This month was not such a good month… the market pulled back right before option expiry and forced donations. Usually if the market falls during the early part of the period, we would not have worried.
Anyways, here’s the summary
ANZ - profit $832.60
ZFX - profit $890.60 (put spread)
ZFX - profit $455.38 (naked put)
OSH - profit $2,425.5 [...]
On 19th April 2007, I opened 5,500 OSH CFD @ 3.688
Few days ago I was stopped out (25th June 2007), I sold 5,500 OSH CFD @ 4.129
In total: 5,500 x $0.441 = $2,425.5
Period: 67 days (around $300 of interest)
If you are wondering why I didn’t post it 2 days ago is because I didn’t realise… [...]
Closed out most of my trades today, usually i would roll them out but there hasn’t been any good news on the market for a while, also there was a near 2% drop in the All Ord today. Look at the double top and what I believe is a breakout of the support line (looking [...]
The Trade (22nd June 2007)
Buy May $29.5 Puts @ $1.525
Sell May $29.0 Puts @ $1.03
Share/Contract = 500
It cost me $0.495 * 28 Contracts = $6,930
Initially I received $1,350.0
It cost me $3,900 to close the trade
I rolled out and received $3,710.0
Now i’m closing out for $6,930
This ended up being a donation of $5,770 (before brokerage)
After Brokerage [...]
This is one of the best position i’ve opened for a bull put spread ever (Opened it almost 10% out of the money, ie. the stock can fall 10% over the next 30days and i’ll still be safe!!) Broker called me yesterday to put this one in… was trying to get me in at 16/15.5 [...]
Looking for positions to open for my CFD account these pass few days. Bouncing between ZFX, BHP, PLF and a few others… decided to go back with ZFX, the PE ratio on this thing is still low and they have 1/4 of their asset value in CASH, which they will be buying lots mines and [...]
This is an interesting one… (GIFT FROM GOD)
Dear All,
Every client should be buying 2000 RIN today.
Our MD, Lance Rosenberg is going to fully finance your entry (you don’t need to have one cent in your account).
We buy the RIN shares below $19.00 in your account and then immediately accept the $19.50 offer from Cemex. [...]
Looking at the stock screen NVDA came up again with one of the highest covered calls premium, GE and a few others were pretty high too, that said I decided to go with NVDA since this stock is on steroids! Firstly, NVDA is trading in “blue sky” territory, ie. its never been over $40 before [...]
Got assigned on my NVDA
The Trade (1st June 2007)
Shares/Contract = 100
Buy 500 NVDA @ $34.93 (-$17,465)
Sell 5 NVDA 35 Calls @ $0.85 (+$425)
NVDA closed @ 34.88 on this day
I was exercised/assigned (15th June 2007)
Sell 500 NVDA @ $35 (+$17,500)
NVDA closed @ 39.55 on this day
Net Transactions: -$17,465+$425+$17,500 = $460
Brokerage = $14.95 * 3 + $0.27 [...]
Prateek Shuklaon 12 Jun 2007 at 9:43 pm
Hi,
Can you suggest any books that give may be helpful for someone like myself who would like to get into trading but has never done this before, something that gives a complete guide to products, markets, instruments as well as strategies.
thanks
PS
Hi Prateek,
This is how I started my [...]
