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Ok, missed a post yesterday where I bought 10 35.00 puts to turn my bull put into a bear put (debit) spread. Turned out to be a pretty good move with AMD crapping again today into the 33's. I'm just watching now for a technical bottom and have put stops against my top put to prevent erotion...

Good runup today. I bought 10 Apr 30 puts under my 32.50s as insurance at .35 each. I now am in a bull-put spread again. Now, let's hope for a further run up to the 50 or so an stay there for a bit.

Typo - my puts were sold for 1.50, not .90. Big difference there.

Well, lost my ass thsi month. Down to 13,500. Easy come, easy go. Selling my insurance was stupid. That cost me another 750. Another lesson learned. I'm supposed to be playing long-term puts, not trading the expiration. Sigh. Ok, I am currently holding 10 April 32.50 calls against the...

Scalp play. Bought my 37.50s for a nickel and sold 10 Mar 35s for .40. With this thing being pegged right on 35 (or higher), this should be a very safe trade. I also sode my insurance puts for .40 as well. Alas, when try to close my short calls, I accidently place a buy order for 10 new...

Some paper published info that Intel plans to put an all out price war on to smash AMD - the same type of article that made the stock drop from 38 to 36 last week. Lame. Anyways, I wish I had put my play on WM and kept my lottery tickets longer - I'd be up 10K instead of down almost 1K now.

Lol - good spec play. Too bad I was asleep and lost .50 a share in profits - lol. Now, my position is stable. I've lost $650 or so on AMD dropping nearly 25% from it's high. I'd say I didn't do too bad considering my strategy is designed for stable rising stocks :P I have a feeling...

Speculative play Picked up another 35 35 Mar puts for .25 and put a limit sell on them at .50. Trying for a quick grand on the down pressure here.

Thank you volatility and option pegging. 1 day later and we're now sitting back on ATM w/1 week till expiration. Rally, rally! :) Seriously though, let's get some follow-thru to 38 and I'll call it an awesome day :)

Lol - Care to donate some antacid to the help me ride out AMD fund? :)

Fighting myself here. I currently have a losing trade on my hands - but just barely. I have hedged 1/2 my potential profits away, but those hedges are what has made me able to hold for as long as I have. With AMD sitting at 37.10 and showing no relative strength, the industry in general...

Dear lord - so much for being well set. My hedges are keeping me at minimal losses though. I'm gonna have to study the charts a bit to see if I can identify some support. I don't know if I'm ballsy enough to sell the hedges low and ride it back up :)

Stupid TXN and INTC :) And yet, we're still holding the 38s. I'm well hedged now and have both the 37.50 pegging and the 50 day to support me. Max Pain is still at 40 so the MMs don't want this thing to free fall. In short, it's dicey, but still ok. WM is looking like a pretty good...

Lol - my stop is coming up shortly. I'm just not too happy about it. I like losing money you know? :)

Purchased a partial hedge of 5 Mar 35.00 puts for .30. If we drop down to the 50MA, I'll probably drop this trade for a small loss.

Motion sickness :) Remember that greed post? Remember how I was going to watch for a 40 entry? This is why we wait and watch. My position is secure and my hedge actually gained in value a bit today to counter the increase of premium on the front. Patience and care ahead for Monday -...

Could be - but right now the techincals still bare out my strategy here. BTW, I am also watching the following stocks for a March scalp or perhaps an early April entry: WM - approaching the 200 again. Likes to bounce off it, but only 1% premium on the Apr 40s right now. TXN - missed the...

Greed is starting to kick in here. Greed is good right? Lol AMD is now approaching the top of its latest channel. It broke through to the 52-week high this morning, then got freaked back down by Intel and profit takers. I'm watching closely today for a chance to roll my puts up to 40s...

And in typical trader fashion, I hedge and the hedge to a spread and it becomes un-necessary. Oh well, I'm well in the money for my troubles :)

Thanks for the well wishing. My take on volatility vs risk: My trading account for now is a small part of my overall strategy. I am still very much a noob when it comes to trading (1.5 years or so) and started this journal to get input from others as well to track my progress and decisions...