May 2010 Results

June 2, 2010

Not much of a surprise here, since May expiration had already booked almost all the profits for the month. The only exceptions were BIDU and GS, which I held into expiration. Reason? BIDU was way ITM on the Bull Put and it was a total loss (-$250) and the GS Bear Call was so far [...]

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A Word About Delta

May 26, 2010

“Negative” – that’s the word right now – especially since the ‘flash crash’ on 5/6. I have been moving towards negative delta since the beginning of May and my portfolio is now at -187 with all JUN expirations. I still believe that we are headed to S&P 1000 to 1020 as major support. Below is [...]

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Apple Adjustment – Video

May 20, 2010

Just a quick post to let you know what I did today in the wake of the bear move. I made an adjustment to the AAPL Double Calendar and I made a video on it. It’s in the Download section on the right and it’s called “Video – AAPL Double Calendar Adjustment”. It’s a 6 [...]

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Another Good Expiration

May 19, 2010

Again this month’s expiration (April 2010) is going to be very good – far exceeding my monthly expectation $2,000 – as of today $3,750. Of course the month is not over yet, but the gains I am talking about today are already realized. I only have one MAY spread still open and that’s the MAY [...]

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Conservative Account May 2010 Update

May 12, 2010

It’s been a while since I have gone into any depth on activity on this account, but you know what? That’s the way it’s designed. This is not an active trading account and I never intended to trade any more than a maximum of once a month. So, this was the week that I looked [...]

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What Could Happen

May 9, 2010

First off, Happy Mother’s Day to all you Moms out there that are reading this. Because of that, I won’t make this a long winded post – I need to sneak it in quickly before the day kicks off.. I know last week was very exciting and no one seems to know what really happened. [...]

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Sell In May

May 1, 2010

That’s what they say. Then go away – presumably for the the summer. But, if you look at the last 10 years of the Dow, you would see that this advice was only good about 50% of the time. I think I can flip a coin and call heads each time and be right ‘about’ [...]

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This Market is a Riot

April 29, 2010

. Conservative Account I deposited additional capital into this account and I didn’t want it sitting there doing nothing. I have been waiting for a pull back of a few stocks on my list and I got that a few days ago with Qualcomm (QCOM). The reason for the pull back had to do with [...]

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Penny Stocks

April 25, 2010

Do you ever get email touting a particular penny stock that is about to “explode”? How about the companies or individuals that actually take the time to send out, in snail mail, multi-page brochures with so called “in depth research” on a company that will “explode” make you rich? I get them all the time. [...]

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Where Are We Headed?

April 21, 2010

I had to re-write this post, since I wanted to include a brief comment about Friday’s pullback. But, as it turns out, it wasn’t that big of a deal. If you listen to people such as Tom Sosnoff at TOS or many other market commentators, you would have been hearing a lot about the coming [...]

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