Here is the week's trading in review. There were gains,losses and more purchases. The major lesson learned this week is that it is not wise to choose tops or bottoms and to wait for confirmation.
Profits taken:
An August QQQ $74 Call was sold as the profit stop price was hit. The trade ended Code Green
A GLD August 2nd $121.00 Put was bought and sold as the loss stop price was hit. The trade ended Code Red.
An August JPM $55 Call was purchased.
An August USO $38 Put was purchased.
Two August SBUX $72.50 Calls were purchased.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Saturday, July 20, 2013
Friday, July 19, 2013
Stopped out of GLD Put trade
The stop price of the GLD Put trade has happened. GLD has surpassed a resistance level of $125.
Current open positions are JPM Aug $55 Calls, and USO Aug 38 Puts.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Current open positions are JPM Aug $55 Calls, and USO Aug 38 Puts.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Thursday, July 18, 2013
New Trade in JPM August Calls
A new trade purchasing the JPM Aug $55.00 call has happened. The calls were purchased for $1.82. The target is $3.50. The stock is currently trading at $56.14.
Other current trades include an Aug 16 NTAP $40.00 call and an Aug 2 GLD $121.00 put.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Other current trades include an Aug 16 NTAP $40.00 call and an Aug 2 GLD $121.00 put.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Wednesday, July 17, 2013
New Put Trade in GLD
An August 2nd $121.00 put has been bought in GLD. The Put was purchased for $1.38. GyLD is currently trading at $123.31.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Wednesday, July 3, 2013
Opened Trade in LNKD
A LNKD July $195 call has been purchased. The reason for the purchase is today's breakout in price to the upside.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
Tuesday, July 2, 2013
Stopped Out of Apple July $430 Call For Profit
The Apple July $430 Call Option trade was stopped out today at $3.40 after commissions for a 17% profit.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **
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