Investing

Discussion in 'Journals' started by wjharris, Mar 14, 2010.

  1. wjharris

    wjharris

    4/29

    Buy RIG May 10 70.00 put
    40@ .98
    20 @.85
    10@@.77


    4/30 Sell Rig May 10 70.00 put, 70@ 2.06
    Almost bought BP but I knew it had Dividend protection. Figured this oil slick would surface all over the news and would hurt all companies involved. RIG was the owner of the drilling rig and I hoped it would get hurt the most.

    4/30 Buy RIG 60.00 May 10 put
    20@.88
    40@.50
    40@.44

    5/3

    Sell RIG 60.00 May 10 put
    100@$1.24

    RIG continued to suffer due to oil spill and I had another chance to profit. I had a feeling bad weekend news would led the stock lower.

    Account Value as of 5/3/10
    $23,233.65
    MTD 35%
    YTD 271%

    No positions stock or options
     
    #11     May 3, 2010
  2. wjharris

    wjharris

    5/5

    Buy RIG May 10 60 Put 100 @ .33

    5/6 Sell RIG May 10 60 put 100 @ .35

    I bought this antcipating a bad earnings report... In the morning I sold to take even a small profit because I did not like how this was trading in the morning hours.

    In retrospect I could have held longer and made alot more money, but fear got the best of me.

    5/6

    Buy RIG 75.00 May 75 call 150@ .99
    Sell RIG 75.00 May 75.00 call 150@ .77

    The stock had run down and I was expecting a nice pop, something I had seen it do a few times earlier this week.

    I was wrong.. the market crashed today and I got nervous and sold my option. I seen the option price drop to .50 and thought to myself good call. In a few short minutes it climbed all the way back up! Plain unlucky and shit trade

    As of 5/6
    Account Value
    $20,021.27
    MTD 16%
    YTD %220
     
    #12     May 6, 2010