Replies to post #77687 on SPDR S&P 500 (SPY)

[Neutral Man]

Trade Journal for Dummies(LOL)!

Using Further weakness to pickup some Apr34 calls!

Adding more LONGS here Boss, bought Apr31 calls, this gives us a 1.3 to 1 Long bias!

Using DOWN action to Sell Apr34 puts with REckless abandon!

Wow, we were, well, Wayyyyy Offfffffffffff, LOL, we expected a GAP up and then a Crash-n-Burn, instead da-Boyz GAP-R Down and initiate a "Compulsive, Cascading, Waterfall, Discount-Wave and we think we're gonna LIKE IT!?

We expect the GAP down to NOT be filled, then a test of the Break-Out, 31.68 with a Bounce, then we violate 31.68 on the down-side and make a RUN for the Island Beach at 31.23 and see if we can Catch-a-Wave of Meaning, or NOT, LOL!

Revised 4cast-r says............................, The End is Near!?

Date Open High Low Close
3-Apr 32.11 32.40 31.83 32.35
4cast
6-Apr 31.76 32.26 30.93 31.21

Boyz, you are Awesome at dis-GAME and we kinda LIKE IT, NICE!!


TODAY's COMPLETED and/or PENDING TRADES:

New trades today:
BtO, 40 Apr34 calls at 0.18!

Pending trades(GtC, Good till Cancelled):
None

TRADE HISTORY:

OPEN POSITIONS(Long/Short ratio = 1.5 to 1 Net Long bias)

LONG(controlling 30k shares):
42, BtO, Apr34 calls at 0.18 (40), holding
41, BtO, APr31 calls at 1.48 (40), holding
40, StO, APr34 puts at 2.26 (40), holding
38. BtO, Apr32 calls at 0.98 (80), last 1.14, 1.28 gain
34, BtO, Apr35 calls at 0.12 (100), last 0.13, 0.10 gain


SHORT(controlling 20k shares):
29. BtO, Apr33 puts at 2.63 (40), last 1.24, -5.56 loss
26, StO, Apr27 calls at 3.08 (40), last 5.23, -8.60 loss
23, StO, Apr30 calls at 1.02 (40), last 2.56, -6.16 loss
02, BtO, Apr28 puts at 1.87 (40), last 0.09, -7.12 loss
01, BtO, Apr28 puts at 2.91 (40), last 0.09, -11.28 loss


Pending Gain/(Loss)$, (37.34) or -37,340
Commissions$, (1280)
Total cost$, -38,620

CLOSED TRADES:(we've closed 32 trades thru 01Apr)
03Apr(3)
33, StO, Apr35 puts at 3.08 (40), bought for 2.93, .15 gain, posts as .60
37, BtO, Apr31 calls at 1.48 (40), sold for 1.68, .20 gain, posts as .80
36, BtO, Apr31 calls at 1.59 (80), sold for 1.69, .10 gain, posts as .80
02Apr(5)
35, StO, Apr31 calls at 1.65 (80), sold fro 1.73, .08 gain, posts as .64
32, BtO, Apr33 calls at 0.50 (80), sold for 0.65, .15 gain, posts as .60
11, BtO, Apr34 calls at 0.16 (80), sold for .31, .15 gain, posts as 1.20
18, BtO, Apr32 calls at 0.72 (40), sold for 0.82, .10 gain, posts as .40
19, BtO, Apr29 calls at 2.48 (40), sold for 2.68, .20 gain, posts as .80
01Apr(4)
31, StO, Apr32 puts at 1.90 (40), bought for 1.70, .20 gain, posts as 0.80
30, StO, Apr32 puts at 1.85 (40), bought for 1.70, .15 gain, posts as .60
28, StO, Apr31 puts at 1.20 (40), bought for 1.15, 0.04 gain, posts as .20
27, BtO, Apr32 puts at 1.98 (40), sold for 2.43, 0.45 gain, pots as 1.80
31Mar(0)
None
30Mar(4)
25, StO, Apr28 calls at 2.36 (40), bought for 2.26, .10 gain, posts as .40
24, StO, Apr28 calls at 2.37 (40), bought for 2.27, .10 gain, posts as .40
22, StO, Apr27 calls at 3.21 (40), bought for 3.01, .20 gain, posts as .80
21, StO, Apr28 calls at 2.70 (40), bought for 2.40, .30 gain, posts as 1.20


Beg Port Balance , $30,000 (inception date 23Feb09)
FebOE gain/(loss), $ 2,100
MarOE gain/(loss), $10,780
AprOE gain/(loss), $ ??,???

Posted gains against 1000 shares, $26.60/1000 shares or $26,600 less commissions (Port starting funds = $42,880, 62.0% posted gains for this OE period).

Daily Gains$:

23Mar- 4.92, 30Mar- 2.80, 06Apr- ?.??
24Mar- 1.44, 31Mar- 0.00
25Mar- 5.40, 01Apr- 3.40
26Mar- 1.60, 02Apr- 3.64
27Mar- 1.20, 03Apr- 2.20

Wkly Gain/(Loss)$:
Wk1- $14.56, Wk2- $12.04, Wk3- $?.??, Wk4- $?.??