Posts Tagged Under open positions
Buying some VIX Calls for protection
After the huge movement in the markets, is time to buy some protection against our portfolio. Even though we might continue to see some movement to the upside, I think a small pullback is about to happen. Today, I am buying some contracts on the VIX Apr $16 Call @$4.00. Best wishes everyone,
By Carlos Molina
Buying PCLN Call March $230
Priceline has been in my radar since January, after earnings the stock went up to $235+, well today it touched the $220 level, that gave me an entry point for the March $230 Calls at @$3.70.
By Carlos Molina
Buying some more RIMM March $70 Calls
Yesterday, I mentioned to you guys that if RIMM was to pullback I was going to get in the trade once again.
Well, the dip was IN this morning…. I opened some contracts on RIMM March $70 Calls @$1.94. So far the chart is showing that RIMM wants to go higher. The price target $90.00
By Carlos Molina
Open and IBM $125 Call
Buying the dip, I went ahead and open a position on IBM March $125 Call @$2.69 We can see a bounce in the markets closing the month tomorrow. Techs will drive this market higher….
By Carlos Molina
Opening a Mastercard Call $220 Position
One of my stocks in my portfolio have been taking a hit since reporting earnings, that is MASTERCARD ( MA ). However, that’s not going to stop me from making money in the meantime. Today, I decided to pull the trigger on some March contracts, the $220 Call @$5.60. Why? 1.Technicals, look at the chart and you will see the signals on the RSI, and MACD indicators. 2. Mastercard has a support of around $217.50, so our entry level is not that compromised at all, probably a $5 or 10 down,,,vs,, $30 or 40 up risk/reward. We need this market to finish strong for the rest of the week to see our position gain some $$$. Happy trading everyone!!!
Don’t forget, you can follow my 2010 Performance where you will find all of my individual transactions.
By Carlos Molina
Opening Position RIMM March $70 Calls
I opened a position in RIMM today, buying the March $70 Calls. The stock was down today along with the markets, that gave me an opportunity to look at the charts and wait for the break to the upside. Many analysts are giving their input on the company, and it looks promising. I bought the $70 March Calls at $1.88. Follow my portfolio by visiting my current positions.
By Carlos Molina
2010 Performance Update
This post displays all of my transactions for 2010. (Options and Stock transactions).
Over the years, I have learned that trading is a game of odds. Nothing is certain when it comes to the financial markets, and the only way in which we can consistenly take profits in to take action when the odds are in our favor. Therefore, sometimes you will see me using the volatility of the markets in my favor, and taking advantage of some day trading, and/or even opening and closing my positions in the same week of purchase for a quick profit ( raising cash, LOL ).
Remember, we can be wrong 30% of the time in our trades, and still make good amount of money during the year. “Never let a winner turn into a loser”.
Best wishes for your 2010 trading year!!!
About the Results
Open amount: $50,000 (hypothetical)
Investment per trade (QTY): The max amount of $5,000, WITH NO FRACTIONS.
Commision Expense: +/-$25.00 per trade
| Symbol | Date Bought | Bought @ | Date Sold | Sold @ | % Return |
|---|---|---|---|---|---|
| MA Mar $220 Call |
Feb 25
|
$5.60
|
Feb 26
|
$6.40
|
13.60%
|
| PCLN Mar $230 Call |
Feb 25
|
$3.70
|
Feb 26
|
$4.80
|
28.90%
|
| IBM Mar $125 Call |
Feb 25
|
$2.69
|
Feb 26
|
$3.10
|
14.30%
|
| GOOG Mar $540 Call |
Feb 23
|
$10.50
|
Feb 25
|
$5.00
|
-52.9%
|
| RIMM Mar $70 Call |
Feb 23
|
$1.88
|
Feb 24
|
$2.72
|
43.5%
|
| $VIX.X Mar $20 Call |
Feb 19
|
$2.55
|
Feb 22
|
$2.20
|
-14.7%
|
| U.S. Steel (X) *Exercised |
Feb 2
|
$47.20
|
Feb 22
|
$48.00
|
3.9%
|
| GOOG Mar $530 Put |
Feb 18
|
$9.30
|
Feb 19
|
$8.10
|
-13.5%
|
| PCLN Feb $190 Put |
Feb 17
|
$1.30
|
Feb 17
|
$1.90
|
44.6%
|
| GOOG Mar $540 Call |
Feb 16
|
$14.40
|
Feb 17
|
$16.70
|
13.7%
|
| GOOG FEB $530 Put |
Feb 11
|
$3.50
|
Feb 12
|
$6.00
|
70.6%
|
| GOOG Mar $540 Call |
Feb 11
|
$12.50
|
Feb 11
|
$15.70
|
25.1%
|
| X Mar $46 Call |
Feb 10
|
$2.38
|
Feb 11
|
$3.12
|
30.1%
|
| X Mar $46 Call |
Feb 8
|
$2.50
|
Feb 9
|
$3.30
|
31.0%
|
| AAPL Jul $200 Call |
Feb 4
|
$16.00
|
Feb 8
|
$18.50
|
15.1%
|
| Goldman Sachs (GS) |
Jan 6
|
$174.30
|
Jan 7
|
$177.70
|
1.5%
|
| Transocean (RIG) |
Jan 5
|
$88.60
|
Jan 6
|
$90.70
|
1.9%
|
|
YTD %
|
24.38% |
The YTD% is calculated based on the hypothetical value of the account $50,000 as of Jan 01 2010
Disclaimer:
By Carlos Molina
Closing my GOOG March $540 Call
As I expected, Google ( GOOG ) rallied today, and after opening lower, I went ahead and open my position. An hour later it bounced back all the way from $529.50 to over $540. And as it did, I went ahead and cash in on my option, selling it at $15.70 for a quick day trade gain of 25%.
Also since I’ve been following the trend in the stock, I WENT AHEAD AND OPEN A NEW POSITION buying the GOOG $530 PUT FOR FEB @$3.50. Those contracts will expire next week, Feb 19. So, I have to be quick with the trade and let GOOGLE pull back once again from the $540 level. Every time that Google has tried to go above the $540 level, the stock is being sent to the $527-529 price. Let’s see if it works for tomorrow.!
By Carlos Molina
Opening new X Option Position
Just open another position on U.S. Steel (X) @$2.38 for the March $46 Call. The channel for the past week has been between $42 and $47.50. If Germany and Europe resolves the issue with Greece, we can see the dollar turn around and these commodities stocks go higher. I will be updating you in the technical chart of this stock later in the week.
By Carlos Molina
Buying X March $46 Call
Today, into the close I am opening a position going long with U.S. Steel (X). I bought the March $46 Call for @$2.50
I am long in the stock since last week, and today I am adding to my bullish position that a rebound on metals is near.
By Carlos Molina
- Jerry Larach : 21% Gain in two positions is not bad at all. Keep up the good work. ...
- Mel : There is a bubble and it's hovering over the ceiling of the stock mark ...
- Jerry Larach : That was a good CALL... 15% ROI !!!! Not a bad day.... Good J ...
- Mel : Analiza EGAS y comentas como la ves ...
- Mel : Good move. You should include that transaction in the performance sect ...
- Carlos Molina : Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica pos ...
- inocente : carlitos el melvin me comento a cerca de tu pagina me gustaria aserte ...