Arthur626 Options Trading.... - Page 2

Ok opened a position in Aapl today Feb debit spread..

Bought 10 APVBO Feb 175 calls @ 13.29
Sold 10 APVBQ Feb 185 calls @ 8.89

Net debit 2.40 Earnings in a week this pull back looked like a good entry... Time will tell

Sold SEED puts QSWQB today @ 2.90 profit of 569.02 after commisions... Will hold the SEED calls

Opened a GOOG position this morning vertical spread

Bought Feb GOOBF 630 calls @ 32.55
Sold Feb GOOBH 640 calls @ 27.56

I post what I buy right after I buy it.... Goog was a buy for me under 625. If you notice I never buy calls that expire in the same month always buy time. Atleast a month more if you can.

Ok closed the short side of the GIGM trade today

Bought to close the 10 April 22.50 calls @ .70
Profit after commisions - 669.02

I like Etrade to trade with not their stock if that is what you are asking....

I have never held an option thru a split but my understanding is that the option splits the same as the stock...

Bought 3 Feb AUY 15 calls at .90 Look for gold to get a bounce off of the rebate....

Well blew this account up pretty much.... Down to 4100.00 Goog and Aapl killed me.... Sold everything holding Seed May 12.50 calls... Today bought CF and LTD.

Bought the CF Feb 120 calls @ 1.345 X10
Bought LTD Feb 17.5 calls @ .85 X15

Made an error in judgement it happens to everyone from time to time I suppose the real test now is to bounce back =)

Another trade I made today that I didn't post was AUY calls 17.50 Feb @ .40 X7.

Sold 10 CF calls @ 2.30
Sold 15 LTD calls @ 1.00
Sold 7 AUY calls @ .50

Still holding Seed May 12.5 calls

New account balance 5,388.14 up 30% Done trading til next week....

Screen shot of account balance today...

Show Previous Close Real-Time Values
As of 01/25/08 10:50 AM ET
Net Account Value $5,338.14
Total Market Value of Securities $1,200.00
Cash Available for Investment $4,138.14
Margin Purchasing Power $13,793.80
Day Trading Margin Purchasing Power $0.00
Total Available for Withdrawal $3,727.94
Cash Holdings $4,138.14

Stay away from tech IMO.... They are slowly eating up those large p/e's. They are reporting good earnings but stocks are valued on future growth and right now everyone sees very low growth for the next couple of quarters. If I had to pick a direction it would be short but one bit of news can wipe you out very quickly... If you go short and the fed cuts this week the market could bounce and you would be holding the bag.... As far as BIDU chart it is bearish right now. I would stay away from it.