Option trading for a newbie

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

  1. Good job Ben,
    Keep doing the same thing, don't change anything, that's my advise to you.
     
    #191     Mar 21, 2009
  2. Ben74

    Ben74

    Well, I have seen more of my gains in the $1,500-$2,500 range. So now a days I am considering anything under $1000 to be a small gain.

    Ben
     
    #192     Mar 23, 2009
  3. Ben74

    Ben74

    Bought 10 PVH April 17.5 calls at $1.75 for ($1,715). PVH reports today.

    Ben
     
    #193     Mar 23, 2009
  4. Ben74

    Ben74

    Anyone smell that money in the air? I think its coming from PVH. I just sold out at $4.40 and gains are nice at $2,620. This is the kind of gain I was talking about when compared to the $800 I made on the other trade. That $800 was a nice small gain compared to this one. Which earning trades are up next?

    Ben
     
    #194     Mar 24, 2009
  5. Ben74

    Ben74

    I'll took the past 30 minutes to look back at my account and nicely done is all I can say. With that PVH win, my gains are now at $39,607.25, and my account is actually above $51,000 already.


    Ben
     
    #195     Mar 24, 2009
  6. you're halfway there with over 8 months remaining in the year.

    Congrats
    :) :) :)
     
    #196     Mar 24, 2009
  7. mray

    mray

    Hi Ben,

    Is your strategy basically to buy call options for which expire in the current month for companies that are about to report earnings?

    I mean, is there anyhting else to it? Do you look at fundamentals at all?


    Oh, and FWIW, I bought 6 AAPL April $95 Puts for $1.53
     
    #197     Mar 24, 2009
  8. Ben74

    Ben74

    Good luck, I probably would trade against the trend right now and you might get a better price on AAPL puts if you wait till AAPL hits $110 too.
     
    #198     Mar 24, 2009
  9. mray

    mray


    Hey Ben,

    Thanks. I was actually looking to get in this trade on Monday but got tied up doing other things with my gf. Luckily for me as I would be down 50% of my position right now had I got in Monday.
     
    #199     Mar 24, 2009
  10. Ben,

    Are you thinking of playing any of the earnings tomorrow? Perhaps CAG or BBY?
     
    #200     Mar 25, 2009