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Just one great call can make all the difference... NYX...I have been waiting for this day for so long....Last year I bought AX the day I found out about the merger...Needless to say and 250% later AX has been A great call....So the day finally gets here and what do I do???

Do a little Moback around 64.50 on Tues. I made It my largest position and not only that, but bought a ton of Call Options @65.00, @70.00, and @75.00...Pure gamble I think not...Bought Protective Puts @60 for the common and again at @75 on Wed....Yes Yes I did sell some and got all my money back out..So I'm not being a PIG, But you gotta love the way it just took off today...Reminded me of BOT, CME, ICE, ISE and NDAQ the way they went public...I Know it didn't go public it was a "reverse stock whatever", But I don't care It was $$KaChing$$...

I hope everyone got a piece on Tues. or early Wed. No telling where the low float and momentum players are taking this one...I hope to the moon before March Expiration on the 17th..

Sorry for not posting in the past 2 days, but this has been the most active 3 days since the Tech bouble was popping in 2000.

Excel Sheet Is Ready and updated for all transactions done!!!!!

I Pat my self on the back for Selling Brazil on Monday @39200 and buying most of it back Wed. @ 36500 level
 

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Over 100 transactions in 3 days you can understand not being able to keep up the post...

Comments Welcome....Tried to get a little more defensive...DNA, CEPH, BUD, MO, PG, C, T, GHCI.....bought back quite a few that I was selling on monday and tuesday..Especially Brazil...They corrected 9% in 3 days...That's enough to be a buyer I hope....WOW Japan up 2.4% maybe it trickles to Europe and US later today...It's needed after this sell off....

---Wednesday: 400K+ Day---Best Day Ever:D :D :D

It was mostly NYX/AX position in common and call options along with Brazil Bouncing off 36500 level and some bottom fishing Mid day...
 

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What a week!!! Best week ever ($ Amount)....481K week....

Most of that was the Massive position I established on AX before it went NYX.....Call Options at 65, 70, 75 on Tuesday....Even Made Some money on my protective puts, I bought for insurance going into Thursday....

8000 shares Common NYX was held till early Thursday morning after doing a little profit taking on 3000 shares at 79.50 Wed. before close...I didn't sleep at all on Wed. night (I was so proud of myself and nervous as hell)...Closed 8000 shares Common NYX Position at 86.37...and Bought 5000 back Friday at 74.55..I wanted to buy it back since I had protective put postion at 75.00 for 5000 share position...No down side till March 17th expiration...

I'm not an option person by any means so to make these kind of 48 hour returns is mind blowing to me... I love a sure thing and nothing in this market is for sure...But I went with my guts and I just Knew CNBC would do their job and get NYX all hyped up..Even though it has been trading since last year as AX...It's so funny how the masses just hurd together and follow each other like sand in an hour glass------until the HOUR is UP!!! I was in AX Like 9 months ago (avg. Position Size) and had just been waiting for Wed. ----It Paid off HUGE....

NYX Calls @65.00-----387.76% Closed Wed.
NYX Calls @70.00-----857.14% Closed Wed.
NYX Calls @75.00-----1063.64% Closed Wed.
NYX Calls @65.00-----742.86% Closed Thurs.
NYX Calls @70.00-----1452.38% Closed Thurs.
NYX Calls @75.00-----2072.73% Closed Thurs.
NYX Puts @75.00-----54.17% Closed Friday

Anyway for the rest of the Portfolio...Did some serious trading this week....(I'm Glad I just have a flat 1.65% Commision..----- (1.65%/4) commision taken out quarterly....

