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***************** NOTE: ALL SPREADS ARE DITM BULL CALL DEBIT VERTICAL SPREADS, unless otherwise noted. **************** Monday’s activity (June 23): SOLD: 3 MDR AUG 35/45 @ 4.87 Stock at 63.45, net profit = 330.6 SOLD: 5 XOM JULY 70/75 @ 4.88 Stock at 86.75, net...

With an account at TDAmeritrade (no monthly fees), you can get free stock reports online from: the street S&P (pretty good) ford market edge jaywalk

clarify previous post.- Few spreads survive to expiration. (They survive) only because it doesn't pay to close them early because of wide bid-ask differential, etc. Thursday’ activity: BUY 5 GLD JAN 75/80 @ 3.85 Stock at 89.4, comm.=7, expected gross profit = 575 (adding to...

pismo10 - I've covered this subject that pretty well. See comments from my posts on 5/15 and 5/20 about spread distribution. Few spreads survive to expiration, only because it doesn't pay to close them early because of wide bid-ask differential. Remember also, no costs for option assignments...

Looks like a good trade to me. Thanks for contributing.

Monday June 18 No activity. ******* Tuesday No Activity. ******* Wednesday Activity: BUY 5 FWLT JAN 50/52.5 @ 2.05 Stock at 74.01, comm.=7, expected gross profit 225 (small position on low confidence) BUY 5 MTW JAN 25/30 @3.95 Stock at 38.78, comm.=7, expected gross...

Chris - you can look up the prices I paid by downloading my portfolio, and guess at the date from that. But this strategy is a conservative option strategy, not for traders, I think, more for investing.

Chris- From the standpoint of the DITM strategy, COP is not a great candidate. That’s why I only have a small position. 3 COP NOV 55/60 4 COP JAN 60/65 I would like to have a bigger position, but when I look at the spread possibilities I can’t find deep enough spreads for me to...

I think I'm at the point, in this journal, where interested parties fully understand what my investing approach is based on. No further amount of clarification is needed. My credibility is based on results only. My record is good but hardly stellar, true I have doubled my account in two and a...

Today's activity: SOLD: 6 RTI SEPT 30/35 @ 3.55 stock at 38.5, net LOSS 226 (no longer DITM, no reason to stay with pos.) SOLD: 5 PTR DEC 105/110 @ 3.35 stock at 128.4, net LOSS 339 (still DITM but news is not encouraging, and stock price has slipped a lot) SOLD: 4...

Guys - I AM hedged. My whole strategy is a hedge. I got no place to go for more hedging. If I didn't want to hedge, if I were absolutely confident of a stocks direction, I would have a portfolio full of ATM spreads and make some REAL money. But I don't do that. I hedge my trades by...

ammo - I have been looking for sectors for DITM bear spreads, but I haven't found anything I really like yet. The sectors I would consider putting on bear spreads are mixed and up and down and I can't read them. And volatility does not seem to be rewarding bear spreads now. Am I wrong? I am...

No trades in the past two days. From some PM's I'm getting and some other feedback, there are a few readers not well versed in options that still are missing the basic ideas. They think this is complicated, and it is not. So I hope to review and clarify some points for a few beginners...

Today’s Activity: BUY 4 ECA OCT 70/75 @ 4.0 Stock at 89.2, comm. = 5.6, expected gross profit 400. (add new position to good stock on a down day) BUY 4 AEM NOV 45/50 @ 3.95 Stock at 65.2, comm.=5.6, expected gross profit 420. Comment for the novice: I...

Today’s activity: SOLD: 4 RTI JUNE 35/40 @ 3.85 Stock at 40.20, net LOSS 51.2 (Position going against me in this market, could easily turn into a big loss this week. Safer to close it out.) BTC 3 PMI SEP 7.5 calls at .4 Net gain 103.8. Nibble away at loss...

I see other journals posting running totals, I guess I can too. These are total P&L from all transactions since May 12, the beginning of the journal. So far I have completed 22 transactions, 16 were profitable, and 6 were losers. Total profits = 6905.64 Total losses = 1342.2 Net profit...

Today’s activity: SOLD: 5 PAAS JULY 20/25 @ 4.85 Stock at 32.4, net profit 541 SOLD: 2 XLE JUNE 61/66 @ 4.97 Stock at 87.78, net profit 227 SOLD: 5 GDX JUNE 35/39 @ 3.97 Stock at 46.55, net profit 417 SOLD: 5 SUN JAN 30/35...

AMERITRADE is one.

Think it’s easy writing a journal where 90% of your readers have 10 times more experience than you do? However, I think my trading is going to benefit a lot from this thread (I’ve already learned three things that will affect my decisions.) I hope it benefits someone else. Today’s...

Today’s activity: I did what I threatened to do in my previous post. Stock at 99.2. My original position was; 8 CNX OCT 55/60 @ 3.8 cost I sold: 4 CNX OCT 55/60 @ 4.40, net profit 233.0 I sold: 4 CNX OCT (puts) 55/60 @ .45, ( net profit (400 X .45) – 5.6...