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!

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Most positions closed

Please see the blog  

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

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.  

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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 

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

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)

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MyWealthyOptions
info@MyWealthyOptions.com

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.

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