With the crazy market volatility I managed to get some lead way back on my last trade. Decided to close out for the month and call it even with a small donation.
LGL (opened on the 13 July 2007)
Buy 4,000 x 3.186 ($12,744.00)
Sell 4,000 x 3.134 ($12,536.00)
Donation: $208
Like they say, when in doubt stay out. Today [...]
Today was an up-day in the Market followed by a weak up-day on the US market and UK market over night. I have no confidence in the market for the next few months. In 1987, the market corrected 25% in 4 weeks, currently we have corrected about 10-15% in 2 weeks. Usually after a correct, [...]
The heavy selloff in the world financial market has made me cut losses in my CFD portfolio. Although I didn’t open any new spread position for the month due to the market volatility I also didn’t sell my existing CFD portfolio (my intention was more for the long term, but I think it’s cheaper to [...]
Not a fantastic month, at least i know next month is going to be a better one!
Anyways, here’s the summary
JBM- profit $790.6 (put spread)
QBE - profit $801.8 (put spread)
OSH - profit $1,420.26 (naked put)
FXR - profit $1,836 (CFD)
NVDA - profit $879.82 (covered call) - AUD Equivalent ($1,002.99)
WPL - donated $4,863.3 (put spread)
This month profited $987.83
So [...]
Looking at this trade more carefully, I clearly missed the double top warning signal. I will watch out for that next time!!
My Initial trade
The Trade (WPL) - Traded on 23rd July 2007
Sell Jul $45.5 Puts @ $0.31
Buy Jul $45.0 Puts @ $0.18
Expiry = 26/07/2007
Share/Contract = 1000
I closed this trade on 25th July 2007
Sell Jul $45.5 [...]
ANZ was trading at the upper strike today, market has been very volatile again… and its one day before options expiry so i’m a bit cautious for this trade and decide to not take the chance and roll it out for the next month.
The Trade (ANZ) - Traded on 13th July 2007
Sell Jul $29.26 Puts [...]
Earning reports was up, pre market trade saw this stock move 4%. once the stock opened I was watching the minute chart for an hour… Thats 60 bars!!! anyways, I saw a triangle forming and on the 60th minute the breakout happened… I’m bullish on this stock because of the good earning report so i’m [...]
WPL is trading at its support level, taking a chance on this one as I think it will bounce back in the next 3 days. A bit of a speculative trade, this is pretty safe though… was recommended on this trade and usually its successful trades.
The Trade (WPL) - Traded on 23rd July 2007
Sell Jul [...]
Reason
The US market did very well yesterday night and the Australian market followed, although the Australia market did not close on a high I believe due to the world market sentiment the Australia market will perform well for next week.
CTX (Caltex) - the price dropped heavily due to poor production performance reported a few [...]
Closed out my FXR today, had a good 2-3 day run and its trading outside the boolinger bands. During this time they had a production upgrade which caused the stock to rally. Currently they haven’t done the magnetic survey for iron ore yet. That said, since I was only going to be in and out [...]
