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Thats right. Those were the crazy market days of last year. Had my best single gain (103K) and worst loss (88K) on a trade the same week.

Thanks for mentioning it: I am on a double alert for expiration Friday. I know what happened to me on GOOG call last month, and ISRG put about this time last year.

Weekly Update for week 39/50 ended 10/10/2009 Very good week, up 98K (22.3%). Good win rate (22 gains out of 31) accelerated by a few outsized bets. Most significant moves were on Wed and Thurs. Faded the move on BIDU on Wed to the tune of 240 contracts averaged in, expecting the stock to...

That's what I try to do, tight spread relative to volatility.

Out at 2.31 break-even. Do not like the action

Loaded up on FCX puts (FHZVO @2.30). Hope this goes down today!

I have a regular job (which kept me late friday night). Sure the income from trading helps, but it is not the first line. Haven't withdrawn anything yet this year because the performance hasn't been stellar (plus there is no compelling need).

Weekly Update for week 38/50 ended 10/03/2009 Nice week, up 45K (11.6%). Another decent win rate (16 of 21). Glad to be at a new high. Started bad on Monday, fading the market early strength with SPY put, thought it was a dead-cat bounce. Didn't know it would finish up 1.90 on thin...

Weekly Update for week 38/50 ended 10/03/2009 Working late in the office tonight, so will post details tomorrow. But it was a nice week, up 45K (11.6%)

Weekly Update for week 37/50 ended 09/26/2009 Nice week, up 27.5K (7.5%). Decent win rate (13 of 19), managed to avoid some potential disasters. Biggest gainer was RIMM short position (3000 shares @ 75.10) initiated after their earnings release on Thurs. Closed pre-market for a 14K gain...

That trade started as a 50 contract trade. Had I adhered to my policy, I should not have averaged in for a total of more than 100 contracts. Work still to be done on compliance with rules.

Weekly Update for week 36/50 ended 09/19/2009 Frenetic but ugly week, down 16K (4.3%). Lots of big moves, tried to end week positive, but it was not to be. The big losers were puts on FSLR on Monday, going in with the early weakness in the stock. Came again two days later when I thought it...

Weekly Update for week 35/50 ended 09/12/2009 Slow week, up 16K (4.4%). Not a lot happened in the holiday-shortened week as I was away from the system most of the time. A nice collection of single hits (11 gains out of 13 trades) was marred by a set-back on BIDU on Thursday. For the most...

I guess you too are a gambler with lesser risk parameters. I've never played the lottery, and will not, because I believe the statistics do not line up in my favour. I do this (trading) believing I have an edge and statistics of probability lines up in my favour. Sure I do not execute...

It's annoying letting psychological factors derail my trading. It was clear I was trying too hard to recover after the initial loss (on the SPY calls). I am drawing up some set of guidelines on my averaging down. I know in general I said I should not average down, but in reality I haven't let it...

Weekly Update for week 34/50 ended 09/05/2009 Painful and turbulent week, down 67K. Lost all of last week's gain, and some. The disaster started on Tues. Bought SPY calls as the market went down, another attempt at buy on pull-back. Ended disastrously with a loss of 32K wiping out my...

Never heard of flat rate options pricing before. Shall take a look. have always wondered why all these folks have to charge so much per contract. I spoke to Ameritrade asking what their variable cost per contract is - the cost to Ameritrade, why they have to charge me 75c per contract. They...

It has varied over the years. This year so far, here is the break-down: LONG (stock & index): 161K SHORT : - 120K (loss) CALLS (option): 40K PUTS : 30K

Where is your stop loss at? :D