A newbie's index option journal

[jeffalvinson]

JW,
"Your doing a good job trading!"
You have consistently had a decent win/loss record and resonable profit levels and it looks like your heading for a good
annual return.

On another topic, click on the attached chart and notice that
the SPY is moving in a slightly downward channel the past few months.
If nothing else, its at least interesting.


Jeff

 

[JLB123]

Quote from jeffalvinson:

JW,
"Your doing a good job trading!"
You have consistently had a decent win/loss record and resonable profit levels and it looks like your heading for a good
annual return.

On another topic, click on the attached chart and notice that
the SPY is moving in a slightly downward channel the past few months.
If nothing else, its at least interesting.


Jeff

Thank you Jeff. Although I don't use charts to trade, I agree with you that the pattern is rather interesting. I hope this also means I'll get some entry signals after two or three trading sessions.

 

[JLB123]

Initiate long position with SFBGS - SPY July 149 Call @ 4.10

 

[JLB123]

2007-07-12 JW Trading Activity :

Should've opened position at the close yesterday at $3.4 but instead got in at the market open this morning @4.10, missed 20%+ potential profit over night. Lunch meetings at market close hour, what can I say. Once the market opened I pulled the trigger without hesitation, and got my position filled at the lowest price of the day. Sold it at the market close @5.80. Chi-ching, buy low sell high, one great day.

Closed position: SFBGS - SPY July 149 Call @ 5.8, +41.5%
2007-07 month to date return : 4.17%
2007 year to date return : 49.25%
vs. 2007 year to date SPY (S&P500) return : 9.02%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.13
Trailing 12 Month Model Alpha (Annualized) : 80.85%

Open position: 0

 

[jeffalvinson]

JW,
"Excellent trading!"
If you could repeat today's performance at least twice week, you could quit your job.


Jeff

 

[JLB123]

2007-07-26 JW Trading Activity : Arb play

Today the options buy signal was strong until about 2 hours before the market close it started to fade. Does this mean tomorrow is going to be a down day? I don't know and quite frankly, I don't really care either. So I dicided to test the arbitrage concept again. The money in play was minimal but outcome is a positive one.

 

[JLB123]

[30 min into market close] I think there was a bad print of DIA price day low of 131.14. This might screw up some ppl's stochastic calculation.

 

[JLB123]

Quote from JLB123:

2007-07-26 JW Trading Activity : Arb play

Today the options buy signal was strong until about 2 hours before the market close it started to fade. Does this mean tomorrow is going to be a down day? I don't know and quite frankly, I don't really care either. So I dicided to test the arbitrage concept again. The money in play was minimal but outcome is a positive one.

... and yet it came back. Initiate SFBHP SPY AUG 146 Call @4.50

 

[JLB123]

Add to long position with DAWHZ - DIA AUG 130 Call @5.00.

Open position : 2.