a losing day but all in all a very good day. closed out of about half of UAUA and wrote May 15 calls against the 45 units that I have. With the option premium my average cost is now 14.46. Any price above 15 and I max out my profit of $2430. Any price below 14.46 and I start to lose money again. I cant say I feel very confident or very good about holding UAUA but I do consider UAUA to have been greatly oversold and with UAUA currently above 15 I have a reasonable chance to at least lower my loss. I had many other trades today. Almost all turned out to be very good winners and the others were small winners. Without the UAUA drawdown it was an above average day. Open + 2430 (covered UAUA) ARTC S:6b +223 BIG S:6b + 42 BLL S:6b +103 GR S:6b + 1354 HOT S:6b + 300 TROW S:6b and S:6b+ 1095 VSEA S:6b +399 closing some of UAUA - 5365
Hopefully the last of the UAUA subtractions for me Open + 2430 (covered UAUA) - 1849 for the day - 6640 for the week + 7114 for the month + 32686 for the year
Today started out great. within six and half mins I was up 1400+ with YRCW. That sure didnt hurt my confidence any. I had two more trades that were both winners, just not to the degree of YRCW. EMN S:6b + 284 SWN S:6b + 177 YRCW S:6b +1433 I watched oil move up over $3 today to hit 119.55 and UAUA moved down over a dollar at one point. as of this post oil has backed down and UAUA is moving off the lows and heading towards 15 again
Tough week overall but ended with a good friday. Still open covered UAUA + 1896 for the day - 4744 for the week + 9010 for the month + 34582 for the year
I looked at SOHU today and it looks like its going straight up. I wrote a couple of June 85 and 90 calls to fade it without going nuts on the amount. While it did base nicely just below 60 it climbed to the point where its getting dangerous to keep buying without a correction. That correction along with some time is what I am trying to capture. Closed out COF a little too early but I wanted to make sure I was flat at the end of the day. VMW was a good trade and worked as expected. still have the covered Calls with UAUA and watched it open about a buck down and climb its way back up. Was not really expecting that much upside as oil is up today. COF S:6b+ + 201 VMW S:6b and S:6b+ + 576
Not a bad day at all. Open about even + 778 for the day / week + 9788 for the month + 35360 for the year