Investing Journal - T2S

just bought back afl put for 0.38 (i actually bought it back for 0.32 but 0.38 includes commissions). I really need to reconsider doing these because I am required to use a certain brokerage firm and the cheapest I can get is 7$ per option trade. thats $14 round trip which represents way too much. this one turned out profitable as I made a net gain of 75% in a couple weeks but there's just too much going against me (short term tax gain, commission, etc) for me to consider this a profitable strategy for me.

will stick with common for now.
 
just put in large trade for OXY @81.98. im okay with this purchase price as its lower then i sold my last oxy block for at like 83.50.

im a little worried because if the market starts to crack i think oxy will feel it pretty heavily.

i do think this thing runs up to 110 or so at some point and hope to hold til that happens.

will add more around 75.
 
account value: $32,340

coh and oxy trade doing very well so far, oxy kinda gave some back today but happy overall with the two.

i dont like being as much cash as i am right now and watching the market take off obviously but going to keep as is for now and see what happens.
 
just transferred 2k into account.

account value: $33,754
total deposits: $19,400

getting absolutely crushed today even though im like 2/3 cash.

somehow CAT, COH, and OXY are all getting absolutely killed today, which happen to be like the only 3 holdings I have (except for small positions in AFL, GE, GD, NSC)
 
have a lot of oxy, made some trades that i didnt post.

would do this trade if my account was bigger:

Sell jan 2015 AAPL put @350 for $40

In Jan 2015 based off current estimates apple will have around 260B in cash which would put them at about 285 per share in cash alone. If you get put the stock you buy apple at 310 effectively.

However, the primary purpose of this trade would be to hold it til the put is worth ~$20 or so, would have no intention of holding it til jan 2015 but would be okay with doing so if the market let me.

However, this trade is out of my reach since it would require me putting $31,000 on the sidelines to do it.
 
finally got big jump in OXY

swing trading is tough, i think OXY will be at 100 within 6 months. so should i just hold until it reaches my price target or try and play all the ups and downs on the way there? for now i will hold but a big part of me wants to sell after this 3.5% pop today.

Still out performing SPY but not by nearly as much as I'd like to. I find I outperform better in more moderate market as opposed to straight up like we have been.

I sold everything a bit ago as I posted a couple entries ago but I got all back in about 2 weeks ago, mostly in CAT and OXY but I also but some defensive ones KMB and TGT.

I picked up 100 shares of coach (COH) @ 48.50 a couple weeks ago and finally getting some good action in the last two days. my goal on COH is to ride it up to about the 55 area then sell it or sell a call depending on the prices I can get. up 7.66% on COH as I'm writing this.

I am back to my concentrated style as OXY, CAT, COH, KMB, TGT make up about 80% of my holdings atm.

Still have small quantities to avoid taxable event in AFL, GD, NSC, GE. I don't think I've mentioned this before but this journal represents two accounts, a CMA and a ROTH. the 4 securities i just mentioned are in my CMA. I used to trade my CMA a lot but after 2 years of tax returns and doing a bunch of options and short term this that and the other I'm going to be much more passive in my CMA going forward.

I still have the AFL put as well, which has been moving in my direction since I put it on.

value update as well:
Accounts value: $38,290
Total deposits: (added $2,900 in the past couple weeks) $22,300
 
just sold KMB, made 11% in 3 weeks. i was planning on holding to KMB longer term but 11% in a boring name like KMB in 3 weeks gotta take the gains off the table.
 
also wanted to mention how frustrating CAT and OXY are being..i would add more to both if i wasn't already heavily allocated..i guess i feel the same way apple holders feel.

obviously looking for big bounces in both! they both announce Monday and I will hold both through earnings...
 
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