Another Great Week, $12,711 Gains in 2012 as of 02/10/2012

Market pulled back this week after several positive weeks in a row. Marget never got into a positive territory unlike previous pullbacks over the last four weeks.   VIX is spiking; indicating short-term top in the market. SPY 1350 continues to be a strong resistance. It will be interesting to watch Feb options' expiration week. I am expecting lackluster March options' month though next week will be volatile.

Nice gains were booked this week, in spite of rolling over losses from prior week. All three positions open today are spreads, so we will use the spread legs to our advantage depending upon the tide in the market. Positions are well balanced leaving about 70% of portfolio in cash.

2012 Portfolio Statistics

Total Gain (All Trades) 508%

Average Gain/Trade 12%

Portfolio Gain           $12,711 (64%)

Win Rate                 80%

Average Held Days 3.34

Talk to you next week.

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Alert 44 - QQQ Diagonal Spread

QQQ Diagonal Put Spread at a debit of $2.24 

(Sell MAR 16 '12 63 Put 

Buy MAR 30 '12 66 Put) 

Comments: It's a portfolio balancing act. Market isn't rallying like every other pullback. TTWO Feb calls are also sold to collect premium.

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

Alert 43 - TLT Calendar Spread

TLT 116 Calendar Call Spread

(Sell FEB 17 '12 116 Call

Buy MAR 16 '12 116 Call)

Comments: Bonds are in medium term downtrend but rallying on the weakness in the market. Target : $1.50 or rollover to next week

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Alert 42 : New Position

Buy TTWO Mar16'12 15 Call at $1.25

Comments: Jim Cramer likes the stock. Potential support at 15.72 and huge open interest for any short covering potential. I will sell Feb call to make it a spread if  stock moves higher.

Feb 10, 2012

UXXX5008 BOT TTWO 20120316C15 XXX@1.25

ALERT: UXXXXXXX BOT TTWO 20120316C15 XXX@1.25 as of 2012-02-10 11:51:45

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Several Position Closed

Please see the blog. Decent gains are booked for the week. 

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Targets for Open Positions

NFLX Diagonal Spreads : $2.30 

RHT Veritical Spread: $0.85 to $0.90 

Comments: I suggest to close NFLX positions tomorrow. RHT should have a GTC order in place to realize 40-50% gains.

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Several Positions Closed

Comments: Several losing positions are closed. SPY is trading well above 135 and should act as a support going forward. RHT is well above 48 levels and if it stays here for another week we should have 67% gain on this trade compensating losses of all closed positions today. NFLX positions are in money as well.

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