1st: I got very defensive and yield happy this week,
Bought NAT (Shipper--Thurs. was secondary--- 26% yield)
Bought TRMS (Inc. Position ahead of Earnings---Good BioTech)
Bought MTU (Japan Largest Bank on BOJ rally)
Bought LM (Inc. Position Nice safe Financial on pullback)
Bought EWJ (Japan iShares...Inc. Position on BOJ Rally)
Bought EWY (S. Korea iShares...Inc. Position Asia Rally w/ Japan)
Bought CEE (Russia, Central Europe, and Germany Closed End Fund...on Europe Pullback---6.5% yield)
Bought EEA (Russia, Central Europe, and Germany Diversified Closed End Fund..on Europe Pullback)
Bought ICE (Exchanges are on fire...Sector Rally)
Bought XSNX (Inc. Position on pullback after selling last week when It doubled on me...Speculative play on Solar Windows (Yes you can see throught them...SkyScrapers 10 Yr's from now Think about it!!!!---It was .13c a few months ago I sold it 2.10)
Bought OXPS (Exchange Products on fire...It had a huge pullback So I loaded)
Bought ZHNE (Speculative Fiber Play with VOIP exposure)
Bought PWI (Inc. Position Canadian Oil Trust...14% yield...It goes lower I keep adding!!!)
Bought ISRG (Bottom Fishing But sound HealthCare play)
Bought ASYT (Little Pullback..Flat Screen Production Equipment..Good Chart)
Bought ISE ( Inc. Position in Exchange anything)
Bought PKX (Korean Steel maker..take over rumors...Asia rally...Steel Bounce..bottom fishing on discount...Cash heavy company...3.6% yield...5th largest steel maker in world..anything else I would have to buy more
Bought SID (Brazil Steel Maker...16.2% yield...Steel Bounce)
Bought LFUS (Bottom Fishing on Industrial Electric Equipment play and got a guidance upgrade the next day)
Bought TY (Increasing Asia Exposure Closed End Fund
Bought VZ (Inc. Pos. Defensive DOW 30 Play in TelCom Sector)
Bought CCRT (Consumer Loan Play...Safe Defensive Company)
Bought AEG (International Insurer...7.4% Yield)
Bought HW (Inc Position..Bottom Fishing..Clean Coal Play)
Bought TYC (Defensive Global Conglomerate)
Bought MT (Steel Bounce..International Play..2nd largest in world)
Bought WVVI (Wine Maker..Increasing Production from last year when they ran out of better more expensive wine.)
Bought ANK (Bermuda Telecom)
Bought ITF (150 S&P/ TOPIX Index)
Bought COH (High End Retailer..I think that's Defense)
Bought EFX (Bussiness/Consumer services...in on pullback)
Bought CL (Colgate Polmolive---Defensive Conglomerate)
Bought VNO (Bussiness REIT in North East..3.5% yield)
Bought AAA (German Drug and Chemical Manufacture..2.2% yield)
Bought AET (HealthCare Ins. Plans---Defense)
Bought ANN (High End Retailer..I think that's Defense)
Bought ARA (Brazil Paper Play...4.3% yield)
Bought ATI (Inc. Pos.--Titanium on Pullback--Best year in Plane orders for Boeing and Airbus)
Bought AWC (Australia Alluminum--Sector pullbac---3.2% yield)
Bought CHA (China Telecom--2.4% yield--on China Correction)
Bought CLE (Cater's to 17 to 27 Yr. old women who would still charge regardless of economy. DEFENSE. MonsterQuarter Thurs.)
Bought CLF (Iron Ore Pullback..My man "Jeffery Gendell 2nd largest holder")
Bought CMC (Steel Bounce Nothing special)
Bought CME (Inc Pos. On pullback---Exchanges on fire)
Bought COF (Capital One--Credit Cards what a great business with MasterCard IPO coming out---Buzz in the industry always good)
Bought NDAQ-(Increased Position...This Exchange had a pullback so I bought more)
Bought CWPC (Speculative Canadian oil sands Play that goes 4.5 to 5 and back to 4.5 to 5 .. So I will begin to play the cycle and hold the original common long that was purchased last year at .27c (1500% return)

2nd: I made a very bad call on Brazil thinking it was a bottom Wed. late in the day...Started buying everything I sold this Monday...But It actually worked out pretty good ... I got very lucky and got a nice bounce, So I decided to sell the Brazil Purchases on Thursdaymid morning before we fell apart again.....

I'm not going to load up on Emerging Markets when I think the correction is over...That Game is just way to hard and looking back---- Had I gone to lunch or somthing I could of been out Like 30K fast...I got very lucky my youngest boy was home for spring break and was watching/helping with International Stocks...We had way to many transactions this week, But he likes short term investing and he did/helped with many purchases/sells this week..YOU DON'T EVEN KNOW HOW PROUD I AM OF HIM AND HOW FAR HE HAS COME....CBOE Watchout He Wants To Be A Derivative Trader....We are very opposite (I'm the turtle/He's the Rabbit...I believe I won the Race!!! Right?)HAHA

Have a good weekend (I get to finally put the Boat (GLW story) in the water.)

2006 Performance 33.825%

:D $CostAverageMAN:D
 

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Cost AveMan,
Nice job on NYX. That was a great way to capitalize on the volatility. I was curiously watching when you bought back brazil. I wondered how you knew it was a bottom . The last couple of years march and april were soft in the spx . I don't know about brazil though, however it did have a huge run up.
Your style of investing is interesting and you are doing a great job with this journal. Thank you for the glimpse of your trading style. Tony
 
Brazil Bottom was an Oversold Bounce....39200 Monday to 36500 Wed. Late in day....That 9% in 3 Days that's a bit much and most Equity had fallen lower than that....I was very concerned the correction wasn't over On Thursday morning when I Sold Most Bank Positions at a +5% one day gain on the Bounce..Didn't want to give back the short term gains.....I did stay long PDA it is way OVERSOLD on scares that Bird Flu hits S. America....I was thinking of going long LQU on Monday...(LQU-Very Large S. American Brewery with good fundamentals) trying to get the portfolio defensive....On Thursday I Bought ARA ( Brazil Paper Products) Very Defensive for Emerging Markets....Also looking at CH (Chile closed end fund on last weeks pullback)....

