upTwo stocks (which I bought) opened with a gap this month…

SHFL had an earnings conference at 5pm on the day I bought the call options. The earnings announcement was great news and the next day, it opened with a huge gap upwards, my $1.85 call options became $5 instantaneously! It was also my first trade made with 2 contracts (I figured I have enough capital to buy more than 1 contract).

EPD had a sharp increase the 2nd day after my purchase too, but I was in a Put option. Thank god for my stop loss, the trade exited automatically at a loss of $90.

Balance after exit trade made in March: $3,191.28 (Goal reached!)


EXEC TIME SPREAD SIDE QTY SYMBOL SPC EXP STRIKE TYPE PRICE NET PRICE
10/03/06 23:21:54 SINGLE BUY +1 SSCC 100 APR 06 12.5 CALL 1.05 1.05
17/03/06 23:12:19 SINGLE SELL -1 SSCC 100 APR 06 12.5 CALL 1.20 1.20
RETURN: +14.29%
20/03/06 22:57:56 SINGLE BUY +1 SHFL 100 APR 06 25 CALL 1.90 1.90
21/03/06 00:19:45 SINGLE BUY +1 SHFL 100 APR 06 25 CALL 1.80 1.80
22/03/06 00:15:07 SINGLE SELL -1 SHFL 100 APR 06 25 CALL 5.70 5.70
22/03/06 01:18:11 SINGLE SELL -1 SHFL 100 APR 06 25 CALL 6.10 6.10
RETURN: +218.92%
21/03/06 23:23:35 SINGLE BUY +2 EPD 100 APR 06 25 PUT .90 .90
22/03/06 22:30:26 SINGLE SELL -2 EPD 100 APR 06 25 PUT .45 .45
RETURN: -50%
29/03/06 23:15:28 SINGLE BUY +2 MON 100 APR 06 80 CALL 5.30 5.30
03/04/06 22:42:47 SINGLE SELL -1 MON 100 APR 06 80 CALL 7.50 7.50
04/04/06 03:44:10 SINGLE SELL -1 MON 100 APR 06 80 CALL 7.20 7.20
RETURN: +38.68%

* After commissions, SEC fees, interest earned, non-resident alien withholding

Total profit for the month: +221.89%
Average profit for the month: +55.47%

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