SOLD -1 VERTICAL AMD 100 FEB 06 35/32.5 PUT @.55 CBOE, AMD MARK 37.28 I sold this after the earning results which put the stock up $3.87.
This GOOG is really a fiasco for me. Today news about investigation caused the stock to drop more to about $435. I decide to get out of the Feb vertical spread. Bought back Feb 410/400 put for $3.05. Overall, the profit of goog Feb spread I had earlier is washed out with this buy back. Previously, I sold Jan 390/400 put for $1.35 Bought back Jan 400 put for 0.05. Total realize profit on goog is $135 minus about $17 commissions (11 trades).
Sold GOOG Mar 460/Feb 490 Call spread for $8.9. Goog was about $422 which is below my stop loss $430. I should have bought this back earlier but was busy with work and can't monitor the market. I loss on this trade $19.3 - $8.9 = $10.4 -> $1040. This pretty much wipe out all the profits I got in last two expirations. I'll tally all the number on the weekend to see if I come out positive or not. This trade does not disturb me emotionally. At least this is one thing I gain. I planned it and know my loss in advance. When it goes against me, I just executed my plan. I might try goog again if it drops some where near $400.
good (I accidently typed in goog) trade.soooo much better getting out of the way of the freight train....taking your time over the weekend to analyse is also smart. You have a good sense of this stock and I think will figure out a good re-entry.
I was very busy from work and did not have time to post. I haven't even tallied the result of last expiration yet. Here is the trade I made this week. 01/23/05 BOT +1 DIAGONAL SPY 100 MAR 06/FEB 06 124/125 PUT @.50 ISE, SPY MARK 126.77 Reason: SPY dropped. 01/24/05 SOLD -1 VERTICAL SPX 100 FEB 06 1205/1190 PUT @.50 CBOE, SPX MARK 1266.87 01/25/05 SOLD -1 VERTICAL AMD 100 FEB 06 35/32.5 PUT @.50 CBOE, AMD MARK 37.24 Reason: AMD dropped sharply BOT +1 DIAGONAL SPY 100 MAR 06/FEB 06 130/129 CALL @.40 ISE, SPY MARK 126.13 Reason: SPX dropped about 10 points. SOLD -1 VERTICAL VLO 100 MAR 06 52.5/50 PUT @.50 ISE, VLO MARK 58.29 Reason: VLO dropped from 61 to 58. 01/26/05 BOT +1 VERTICAL AMD 100 FEB 06 35/32.5 PUT @.20 ISE, AMD MARK 40.408 Reason: lock in the profit, AMD rose from $37 to $40.4 from yesterday. I consider profit $30 in one day good enough. I plan to wait for AMD to drop again to sell spread.
Results of 01/20/06 expiration: These stuff expire worthless (-put = credit put spread) Cop 75 call -$60 XOM 65 call -$100 SPX 1175/1165 -put $45 spy 123/121 -put n/a spy 125/123 -put n/a spy 125/124 -put $20 vlo 2X 50/47.5 -put $100 brcm 47.5/45 -put $85 aapl 70/67.5 -put $60 The spy 123/121 and 125/123 came from multiple adjustment so I'll put it in Jan result later.
I found that it is difficult to keep track of these trades I made so I created spread sheet instead. Also, instead of reporting total P&L each expiration, I'll put it in at the end of the month. Here is the summary Start Dec/05 -300 from lost in OEX 121/05-12/31/05 profit $1015. So after -300 lost, the profit was $715 01/01/06-01/31/06 profit $5. The lost on goog diag is about $1000 so it wiped out the profit for the whole month. Total profit so far $720. I included detail in spread sheet. I have to learn how to use excel to extract data for each month to produce report rather than writing fomular to extract data.
01/19/06 Sell AAPL Feb 80/75 put spread for -2.8/1.1 = $1.7 credit 01/31/06 Sell AAPL Feb 75 put $2.1, profit $100 Now I'm naked Feb 80 put AAPL. 2/1/06 10:37:13 SOLD -1 VERTICAL VLO 100 FEB 06 57.5/55 PUT @.35 Reason: VLO dropped about $2 to $61.08 2/1/06 12:25:18 SOLD -1 VERTICAL AMD 100 FEB 06 40/37.5 PUT @.50 Reason: AMD got downgrade but the stock rebounded to positive. ($42).