06.19.08
CNX BLPS
Here is another speculative trade I have placed, so size accordingly.
Symbol: CNX
June 110/105 BLPS for a credit of 1.10.
Adjust USO
I just added a bear call spread on USO for the June 111/112 Calls for a credit of .20. As USO was going down, I bought back the debit for .03. No additional margin, so this can only help my position. Getting pretty crazy!
USO BLPS
I can’t get enough of oil. I entered a vulture bull put spread today. Here are the details:
BLPS June 107/106 – Credit of .30.
I will look to put a topside to bring in additional credit and not increase margin requirements.
S -66.67%
A lot of lessons this month on what type of trades to enter and be in. This was one of them that wasn’t too favorable. I closed the bull call spread on Sprint for a credit of .20. That gives me a loss of -.40 / .60 = -66.6%!
06.17.08
JPM Butterfly
I am attempting to backtest a volatility trade where there are no earnings announcements, but purely on the vol skew relative to the stock. Here is what I placed today:
Trade: Butterfly
Strike Prices:
July 45 Puts
July 40 Puts
July 35 Puts
Debit of 1.79
HD +37.5%
I closed my calendar on Home Depot recently for a credit of .55. This gives me a profit of .15 / .40 = 37.5% in a week!
USO +50%
I closed my iron condor on USO today for a debit of .25. That gives me a profit of .25 / .50 = 50% in 6 days!
WLT +23.4%
I closed my bull put spread on WLT Industries for a debit of .21. That gives me a profit of .91 / 3.88 = 23.4% in 5 days!
06.12.08
Update on Returns
As you may have noticed, I have not been able to publish monthly results for a month or two. I am making a big transition to a super duper Mojo spreadsheet that will help manage my overall trades better and mark to market my wins and losses. This will take into effect next Friday. I hope to have things running then and be able to do a better job of accounting for my trades.
GS Adjustment
As Goldman is continuing to get battered, I added a delta neutralizing position to protect us against adverse price movement. I sold the June 150 Calls for a credit of 15.70.
