It’s been a long, long time since I’ve said anything on the blog. So here is what’s happening. My single trade in May worked out just fine. The paper money account is nicely up for the year, so is my personal account.
I’ll try to find another trade coming up here shortly. The markets look pretty [...]
Here we go again. It’s just about option expiration Friday and it’s looking like the papermoney and my personal positions are all shaping up to be quite nice. I’ve also put out a few orders for a few new May positions, basically copying the current April ones and rolling them out. I’ll [...]
With about a week to go until expiration it’s time to give an update on my current positions.
Papermoney
The papermoney positions for this month are in great shape! As I write this post on Sunday, the last trade on the
DIA(114.44 +2.09) was at 123 and the
SPY(126.53 +2.11) at 133. Those two quotes [...]
Okay, so today I put on another position in my personal account. The size of the position isn’t very large, but I think it’s a pretty good play. It is on the
RUT(732.16 +13.31) and is a bullish Put spread.
Today I sold the April 2008 630/620 PUT Spread on the CBOE for $.50. The risk [...]
I’ve been filled on my closing orders to buy back the current
RUT(732.16 +13.31) position for $0.15 debit. I realize that I may have left some profit on the table here - however getting my money out of the market to avoid expiration risk was worth it to me. I have seen the RUT gap [...]
So, let’s take a look at the current
RUT(732.16 +13.31) trade. Below is a snapshot that I took from the Analyze page in the thinkorswim platform for my current papermoney Russell 2000 position.
Here is what you are looking at. The white line is Jan 10th 2008 theoretical value of the current position, the green [...]
It had to come soon, we were simply way to oversold. Time decay is really on our side now. If the RUT can hold the current levels until Monday then it shouldn’t be too hard to get away with a decent profit.
The major indexes today staged a late day rally that really helped. [...]
What would happen if… my thoughts on an interesting trading idea. A bit of analysis and some more follow up to come in a few weeks once this plays out for real.
