Monthly Archives: April 2011

Market Condition: Cautiously bullish

Posted on April 30, 2011 by admin

Although the major indexes are hitting technical resistance, Schaeffersresearch.com is bullish in this week’s Monday Morning Outlook. Chartadvisor.com’s author (Joey Fundora) is a bit more cautious in his recent post, due to the overbought market condition. I will tread the … Continue reading →

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Weekly Trading Summary

Posted on April 30, 2011 by admin

Another profitable week.  Other than the covered calls that are already set up, I also traded a few short term spreads. BIDU: I set up a call spread (long 135/short 140) in one account ($85.00/pair of contract) and a put … Continue reading →

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We survived BIDU earnings and our BIDU spreads are making money.

Posted on April 28, 2011 by admin

BIDU reported good earnings and good forecast.  Today BIDU shares are up a bit.  Our BIDU spreads (135/140) are making money.  Two points to take home with: BIDU is not as volatile as used to be, reflected by the smaller … Continue reading →

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Option Basics

Posted on April 27, 2011 by admin

To learn the basics about option trading, read the following sites: www.Investopedia.com (1st choice for definition of various terms and concepts). www.Schaeffersresearch.com www.CBOE.com

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How to Monitor Market Conditions

Posted on April 27, 2011 by admin

MUST Read: ChartAdvisor.com.  This site publishes a weekly Market Summary on Friday.  An excellent chart pattern analysis site, it gives a good reading on the market condition.  I use this to help gauge my trades.  If one reviews the Market … Continue reading →

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It appears that we are surviving the NFLX post earning shock.

Posted on April 27, 2011 by admin

NFLX reported good earnings, but its next quarter forecast spooked investors and the shares went down 9% yesterday.  The share prices are stable today, a good sign.  With our fingers crossed, hope NFLX shares won’t continue its descent to below … Continue reading →

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FFIV spread

Posted on April 26, 2011 by admin

FFIV is pulling back a bit from post earrings high of $106+.  I think this is due to profit taking.  It is unlikely to go below $100 in near term.  So I set up a spread of FFIV put, long … Continue reading →

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NFLX trade

Posted on April 25, 2011 by admin

NFLX was scheduled to release earnings after hours today.  I created a spread today: long NFLX 215 put, short NFLX 220 put, expiring in 4 days, cost: $4.35/pair.  If NFLX stays above 220 by this Friday, my potential profit is … Continue reading →

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Bidu: how to hedge

Posted on April 25, 2011 by admin

Bidu is scheduled to report earnings in 2 days (Apr. 27th).  I usually don’t trade issues before earnings (too risky).  However, I placed some Bidu bullish trades today. Today’s trade: Bidu spread: Long 135 call, short 140 call, expire in … Continue reading →

Posted in Today's Trade, Trading Strategy | 1 Comment

Today’s Trade: Roll Up FFIV calls

Posted on April 21, 2011 by admin

Today is the last trading day of the week.  We are having a terrific week so far.  FFIV went up a lot, leaving my FFIV 95 calls expiring today in the money.  As a result, my long FFIV shares are … Continue reading →

Posted in Today's Trade, Trading Strategy | 1 Comment