Trajan's options journal

this thing has changed direction enough times.....for a second i was really excited as it flirted with the $12.60ish levels......back to $13.12 now.....


wow....a 100000 block just went through belowthe bid
another one.....270700 block below the bid
 
Lol, it was pretty volatile there. I guess Chambers gave code words that this quarter has a chance of being decent.
 
The things I heard did not seem to warrant the drop into the 60's that followed. At least in my opinion. Guess we'll find out more tomorrow.
 
Overall, it was another solid day of trading. Sold a 20 lot of the 12 puts at .60 which was a very good price. The order was entered at a point which seemed to ba an extreme with a nice margin for error if the stock kept going down. Sold out the balance of 12puts at .55, hit the bid with these as the stock was moving higher. The 12 puts came in at the end of the day after the stock had quieted down and both were on the sythetic call offer. Bought 1000 shares of common at support of 13.01, this was a much better entry point than my prvious attempt at scalping. Bought a 20 lot of the march 17 calls to enable me to sell calls against. At the end of the day, I sold a 10 lot of the feb 12 calls at 1.10. This was hitting the bid but need to hedge deltas and sell premium.

Overall, pretty good, the account stands right now at $29,393.43. Came in a little long today so it could have better. Deltas are also closer to a 1000 than 800.
 
great journal....i get the feeling you have spent some time on a floor off of van buren a couple blocks away from the billy goat...
keep up the good work!
 
Quote from OVERtheLINE:

great journal....i get the feeling you have spent some time on a floor off of van buren a couple blocks away from the billy goat...
keep up the good work!
More...
Yes, I have eaten a cheeseburger or two.
 
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