Do I think the correction is over....NO.... I believe Brazil Trends downward and Test 34000 Level, but it depends on how World Markets react....If world starts falling brazil goes down even faster...It's Index has done like 300% in 4 years....Correction needed badly!!!!
 

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Brazil 5 Day CHART

Current Brazil Positions
ARA (PAPER PRODUCTS GOOD FUNDAMENTALS)
BBD (1 OF 3 VERY LARGE BANKS IN BRAZIL)
PDA (POULTRY AND MEAT PRODUCTS)
EMT (BRAZIL TELECOM)
GGB (GREAT STEEL PLAY)
ITU (1 OF 3 VERY LARGE BANKS IN BRAZIL)
SID (STEEL PLAY WITH 16% YIELD)
TSU (BEST MOMENTUM BRAZIL TELECOM)
 

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Hello $cost

Can you comment more on your AX trade:
When did you start accumalating this and why did you think it was a sure thing?


I'm not an option person by any means so to make these kind of 48 hour returns is mind blowing to me... I love a sure thing and nothing in this market is for sure...But I went with my guts and I just Knew CNBC would do their job and get NYX all hyped up..Even though it has been trading since last year as AX...It's so funny how the masses just hurd together and follow each other like sand in an hour glass------until the HOUR is UP!!! I was in AX Like 9 months ago (avg. Position Size) and had just been waiting for Wed. ----It Paid off HUGE....

NYX Calls @65.00-----387.76% Closed Wed.
NYX Calls @70.00-----857.14% Closed Wed.
NYX Calls @75.00-----1063.64% Closed Wed.
NYX Calls @65.00-----742.86% Closed Thurs.
NYX Calls @70.00-----1452.38% Closed Thurs.
NYX Calls @75.00-----2072.73% Closed Thurs.
NYX Puts @75.00-----54.17% Closed Friday
 
The 80 Protective Puts Contracts @ 60 Started Monday late and finished tuesday afternoon..When I purchased a Large 10000 share block of AX at 64.50

The 50 Call options at 65 were purchased all day Tuesday.....20/10/10/10 at a time.

The 80 Call options at 70 were purchased all day Tuesday with 3 orders 40/20/20

The 120 Call options at 75 were purchased all day tuesday 20 at a time...... 20/20/20/20/20/20 as the price kept dropping I kept adding to this position...

The 80 Protective Puts @75 were purchased Wed..After I sold 3000 common shares at 79.50...This reduced my position to 8000 Common going into Thursday when I sold it all at 86.37....Friday I sold 30 Puts @ 75 before I purchased 5000 more common at 74.55 Near the close of the Friday...

Selling The Calls were very easy on Wed. and Thurs. there was lots of demand and I was up huge..... Let go of some Wed. late in the day and Thursday early in the day.....I'm still holdingCALLS---- 20contracts @ 70....20contracts @ 75 and PUTS 80contracts @ 60 and 50contracts @ 75

I'm down $7000 on the 80contracts @60....But if the common really drops next week I got double protection...

I didn't think it was a sure thing given the run up in AX had since NYSE merger was announced, but this day had been circled on my calendar for a very long time and to me Owning AX isn't that appealing, but I used a little market psychology and figured that the masses would just have to own a little NYSE and given the low float and locked up shares this was going higher on Wed. Think about the days like BIDU, CBOT, GOOG IPO and other high profile days where all CNBC does it talk them up on TV.....The masses always drive those stocks way past valuations for the first couple of days....I understand it wasn't an IPO, but the street was going to treat it like it was the hottest thing of the month....
 

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Hello $COST,

Thanks for the nice explanation

The 80 Protective Puts Contracts @ 60 Started Monday late and finished tuesday afternoon..When I purchased a Large 10000 share block of AX at 64.50


^^^ About this part,

I know you did it for hedging purposes,

but how does the math go, If the stocks went up how much money did the puts lose?

Since you have 80 , puts which is equivelent to 8000 shares

Was that because you were biased long, so you did not buy 100 puts
to let 20 net long?

How does the whole protective puts work out for you? in percentage terms?

Thanks for your detailed explanation previously :)
 
The I had an original plan to let go of 3000 of the 11000 shares right when it looked like the stock was going lower, I managed to hold until right before close on Wed.-----This is why I only bought 80 Put contracts at X=60 and again at X=75

the X=60 Puts closed wed. with a value of .05, but I had the protection I wanted and was willing to pay for this 1/2 MIL+ position in the common...Waste of money.... yea but I slept good Tues. knowing that if it dropped I was secure....

The way I figure it---The cost of the Puts was free given the 1st Calls I sold Wed. covered the cost plus some!!!
 
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