Papermoney Portfolio
Papermoney
After doubling up the first Papermoney account from $100,000 to just a bit over $211,000 in a little under three years (May 2006 -> Feb 2009), I figured it was time to start this all over. I’m going to leverage many different strategies in this account, and will try to keep a simple to follow log of the trades here on the portfolio summary page.
Trade Summary (For Educational Purposes Only) –
Disclaimer – All trades simulated - Account Re-Opened Oct 12 2009 with $100,000 initial balance. I’m simulating a $100K long term managed money account. The strategies here are going aimed at returning around 2-4% per month.
Trade Type Activity Date Amount Fees Notes
Opening Balance BAL Account Reset 10/12/09 100,000.00 - After doubling up the first portfolio, I felt it was time to do it again. This time I am modeling a little more of a money management style.
FUQI - Oct 09 Buy Open BOT +300 FUQI @28.28 10/12/09 -8,484.00 -5 FUQI looks like a very solid Jewelry play. Great financials and fundamentals.
FUQI - Oct 09 Sell Open SOLD -3 FUQI 100 NOV 09 29 CALL @2.30 10/12/09 690 -8.85
FUQI - Oct 09 Stopped Out SOLD -300 FUQI @24.86 10/27/09 7,458.00 -5 Stop was triggered, that is a shame - I like this one.
FUQI - Oct 09 Summary Trade Summary -336.00 -18.85
SID - Oct 09 Buy Open BOT +200 SID @33.14 10/12/09 -6,628.00 -5 Same story with SID, solid fundamentals and financials. I am hoping this gets called away quickly as well.
SID - Oct 09 Sell Open SOLD -2 SID 100 NOV 09 35 CALL @1.00 10/12/09 200 -5.9 -
NTES - Oct 09 Buy Open BOT +200 NTES @39.42 10/12/09 -7,884.00 -5 Solid Fundamentals and financials. Notice a trend yet?
NTES - Oct 09 Sell Open SOLD -2 NTES 100 NOV 09 40 CALL @2.70 10/12/09 540 -5.9 -
ABAT - Oct 09 Buy Open BOT +1,000 ABAT @4.09 10/12/09 -4,090.00 -15 Solid Cashflow, Good Financials, and an interesting industry
ABAT - Oct 09 Sell Open SOLD -10 ABAT 100 NOV 09 5 CALL @.10 10/12/09 100 -24.95 -
EJ - Oct 09 Buy Open BOT +500 EJ @23.60 10/12/09 -11,800.00 -7.5 EJ was announced a spin off, so this may get goofy, hopefully not.
EJ - Oct 09 Sell Open SOLD -5 EJ 100 NOV 09 25 CALL @1.70 10/12/09 850 -14.75 -
EJ - Oct 09 Stopped Out SOLD -500 EJ @21.60 10/15/09 10,800.00 -7.5 Whoops! I got stopped out. I will be getting back into this ticker soon.
EJ - Oct 09 Sell Close BOT +5 EJ 100 NOV 09 25 CALL @.70 10/15/09 -350 -14.75 -
EJ - Oct 09 Summary Trade Summary -500 -44.5 The calls provided a nice bit of protection against some of the losses I would have had otherwise.
VPRT - Oct 09 Buy Open BOT +200 VPRT @49.80 10/12/09 -9,960.00 -5 Fundamentals look good, interesting opportunities as economy softens
VPRT - Oct 09 Sell Open SOLD -2 VPRT 100 NOV 09 50 CALL @3.70 10/12/09 740 -5.9
TRLG - Oct 09 Buy Open BOT +200 TRLG @28.06 10/12/09 -5,612.00 -5 Financials and fundamentals are very solid
TRLG - Oct 09 Sell Open SOLD -2 TRLG 100 NOV 09 30 CALL @1.40 10/12/09 280 -5.9
WMS - Oct 09 Buy Open BOT +100 WMS @48.43 10/12/09 -4,843.00 -5 Financials and fundamentals are very solid
WMS - Oct 09 Sell Open SOLD -1 WMS 100 NOV 09 50 CALL @2.20 10/12/09 220 -2.95
WMS - Oct 09 Stopped Out SOLD -100 WMS @44.79 10/27/09 4,479.00 -5
WMS - Oct 09 Summary Trade Summary -144.00 -12.95
BTU - Oct 09 Buy Open BOT +300 BTU @41.37 10/12/09 -12,411.00 -5 It is hard to go wrong with Energy these days. BTU is a great story here. I expect this to get called away quickly.
BTU - Oct 09 Sell Open SOLD -3 BTU 100 NOV 09 43 CALL @2.00 10/12/09 600 -8.85
EBAY - Oct 09 Buy Open BOT +300 EBAY @24.75 10/12/09 -7,425.00 -5 Fundamentally Strong, Good Financials, Solid Firm
EBAY - Oct 09 Sell Open SOLD -3 EBAY 100 NOV 09 25 CALL @1.31 10/12/09 393 -8.85
SPY - Nov 09 Short Vertical Sell Open SOLD -5 VERTICAL SPY 100 NOV 09 110/111 CALL @.38 10/12/09 190 -24.95 I would like to hedge a bit of my long Delta exposure. I am going to do this with an OTM Call Vertical. For Nov on the SPY.
VISN - Oct 09 Buy Open BOT +1,000 VISN @9.46 10/15/09 -9,460.00 -15 Financials and fundamentals are very solid
VISN - Oct 09 Sell Open SOLD -10 VISN 100 NOV 09 10 CALL @.55 10/15/09 550 -24.95
EJ - Oct 09.2 Buy Open BOT +500 EJ @21.69 10/16/09 -10,845.00 -7.5 EJ is still a solid company, I am going to deploy get back in here.
EJ - Oct 09.2 Sell Open SOLD -5 EJ 100 NOV 09 22.5 CALL @1.55 10/16/09 775 -14.75 To take advantage of the drop in the stock price, I will sell some closer calls.
EJ - Oct 09.2 Stopped Out SOLD - 500 EJ @19.69 10/26/09 9,845.00 -7.5 Buy high, sell low :) Not to good with EJ this month. Time to call it a day with this one.
EJ - Oct 09 Summary Trade Summary 10/26/09 -225 -29.75 The calls provided a nice bit of protection against some of the losses I would have had otherwise.
WMS - Oct 09.2 Buy Open BOT +500 WMS @43.00 10/27/09 -21,500.00 -7.5 WMS is still a strong firm. I had this order setup based upon my original analysis of the firm.
WMS - Oct 09.2 Sell Open SOLD -5 WMS 100 NOV 09 45 CALL @1.00 10/27/09 500 -14.75
FEE FEE Options Regulatory Fee - - Rather than list these, I am just going to consolidate them in the Cash Balance.
FEE FEE Securities and Exchange Commission - - Penny sized fees are charged for activity on a particular day, they are relatively immaterial.
Net Liquidating Value BAL Net Liquidating Value 10/26/09 99,119.10 -
Current Balance BAL Current Cash Balance 10/26/09 26,707.60 -
How to read the table
If you’re wondering how on earth to read that crazy table above, here is a quick graphic that shows how to read this thing:
