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  1. T

    Trajan's second option journal

    Did a scalp in IBM, should have done better with it but got a nickel.
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    Trajan's second option journal

    csco is a market performer today. No sign of any out performance or strength.
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    Trajan's second option journal

    Bought a 1000 shares at 15.01 and sold them ot at 15.15. Offering out 20 of the 15 calls
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    Trajan's second option journal

    Some of the stuff I do is covered in books but much of it isn't. You will learn some of the mechanics of options, but there won't be a very good explanation of how to use synthetics to gain extra edge. They are mostly written for the point of view of the customer which is expected to hit bids...
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    Trajan's second option journal

    sold a ten lot of the 15 puts at .50; sold a ten lot of the 12 call for 2.70 which was a nice pick off, don't feel bad for the Pcoast though, they should have filled me on the ten lot of 15s which was bid by two other exchanges.
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    Trajan's second option journal

    Sold twenty of the 15 calls for .70. Still have a ten lot offered at .70 since it wasn't taken on the run up and had to hit a seperate bid on the ISE.
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    Trajan's second option journal

    Offering out a ten lot of the 15 puts for .50
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    Trajan's second option journal

    That's what I was hoping for in waiting a week. They have been getting some publicity recently and was thinking a pull back would be in order once that faded. Bull markets in these type of cyclicals isn't a 10 or 20 percent move but 50 percent or doubles. I was looking for a pullback just in...
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    Trajan's second option journal

    I was too focused on selling options against my position and not just dumping deltas. This is probably an odd problem to have as I would imagine most people are too quick to trade stock than options. I have done this before and got into conflict with my boss who didn't believe my sincerity to...
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    Trajan's second option journal

    A weak part of my trading is in the first 90 minutes of the day. I recognised the reversal this morning, but was slow in acting on it and when I did, fucked it up. Still have the orders out there.
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    Trajan's second option journal

    Read this right now on Realmoney, very appropriate, my problem is the real money to be made right now isn't in tech but in the IPs and BOWs. My plan was to shift out of csco and into these type of cyclicals after earnings, unfortunately I already missed part of the move, although csco is still...
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    Trajan's second option journal

    Well, was going to sell a ten lot of the 15s at .70 but accidently hit buy not sell. So I now have two ten lots sitting out there to sell.
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    Trajan's second option journal

    I should also add that I don't consider the VIX at these levels to be bearish until we get into the teens. This has more to do with the fact there was massive demand for vol before the war. Institutions were gobbling up all the long vol products they could get there hands on. The world is a...
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    Trajan's second option journal

    I didn't sleep in today. It is day six of being Starbucks free. When I would normally head out for a large coffee, I went to the couch and took a nap.
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    Trajan's second option journal

    Couple thousand of the 15s traded on the close for .55 which dumped a 100,000 on the crowd. I actually want to see people selling premium at this point. I view the selling of 15 calls as bullish.
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    Trajan's second option journal

    Nice rally in the market today. Cisco is up which makes me glad I bought 1000 shares on Friday. Technically speaking, the stock appears to be strong right here. Last week, it broke above a resistence level and the technical indicators at the bottom of my charts are on the upswing. Earnings...
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    Trajan's second option journal

    I would like to apoligise to all those who I've mocked on these boards for their belief in conspiracy theories. Goldman Sachs must have some sort of derivative with a strike at 14.35. Yesterday, they were the ones driving it down to this level on the close. Today, they were ramping it up to...
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    Trajan's second option journal

    Vol is holding steady right here, this is what I expected as the stock is at a point where a lot can happpen and doesn't make any sense to annihilate the 15s at this point. The stock could easily blow through that strike or drop back down to the bottom of its recent range. Until it gives a...
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    Trajan's second option journal

    Or I could just think of this as the stock I should have bought yesterday aginst the 12 calls I sold.
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    Trajan's second option journal

    Bought 1000 shares right here, stock must be tanking for me to do so.
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