MyWealthyOptions: March 2012

Strategy, Approach and Statistics

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Friday, March 23, 2012

Position 63: position 62 doubled

SPY Butterfly at $1.20

(+ MAR 30 '12 136 Call

- MAR 30 '12 139 Call

+ MAR 30 '12 142 Call)

Updates to the "Last 10 trades" section of the blog will be made shortly.

Potent position 62: SPY Butterfly

SPY Butterfly at $1.25

(+ MAR 30 '12 136 Call

- MAR 30 '12 139 Call

+ MAR 30 '12 142 Call)

Comments: My order is working. I will count it as a trade if execution takes place. I am expecting a market drop on Monday. Today's mild rally is due to oversold market conditions.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Thursday, March 22, 2012

Position 61 added: SPY Diagonal Spread

SPY Diagonal Spread at $1.67

(Sell MAR 23 '12 139 Call

Buy APR 20 '12 139 Call)

Comments: one day trade for 10% gain

Updates to the "Last 10 trades" section of the blog will be made shortly.

Position 59 and 60 closed for decent gains

Please see the blog

Wednesday, March 21, 2012

Pullback Coming 3-5%

A market pullback of 3-5% is expected shortly (as early as tomorrow). I'd leave my FAZ position open for few more days. There will be no trade today.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Monday, March 19, 2012

Position 60: FAZ Call Spread

FAZ Vertical Call Spread at $0.62
(Sell APR 22 '12 22 Call
Buy APR 22 '12 20 Call )

Comments: Same as position 59. Position doubled. I am expecting a market pullback.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Friday, March 16, 2012

Position 59 Added

FAZ Vertical Call Spread at $0.80
(Sell APR 22 '12 22 Call
Buy APR 22 '12 20 Call )

Updates to the "Last 10 trades" section of the blog will be made shortly.

Wednesday, March 14, 2012

Position 58 added

Please see the bog

Updates to the "Last 10 trades" section of the blog will be made shortly.

Tuesday, March 13, 2012

Hostorical Day

What a DAY!!!

Market blew on the higher side breaking through multiple resistances. Probably, it was due to the rollover of positions (this is options' expiration week). Several bears may still be left caught on the short side of the market. Either they will further give tailwind to the market on the upside or will try to take it lower. Shorts are truly bleeding over the last couple of months. S&P has resistance around 1400, so not sure if the market is seriously in uncharted territory form today.

I closed QQQ Put Diagonal spreads today realizing the worst single day loss of 2012. There are several opportunities in the market, but have no courage to add a position on the blog. I get nervous if there is no support/resistance in place. Pair trades or calendar calls may be a good idea, but I do want to take a moment prior to making any move. Entire portfolio is in cash and still have huge gains so far in 2012. Let me remind you of SPY, QQQ dividend this Friday, so any calls may be negatively impacted.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Friday, March 9, 2012

Position 56 added

+ MOS 20120316P57.5 XX@2.06 as of 2012-03-09 10:38:17 (see the blog)

Updates to the "Last 10 trades" section of the blog will be made shortly.

Thursday, March 8, 2012

Position 55 added

Please see the blog. Executions were difficult, but it came after an hour's wait.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Wednesday, March 7, 2012

Position 54 added

Please see the blog

Updates to the "Last 10 trades" section of the blog will be made shortly.

Position 53 Closed

Please see the blog

Updates to the "Last 10 trades" section of the blog will be made shortly.

Tuesday, March 6, 2012

Alert 53 : SPY Diagonal Spread

SPY Butterfly at $1.36

(+ MAR 09 '12 133 Call

- MAR 09 '12 136 Call

+ MAR 09 '12 139 Call)

Comments: SPY has a support at 134.30. The trade will be profitable if SPY closes between 134.36 and 137.64 by closing on March 09, 2012.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Monday, March 5, 2012

Alert 52 : TEX Calls

+ TEX APR20 '12 22 Call at $2.50

Comments: Speculative trade for a market rebound. Given the market conditions, I will trade it with a 20% stop loss, which will hit just below the support at $22.50.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Sunday, March 4, 2012

600% Gains as of March 1st, 2012

Market always present several stocks on the long and short sides. Nasdaq has been rallying on the strength of Apple. Apple ipad news may drive the market on Wednesday specially the semiconductor and WiFi data providers. For Monday, I look forward to trading either of SPY, QQQ, Sears, Wynn, Russell 2000 Index fund. It may a smart idea to open a long-term GLD position. 1700/1650 is the strong support for the gold. A specific stock pick depends upon the market action.

I'd either close or rollover open QQQ positions this week. Note that a dividend on March 16 is favoring the put spreads. It is likely that GILD will return about 50% gains if market doesn't retreat balancing the losses on the open QQQ positions. This is the primary reason for not closing GILD position so far.

Overall, the portfolio is in the great shape. Over 600% gains are booked so far, and the portfolio is up 80%.

Enjoy reading this great educational resource.

Thursday, March 1, 2012

Closed position 50 at 28% Gain

Please see the blog for details.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Closed Position 51 for 15% Gains in 1-Day

Comments: It may fall further, but I do want to book gains at target price.

Updates to the "Last 10 trades" section of the blog will be made shortly.