Paper trade.
Date/ Action/ Symbol Description / Quantity/ Price / Commission charged/ Net gain/(loss)
NSM
1/9/2006 STC .NSMAE-NSM JAN 25 Call Qty:1 Px:$3.5 Comm:$14.95 Net:335.03
1/4/2006 BTO .NSMAE-NSM JAN 25 Call Qty:1 Px:$2.35 Comm:$14.95 Net:-249.95
Gain of $85.08
INTC
1/11/2006 STC .INQAE-INTC JAN 25 Call Qty:1 Px:$1.45 Comm:$14.95 Net:130.04
You can check out my options broker. I opened my trading account at ThinkorSwim.com (TOS).
Apart from the fact that they have a weird name, they really set themselves apart from other options brokers. They have a unique website that’s not boring like other broker sites, sometimes their sales copy are really funny… Go to their “Our current promotions” page and you’ll know what I mean. I wonder when I’ll get my monkey… hmmm…
Paper trading. I have a starting capital of $5000 for my simulations.
CAMP
12/29/2005 Sell to Close (STC)
.CQIAB-CAMP JAN 2006 10 Call Qty:1 Price:$0.75 Commission:$14.95 Net amount:$60.04
12/21/2005 Buy to Order (BTO)
.CQIAB-CAMP JAN 2006 10 Call Qty:1 Price:$1.3 Commission:$14.95 Net amount:$(144.95)
Loss of ($84.91)
CELG
12/29/2005 STC
.LQHAK-CELG JAN 2006 55 Call Qty:2 Price:$8.1 Comm:$14.95 Net:$1605
Income stream #1 – Options trading
I had always wanted to learn how to trade options. IMHO, I like the leverage that options trading give and it’s also cheaper than stocks, forex and futures. I attended options trading workshop previews, read books about it and I have a very basic idea of how to buy and sell them by doing some paper trades (trading simulation) at optionsxpress.com, but from the trades I made using the simulation… it was pure gamble because I had no system whatsoever…
