Option Trades August 2006
Sep.15, 2006 in
Options trading
Alright, the results are finally in for August because I held onto LNG for a long time till mid-September. August was a big struggle, lots of my stop losses were triggered, but my patience paid off with TEX and LNG. I won’t be trading much in September because I’ll be going on vacation on the 25th. So far I’m making a loss in September with CYT, but we’ll see…
Balance after exit trades made in August: $4,676.92 (+5.02%). Click “read more” to see my trades.
| EXEC TIME | SPREAD | SIDE | QTY | SYMBOL | SPC | EXP | STRIKE | TYPE | PRICE | NET PRICE |
|---|---|---|---|---|---|---|---|---|---|---|
| 8/3/06 22:19:11 | SINGLE | BUY | +3 | ADI | 100 | SEP 06 | 35 | PUT | 3.90 | 3.90 |
| 8/4/06 01:17:13 | SINGLE | SELL | -3 | ADI | 100 | SEP 06 | 35 | PUT | 3.00 | 3.00 |
| RETURN: -23.08% | ||||||||||
| 8/4/06 22:10:11 | SINGLE | BUY | +1 | BIDU | 100 | SEP 06 | 70 | CALL | 7.80 | 7.80 |
| 8/17/06 03:32:27 | SINGLE | SELL | -1 | BIDU | 100 | SEP 06 | 70 | CALL | 8.80 | 8.80 |
| RETURN: +12.82% | ||||||||||
| 8/15/06 01:07:31 | SINGLE | BUY | +3 | MRH | 100 | OCT 06 | 15 | CALL | 3.30 | 3.30 |
| 8/25/06 22:30:20 | SINGLE | SELL | -3 | MRH | 100 | OCT 06 | 15 | CALL | 2.70 | 2.70 |
| RETURN: -18.18% | ||||||||||
| 8/15/06 22:26:08 | SINGLE | BUY | +2 | BCO | 100 | SEP 06 | 50 | CALL | 6.10 | 6.10 |
| 8/21/06 21:44:11 | SINGLE | SELL | -2 | BCO | 100 | SEP 06 | 50 | CALL | 6.20 | 6.20 |
| RETURN: +1.64% | ||||||||||
| 8/17/06 00:59:08 | SINGLE | BUY | +3 | TEX | 100 | SEP 06 | 40 | CALL | 3.40 | 3.40 |
| 8/31/06 22:34:20 | SINGLE | SELL | -1 | TEX | 100 | SEP 06 | 40 | CALL | 2.60 | 2.60 |
| 9/5/06 22:40:07 | SINGLE | SELL | -2 | TEX | 100 | SEP 06 | 40 | CALL | 4.70 | 4.70 |
| RETURN: +17.65% | ||||||||||
| 8/29/06 22:26:06 | SINGLE | BUY | +3 | LNG | 100 | OCT 06 | 35 | PUT | 3.20 | 3.20 |
| 9/13/06 00:53:57 | SINGLE | SELL | -2 | LNG | 100 | OCT 06 | 35 | PUT | 5.00 | 5.00 |
| 9/14/06 01:50:10 | SINGLE | SELL | -1 | LNG | 100 | OCT 06 | 35 | PUT | 4.20 | 4.20 |
| RETURN: +47.92% | ||||||||||
Total profit for the month: +38.77%
Average profit for the month: +6.46%
September 18th, 2006 at 7:59 am
I’ve enjoyed reading your options trading blog this weekend and wanted to check in to see what options trading system and education materials you used to gain your knowledge. I’ve been researching the best approach to learning – with an initial goal of paper trading for 3-6 months while I learn.
Thanks
September 18th, 2006 at 9:08 am
Hello K Dykes,
Thanks for the wonderful feedback. I’m using Star Trading System at Masters ”o” Equity. But before this, I read up on Stephen Cooper’s books “Online Option Trader” and “Writing covered calls” (can’t recall the name, it was just for fun reading). Besides that, I attended a lot of free previews for option trading seminars (sales pitch mostly, but you can learn a few things there).
I also read up on candlesticks. Books by Steve Nison and Stephen Bigalow are pretty good. I especially like Nison’s book, it’s more simplified and easier to understand.
Please let me know how you are doing in the future. All the best!
P.S. If you do sign up for the star trading system, please let me know
November 2nd, 2006 at 10:40 am
Wanted to ask someone who is already using it before i went ahead and purchased this system. Is really as wonderful a tool as its been marketed?
Thanks and appreciate your help.
Cheers,
Mutahir.
November 4th, 2006 at 2:05 am
Hi Mutahir,
Yes, it has worked for me. Recently, I’ve had a few losses, but not all trading systems can guarantee a 100% win. Overall, I’m still profiting at the moment, you can see from my monthly trades journal.