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update for the week ending 9/22/2005: loss of about $3300 for the week. this will be the update for the week as all positions were closed today. activities for the week: 9/22 Closed SPY Nov 125 calls spyku - loss of $1530 9/22 Closed EBAY Jan06 42.5 calls xbaav - loss of $1625...

mini-update 9/22/2005: closed all positions... timing not too good, as i see most of the positions at higher prices now. 'will provide more details after close of market... SPY closed @ .85/ea EBAY closed @ 1.40/ea NFLX closed @ 2.45/ea GOOG closed @ 1.95/ea DWA closed @ .65/ea...

thanks. ideally, i'd like to have a 2 positions to 1 position ratio (calls vs puts) or the inverse if i'm bearish. that's when i was more disciplined (not too long ago, a month and a half or so) and only have maximum 3 positions. i have been careless the last few weeks. this week, i am...

just to add... since it's been said a couple of times now that i should come up with a better system. i only have one system, and it is "me" i realize the (discretionary) system has been in a drawdown last week and (too-much-for-one day) today... but it is what it is. all my positions...

it looks like that's the best course of action. i don't mind quitting altogether for the year, though. if i make a decision to close everything out this week and end up with $18k or more, i might just wait for that one good opportunity to put a position with maximum risk capital of $1500...

actually for the past 5 months... mark to market at this moment, it is only $20,300 now. taking a beating today. 3/5 positions going against me and 2 positions almost flat. Cluseau, most of the gains can be attributed to 2 separate plays on the same underlying - CME. purchased 7 CME...

mini-update 9/19/2005: opened a call-position on SPY SPY Nov 125 Calls (spyku) - 18 calls @ 1.70/each. risk-capital $3060 peace.

Rob, hang in there... this week was also not so good for me. it's a loss of about $1250. i'll try to close some positions next week and try to be more selective. i am planning to load up on the SPY calls, though. still trying to pick which strike and which month would be best. i can't...

Thanks, Mike. you pretty much summed up what's happened to me this year. i started with 1k and have built it up to 22k as of right now. the past few years, i always dedicate about 3-4k per year for options trading and they've always ended up zero and i take the losses on my taxes. if the...

forgot to add the SNDK position closing figures: SNDK Jan06 40 puts - closed position for a loss of $780

update for the week ending 9/16/2005: loss of about $1250 for the week. current positions mark-to-market: DWA Dec 30 calls - showing a loss of $840 since inception on 7/1/05 EBay Jan06 42.5 calls - showing a loss of $1625 (on 15 calls) GOOG March06 puts - showing a gain of $350 NFLX...

mini-update 9/15/2005: closed a put-position SNDK SNDK Jan06 40 puts (swqmh) - 13 puts @ 2.10/ea. loss of $780. news came out near the close yesterday of a significant announcement on the 27th of this month. i should reverse and buy calls as sndk may probably run up for a few points...

mini-update 9/15/2005: opened a put-position SNDK SNDK Jan06 40 puts (swqmh) - 13 puts @ 2.70/ea. risk-capital $3510 Peace.

mini-update 9/15/2005: opened a call-position NFLX NFLX Dec 22.5 calls (qnqlx) - 15 calls @ 265/ea. risk-capital $3975 Peace.

hi Rob, sorry to hear about the "hiccups" you've had with ECA-TC. it's really difficult to be right both ways, but i do understand where you're coming from. i've been there when i can clearly see in my head the directions of the underlying. and many times i was right, but the times that i was...

Rob, that's really wishful thinking on my part versus reality and it's certainly not being reflected in the market currently. market cap is just the value of the company and the way it's calculated is the number of outstanding shares multiplied by the current price per share. goog has...

mini-update 9/12/2005: opened a put-position on GOOG GOOG Mar06 220 puts (gouod) - 7 puts @ 270/ea. risk-capital of $1890 long-term high-risk/high-reward play on goog plus hedge on bullish positions.

hi Rob, re: GOOG - there's a lot of money to be made on long term options if goog has an extreme move within the next 6 months. what you're saying can definitely make some good amount of money, but i think the long-term options can be more profitable. i'm just considering it, but the goog...

nice calls (no pun intended :) ) there. goog is an interesting one. i can certainly see it hitting 350, but it could also reverse direction at anytime. i wonder if some long-term DOTM calls and puts maybe a good play on it? QQQQ is the one that's tempting me. when it closes above 40 for 2...

i also have an observation... as you can see, Maverick has used the word "then" when he meant "than". i've seen his other posts in the past that shows the same thing. dummy-variable used the word "than" and "then" correctly. in my opinion, i don't think Maverick is the same person as...