iceman's options trading journal

Discussion in 'Journals' started by iceman1, Nov 6, 2005.

  1. darn-- I thought they were 21 !!
     
    #51     Dec 14, 2005

  2. sold 4 mnx MW (Jan06 180p) @ 1.80

    +4 mnx MX (172.50p) @3.80
    - 4 mnx MW (167.50p) @1.80

    - $2
     
    #52     Dec 15, 2005
  3. right now (12/14/05) I'm sitting here nursing short VLO Dec 110c- will they expire @ -0- ? I may sell some Dec 110p - buy Jan

    looks like VLO dec 100c will expire -0-

    yeahh baaabby :D

    did sell 1/3 size VLO 110 puts @ 1.70
    and bought + Jan 110p @5.30

    debit = $3.60

    also went long VLO Jan 120c @ 1.45 - will likely convert into a backspread- to see if I can milk some $$- then convert into bear spread.

    -- best would be for VLO to pin @ 1.10 :p :p:p


    day order to buy AAPL Jan 80 calls @ 1.15
     
    #53     Dec 15, 2005
  4. IMCL

    traded 200 IMCL

    bought @ 30.90 in AH when it tanked - this stock tends to get 'manipulated in the AH' - don't know why.

    sold @ today near highs @ 32.70

    +360

    I'm keeping an eye on IMCL for an entry <30 -- I believe it will trade back >35
     
    #54     Dec 15, 2005
  5. COP


    going to buy 16 COP Jan 57.50c @ 2 -

    hopefully tomorrow -- as I look for stock to trade near 57.50 -

    --- if not, plan is to buy at market near close of day.
     
    #55     Dec 15, 2005
  6. stock just broke 58 as anticipated- amazing its holding up so well with oil stocks down for epxiry pinning- but it already had it's triple witch action .

    orders to buy Jan06 57.50c

    5 @ 1.85
    10 @ 1.75

    and will buy 10 more at 1.55

    may tweak it if COP picks up downside mo - still looking for a close near 57.50- we will see, however
     
    #56     Dec 16, 2005
  7. well- if its not broken - DON'T fix it.

    I sold the Dec 110P on VLO - and got hammered - didn't analyze the pin correctly and got too cute -- but the good news was my idea to buy the same quantity Jan 55p (i.e. calendar) and of course these went up - albeit slightly less.

    However in hindsight- should have just kept my stinkin 110c short- and let them expire worthless-- or scratched them if they moved the stock to >56 . Perfect example of screwing up a wet dream. :D
     
    #57     Dec 16, 2005

  8. + 5 COP 57.50c @ 1.90
    - 5 COP Jan 60c @ 87.50

    order workng to buy 10 more @ 1.65
     
    #58     Dec 16, 2005
  9. IMCL = 34.2 (+2)

    knew it was going near 35- and what better day to mark it up than on triple witch.

    ICe
    :cool:

    sold Feb 35c @ 2.20/long Jan 35c @ 1.20- from earlier/bought Feb 30c @ 5.30/sold Jan 30c at 4.15/sold Feb 30p @ 1.60 (earlier this week)

    10 each strike

    plan is to

    1. close Feb 30p- then look to roll into Jan 35p (or Feb 35p) on large PB if any
    2. and/OR close Jan 30c on similar PB post-expiry
    3. sell more Feb 35c at that time - 2/1 ratio to Feb 30c

    in other words, trade the position for profits on all strikes while still mananging risk -- and not tying up too much capital IF I don't get the swing moves I expect.

    I am familar with the underlying and how it trades- been range bound for a while now - as we see.

    anyone following IMCL look for a nice day trade short IF and when it trades >35-35.50 -IMHO
     
    #59     Dec 16, 2005
  10. order to by 15 COP Jan 62.50c @ .20 (hey- we can dream can't we)

    current b/a = 40/45
     
    #60     Dec 16, 2005