Option trading for a newbie

Discussion in 'Journals' started by Ben74, Oct 17, 2008.

  1. Ben74

    Ben74

    I'm out to all those who thought I was a gambler. Closed at 27 goog calls at $1.20 for $3,199.50. GOOG tested $386 twice and once it failed that second time I was out like gambler hitting a jackpot lol.

    Well, 27 goog oct. 390 calls net gain was +$999.60.

    Will hold onto amzn calls now at +350.
     
    #11     Oct 17, 2008
  2. Ben74

    Ben74

    Those AMZN Nov. 60 calls now at $2.29.
    Bought 10 NFLX Nov. 25 calls at $1.30 for ($1315).

    So, I must be rolling the dices again?

    Ben
     
    #12     Oct 20, 2008
  3. Yes, but enjoy the ride. Nobody rides for free.
     
    #13     Oct 20, 2008
  4. Ben74

    Ben74

    Closed out those NFLX calls at $0.50 for -830.

    I did make nice with those AMZN calls closing at $4.50 for gain 870.

    Net gain was +40.

    New trades put in yesterday, Bought 10 V November 55 calls at $2.00, and bought 10 FLR November 45 calls at $1.80.

    Rolling those dices again.

    oh and I'm showing a slight gain of $1039.60.
     
    #14     Nov 8, 2008
  5. Ben74

    Ben74

    Alright, after a break I'm back, and yeah I lost a good chunk of account. Funded my account again and have $12,000. Let's rock this on Monday...Ben
     
    #15     Dec 6, 2008
  6. With such a small account, you might consider switching brokers. That $14.95 ticket at OX is a killer.

    If you're serious about options, look at TOS or IB.
     
    #16     Dec 6, 2008
  7. What the hell are dices??
     
    #17     Dec 6, 2008
  8. Ben74

    Ben74

    I will take IB into consideration, maybe in 2 weeks when the market dies down and I can transfer funds. By the way, what are comm. there at IB and TOS?

    I bought 8 AZO Dec. 125 calls at $3.50 for ($2,814.95). I believe today's drop is temporary.
     
    #18     Dec 8, 2008
  9. IluvVol

    IluvVol

    you are just plain stupid or take the other idiots for a ride while trying to kill time. Whatever, your trades make ZERO sense from a R/R perspective and your money management will lead to ruin a lot faster than a matter of months.



     
    #19     Dec 8, 2008
  10. Ben74

    Ben74

    As expected, I find ruins in a matter of months harsh. Why not give me a year before the ruin part kicks in. Given that I'm still trading, we'll leave the ruin part until it comes. I think AZO hits $130 tomorrow and I get out for a small win.
     
    #20     Dec 8, 2008