MyWealthyOptions

Strategy, Approach and Statistics

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Wednesday, February 29, 2012

Target for position 50

Target for position 50 is $1.65 for today in case market drops. We will have a new target tomorrow if there are no execution today.

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

Alert 51: WHR Put

+ APR20 '12 77.5 Put at $4.70

Comments: Speculative trade on an overbought stock for a quick 20% gain

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

Tuesday, February 28, 2012

Alert 49 : GILD Calls Adjustment

Sold GILD MAR16 '12 46 Call at a credit of $1.47

Comments: Net cost for GILD position is $0.83 (2.30-1.47).

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

Monday, February 27, 2012

Market will Peak-Out This Week

GILD is the only long position for March expiry which I'd either close or convert to spread by selling 45/46 call. It is likely that market will peak out this week at least for the short term. VIX beginning to rise again, and it seems traders are protecting gains for a potential pullback. I am considering a VIX spread as well.

It may be a good idea to protect the long positions or buy back-month calls.

Friday, February 24, 2012

Alert 50 - SPY Butterfly

SPY Butterfly at $1.23

(Buy MAR 02 '12 139 Call

Sell MAR 02 '12 136 Call

Buy MAR 02 '12 133 Call)

Comments: My order is open and will track it only if this signal gets execution. The trade is placed assuming that the SPY will trade between 135 and 138 by closing on March 02, 2012.

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

Wednesday, February 22, 2012

Alert 49 : GILD Calls

GILD MAR16 '12 44 Call at $2.30

Comments: Speculative play. Stock hammered 20% in last 5-day period and should give a pop if market holds well. This should also balance short positions. I am also watching home builders ETF for potential long positions.

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

Tuesday, February 21, 2012

Closed alert 48 for 38% Gains

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