to RISK Management at our Broker and they were looking into it.
This morning, however, everything opened back normally.
Due to all these haphhazard trades, that we had to close at moments Margin Call notice, account balances have naturally suffered. In addition, two Index trades have closed almost worth less at expiry and we will attribute that to our negligence, over confidence ( leaving open trade while away on holiday ) as well as BEAR STEARN domino affect on the markets.
We are sorting out all positions and will report final situation as of month end. Inspite of all this, we still have over 75% returns for less then three months, when all Indices and markets are seriously negative.
Open trades at this time are:: LEH, APA, WLT.
Happy tradin.
Harry
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