Thursday, October 13, 2011

Thursday, October 13, 2011

Hi everyone....

Well, today would of been a great trading day, but I bet against the trend and had to close out some options.  Stupid.  Like I said yesterday, play the trend.....why try to guess what the market or a stock will do, just play what it's doing!

Market opened down over -100 points, but rallied back a bit to close at -40 points.  Had to help at the elementary school today, so I missed a lot of runners.  CX, TQNT, CLWR just to list a few.....all moving on news.  GOOG reported earning a/h and spiked up over $48 bucks and should touch the $600 mark tomorrow......

Now to the trades:

NFLX s/s 112.97/112.47 x 500 = -250
NFLX 115.35/118.33 x 500 = +1,490 <---- huge play on news....

Closed out the following options:

BIDU 120 w put .52/.37 = -150 <---- didn't sell at the open for a gain
NFLX 105 w put .81/.35 = -460 <---- didn't sell at the open for a gain
SPY 118 w put .22/.33 = +110 <----- didn't sell when it was up for a 100% gain

Boy, am I bad at options!  I do best when I don't have a plan and I do best when I focus on only one stock.  Had too much going on.  No excuse, but it was just too much and I lost money.

Total = $740 <---- now that is just a shame!  Horrible......


Monday = -350
Tuesday = +2,750
Wednesday = +1,485

Well.....I hope everyone did better than I did.....follow the rules you set!

sdh

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