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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (1272)2/26/2002 8:42:32 PM
From: Dr. Stoxx  Respond to of 4058
 
Well not a bad day considering the roller coaster ride the markets took today. Look for more of the same tomorrow. Charts look very confused...and so am I!

Closed yesterday's OEX puts on part of that early downdraft, but there was a lot of profit left on the table. Later positions which I held are at or just under breakeven, thought they were all underwater most of the day. The DJX tanked a bit in AH's trading, so that may bode well for us tomorrow. But look for quick profit taking on my part on the puts.

We ended just shy of the 1000% mark.

TC



To: Dr. Stoxx who wrote (1272)2/26/2002 8:45:02 PM
From: Dr. Stoxx  Read Replies (3) | Respond to of 4058
 
999%: not bad for 1 month's work, eh?

Keep in mind that that is not a total account increase...just the return on the average investment...which right now for me is very small. I'm still just trading about $500 to $1k per position, with many less than that.

Still, the experiment so far seems to be working!

TC



To: Dr. Stoxx who wrote (1272)2/27/2002 4:57:39 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 4058
 
BTTT-Options Trading Results/New Trades

CLOSED POSITIONS

For trades 1-50, see post #1236

51. 2/25 CEPH calls: even
52. 2/25 FDX calls: +10%
53. 2/25 QQQ calls: +44%
54. 2/25 DJX calls: +15%
55. 2/25 C calls: +10%
56. 2/26 OEX puts: +20%
57. 2/27 DJX puts: -20%

OPEN POSITIONS:

2/26: OEX puts
2/26: QQQ puts
2/27: QQQ puts

TOTALS:

Total Trades: 57
Total Wins: 42
Total Losses: 15
Cumulative Gain: +979%