Weinstein Trading and Fading

Still holding the short swings

BP
CVX
MIR
SYNA - I added to the short today.

I added GTI as a short swing.

Day trades

BYI + 101
VRX + 2374
STZ + 255 (includes some scalping)

I scalped
BWA
FWLT

Still long UAUA covered

+2817 for the day
+ 5810 for the week
+ 13284 for the month
+ 52248 for the year
 

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CVX was getting ugly so I bought back at a loss 6 of 9. I didnt pick the worst time of the day to buy them back but it was close.

I bought back BP at a small gain

I now am short 3 covered CVX

I closed out MIR and the options on it. I made a nice gain on that one.

I sold 4 of the 10 MMR puts for a gain. I expect MMR to fall within the next couple of days. I am now short 200 shares and long 6 in the money puts.

I shorted some more SYNA at an ave of 40.63. I am now short 28 @ 39.80

i had two day trades today.

YGE which I was killed on by not following my entry rules. I went into it very heavy and very fast and it moved big time against me. After the last couple of days I felt I should step up the shares and today appears to be the wrong day. I still have 243 shares short.- 4185 ouch

the other day trade was WDC which I was able to get what I thought was a very conservative and great entry. I added size very slow and this too moved and moved. I did make money on it as I would have with YGE if I had done the same thing. +79

- 4667 for the day
+ 1141 for the week
+ 8617 for the month
+ 47581 for the year
 

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Added to my MMR short with options as IB didnt have any stock to short.

Now S 15 may 35 puts which i plan to exercise. also still have the 359 shares short. This trade is in the black as of today with an average of 2.40 for the puts and 32.03 for the short stock

Only one day trade

TIF + 636

I closed out the little bit of YGE i carried over. Had I held it would have turned into a great trade. Oh well lesson learned

scalped a few today
EMC +20
A + 17
TRN + 148

IB gives a discount for the shares traded over 300K in a month. It actually becomes "free" after ECN rebates to trade. With that in mind I think scalping for small profits is worth while if it pushes me over 300K

Added to my shorts GTI and SYNA

SYNA has about one or two more days and if it doesn't move in my direction I am going to take the loss and move on.

GTI is close to break even. Still feel very good about this short

short covered CVX and down a very little but was positive at times yesterday and today. I am still feeling good about this trade and knowing that the stock doesnt need to move and I will earn time premium on the options.

The covered UAUA closed at exactly even today. I will wait until tomorrow to see if I need to make a choice with UAUA.

Entered into a new short swing trade today. Take a look at STO. I received a trend end signal today. I shorted 2 @ 39.92 and wrote 6 May 40 calls @ .35 each.

+ 835 for the day
+ 1976 for the week
+ 9482 for the month
+ 48416 for the year
 

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I left Early on Friday to go up north with the Family so I am adding in my PnL for friday now.

Closed out Friday at a small loss as reported by IB.

I had 45 May 15 UAUA calls expire on Friday but it doesnt get reported in the profit so I will manually add it in on monday.


-59 for the day
+ 1917 for the week
+ 9423 for the month
+ 48357 for the year
 

Attachments

Frustrating day. Tried to short MMR and Zolt but IB did not have any. Both would have made great shorts during the open.

I was able to short for day trades:

TSL + 1005
FRO + 555

UAUA broke down hard today. started out with 39 and 4 of them covered with jun 15 calls. Sure wish I would have had either the 12.5 bid lifted or wrote more 15 calls on friday. I sold 9 UAUA @ 12.98 and then bought 2 back @ 12.60. this gives me 32 UAUA @ 15.64. 4 of them covered.

SYNA went up and then down and I bought back during both the up move and then the down move. I now have 1 @ 39.94 so that I can continue to watch how this plays out and not worry about the losses. Took a big loss on this one.

Bought some ZOLT back near the close for a small loss. Still short 3 @ 30.08. I did have May 30 puts exercised on me this weekend.

Sold 6 more GTI as part of a swing fading trade @ 25.49. Now have 12 GTI @ 24.54

Going to look to sell down UAUA tomorrow as its been expensive from day one. With any downward movement in oil this stock should move up strongly.

I am adding in the 45 UAUA 15 calls that exp Sat but do not show up in the realized profit
1.38 * 45 for a total of 6180 after commissions

also Sold 8 may 30 ZOLT puts @ .575 for a total of 454 after commissions

- 7153
+ 6180
+ 454

- 519 for the day / week
+ 8904 for the month
+ 47838 for the year
 

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