MyWealthyOptions: April 2012

Strategy, Approach and Statistics

We moved to a new home.

We launched paid real time alerts. Please visit us at http://www.MyWealthyOptions.com

For questions, write to us at info@mywealthyoptions.com

You may want to investigate other newsletters like Booking Alpha, Benzinga Cash Generator, Benzinga Options and Volatility, Glinser Services, The Option Wiz for the real time alerts and auto trading experience. Commission plays a bigger role in improving the profitability of spread trades. It may be a good idea to open an account with low cost brokerage firm like Options House (100 free trades) to give extra punch to your gains.

Wednesday, April 11, 2012

New Home

We moved to a new home. Please visit us at www.MyWealthyOptions.com

All the registered emails on this blog will continue to receive free newsletters. Open positions will be available to only paid members starting April 15, 2012.

Feel free to post any feedback to us at info@mywealthyoptions.com

We are excited and Thank You for visiting us!

Tuesday, April 10, 2012

Most positions closed

Please see the blog

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

Monday, April 9, 2012

Added SPX Credit Spread

SPX credit spread is added

4/9 at 11:18AM - S&P 50 day moving average is at 1370. Maximum profit potential is (1.05/3.95) if the position expire worthless on Apr 13.

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

Added EWZ calls

Added EWZ calls. Please see the blog for details

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

Saturday, April 7, 2012

Personal Executions

There was a question to me for personal executions. I thought it's a good idea to add this as a post and thanks to all who already subscribed to the alerts. From 4/16, only closed trades will be posted on the website. Compliance advisors are working on the disclosures, membership agreement, and terms. A full website will be launched in April 2012, yes, within 2 weeks.

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Till date, 90% of trades are executed in my personal account and at the prices displayed in the track record. FAQs are forward looking and there will be a time when I will not be able to execute several trades in my account. See the executions emails below for the said two trades. You pick a trade from the track record, and I should be able to forward an execution alert. Other 10% were the thoughts.

I am very choosy and sometimes it takes 2-hours before execution. As subscribers grow, probably I might have to relax the maximum entry and exit price which will result in comparatively lower gains. Feel free to watch for some time prior to making a decision.

Thanks for writing.

Apr 05, 2012

UXXXXXXX BOT TLT-COMB XX@0.33

ALERT: UXXXXXXX BOT TLT-COMB XX@0.33 as of 2012-04-05 15:14:16

Interactive Brokers

Interactive Brokers LLC, member NYSE, FINRA, SIPC

Apr 05, 2012

UXXXXXXX BOT VXX-COMB XX@1.26

ALERT: UXXXXXXX BOT VXX-COMB XX@1.26 as of 2012-04-05 15:07:30

Interactive Brokers

Interactive Brokers LLC, member NYSE, FINRA, SIPC

Added more executions for 04/05 (SPY, SPX are not added as I have to add two separate alerts because Tradeking sends separate emails for the legs of spread).

Apr 05, 2012

UXXXXXXX SOLD TLT-COMB XX@1.15

ALERT: UXXXXXXX SOLD TLT-COMB XX@1.15 as of 2012-04-05 13:37:43

Interactive Brokers

Interactive Brokers LLC, member NYSE, FINRA, SIPC

Apr 04, 2012

UXXXXXXX SOLD TLT-COMB XX@1.21

ALERT: UXXXXXXX SOLD TLT-COMB XX@1.21 as of 2012-04-04 10:01:43

Interactive Brokers

Interactive Brokers LLC, member NYSE, FINRA, SIPC

Apr 04, 2012

UXXXXXXX BOT TLT-COMB XX@0.99

ALERT: UXXXXXXX BOT TLT-COMB XX@0.99 as of 2012-04-04 12:54:47

Interactive Brokers

Interactive Brokers LLC, member NYSE, FINRA, SIPC

Market Outlook 4/9/12

Market looks like oversold, but a dip is not ruled out, followed by compensatory bounce.

Corporate earnings are expected to be weak, which will begin pouring in next week. We look forward to opening put spreads for June and hedging those positions with back dated call spreads.

Home builders, retailers, global market ETFs, look oversold. A drop in the market should give an opportunity to open back dated call spreads. VXX will become attractive if market bounces back.

More, FAZ and FAS always move in opposite direction 3 times the movement of banking index. I may open both positions in conservative portfolio.

S&P Support: 1390, 1377

S&P Resistance: 1401, 1418

Two open positions:

Job numbers was a disappointment on Friday. Traders may panic sell in the Morning on Monday causing both VXX and TLT to rise. If supports kick in at 1390, market will show compensatory bounce as it will coincide with the oversold conditions giving additional momentum.

Target: 1.50

VXX Calendar Spread

(Sell APR 13 '12 18 Call

Buy may 19 '12 18 Call)

Target: 0.50 (I will watch this position closely; this may double the position if TLT stays within 112-115 range)

TLT Calendar Spread

(Sell APR 13 '12 113 Call

Buy APR 20 '12 113 Call)

MyWealthyOptions
info@MyWealthyOptions.com

Thursday, April 5, 2012

Two positions opened

All positions are closed for a nice gain and two new positions are initiated. These were executed in my personal account around 3PM.

Look at the statistics so far.

Several positions are closed

Several positions are closed. Please see my blog for details. I look forward to new positions in an hour.

Wednesday, April 4, 2012

Several Positions initiated

Several Positions are initiated. Please see the blog. I am expecting
S&P to hold 1390 by the close of Thursday.

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

Tuesday, April 3, 2012

Closed: Position 68 added: TLT Spread

Position 68 is closed at $0.86 in a day trade for 18% profits. TLT is
volatile after FOMC minutes. I am booking profit in this day trade a
little less than $0.90 target.

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TLT Calendar Spread at $0.74
(Sell APR 05 '12 112 Call
Buy APR 20 '12 112 Call)

Comments: Market is expected to rise which will result in price drop
of TLT. A rollover to next week is likely if position doesn't perform
on expected lines. Target $0.90+

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

Closed: First Position on Hedged Balanced Portfolio

Below position is closed at $2.10.

Comments: Closed for a decent gain in a day. It may give even better
returns by Friday, but I do want to start this portfolio by a winning
trade. I am superstitious, so an early exit.

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VXX Calendar Spread at $ 1.77
(Sell APR 05 '12 17 Call
Buy JUN 15 '12 17 Call)

Comments: VXX will stay low in the near-term and a bounce back in the
summer is a possibility. I will let the short leg expire on Apr 05 or
rollover to generate additional rental income.

Position 69 added: SPY Calendar Spread

SPY Calendar Spread
(Sell APR 05 '12 142 Call
Buy APR 20 '12 142 Call)

Comments: Trade should be profitable if SPY closes between 141 and 143
on Thursday

Position 68 added: TLT Spread

TLT Calendar Spread at $0.74
(Sell APR 05 '12 112 Call
Buy APR 20 '12 112 Call)

Comments: Market is expected to rise which will result in price drop
of TLT. A rollover to next week is likely if position doesn't perform
on expected lines. Target $0.90+

Monday, April 2, 2012

Added first position on Hedged Balanced Portfolio

VXX Calendar Spread at $ 1.77

(Sell APR 05 '12 17 Call

Buy JUN 15 '12 17 Call)

Comments: VXX will stay low in the near-term and a bounce back in the summer is a possibility. I will let the short leg expire on Apr 05 or rollover to generate additional rental income.

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