Trade Journal for Dummies(LOL)!
Using higher prices to take on CASH and Profits as we buy back dem Apr36 puts!
Go Figure, we look to be Wrong with our GAP-Up prognostications, well, AGAIN, LOLOL!
It appears the TA, Chart, FIbs & Lies play-ar's will be removed from the game-board this week as the Q's make a RUN for the YTD +20.0% marker at 35.83, Sweeeet!
Of course da-Boyz will do some picture painting with a Gap-Down and some movement down to the 32.43 Gap from Friday, BUT, we'll use said down-ness to remove shorts and add long!
That said, we have some serious werk to do as we've gotten ourselves into a Fine Mess with our Apr27 and Apr30 calls sold SHORT at a time when da-Boyz have decided to go Top-SIde and make a RUN for 35.83, OUCH!
TODAY's COMPLETED and/or PENDING TRADES:
New trades today:
BtC, 40 Apr36 puts at 3.02, .10 gain, posts as 0.40 with 40 contracts!
Pending trades(GtC, Good till Cancelled):
None
TRADE HISTORY:
OPEN POSITIONS(Long/Short ratio = 1.55 to 1 Net Short bias)
LONG(controlling 18k shares):
50, StO, Apr31 calls at 2.04 (80), last 1.99, -0.40 loss
34, BtO, Apr35 calls at 0.12 (100), last 0.06, -0.60 loss
SHORT(controlling 28k shares):
48, BtO, Apr30 puts at 0.33 (40), last 0.06, -1.08 loss
44, BtO, Apr30 puts at 0.29 (40), last 0.06, 0.92 loss
29. BtO, Apr33 puts at 2.63 (40), last 0.70, -7.72 loss
26, StO, Apr27 calls at 3.08 (40), last 5.97, -11.58 loss
23, StO, Apr30 calls at 1.02 (40), last 2.91, -7.56 loss
02, BtO, Apr28 puts at 1.87 (40), last 0.00, -7.48 loss
01, BtO, Apr28 puts at 2.91 (40), last 0.00, -11.64 loss
Pending Gain/(Loss)$, (48.90) or -48,900
Commissions$, (1600)
Total cost$, -50,500
CLOSED TRADES:(we've closed 40 trades thru 08Apr)
13Apr(1)
51, StO, Apr36 puts at 3.12 (40), bought at 3.02, .10 gain, posts as 0.40
Posted gains against 1000 shares, $34.64/1000 shares or $34,640 less commissions (Port starting funds = $42,880, 80.8% posted gains for this OE period).
Daily Gains$:
23Mar- 4.92, 30Mar- 2.80, 06Apr- 1.40, 13Apr- 0.40
24Mar- 1.44, 31Mar- 0.00, 07Apr- 0.00
25Mar- 5.40, 01Apr- 3.40, 08Apr- 2.28
26Mar- 1.60, 02Apr- 3.64, 09Apr- 3.96
27Mar- 1.20, 03Apr- 2.20, 10Apr-Holiday
Wkly Gain/(Loss)$:
Wk1- $14.56, Wk2- $12.04, Wk3- $7.64, Wk4- $0.40