Welcome to my 3K-100K project. I focus primarily on commodity related stocks: metals, coal, oil/gas. Most of my trades focus around a core of 10 stocks, along with various ETFs. I will most commonly be in 1-2 trades and at times will sit with none. Call and put options with 1-2 month expiration times are where I focus almost all of my trades. I tend to be quick on most trades and don’t like holding trades for extended periods of time.
Feb 14: I sold my HAL calls at $2.43 for a $4,720 gain. The stock is extremely bullish but my options expire tomorrow.
Feb 11: I sold my GDX calls due to the gap lower below the 7. I sold them at $0.44 for a $2,700 lost.
Feb 5: I entered the AAPL trade. 10 Feb 465 calls at $4.70.
Feb 5: I am looking to buy AAPL calls into the close today. The price action is bullish today and I believe the likelihood of more strong bounce is high. I’m looking at doing 10 of the Feb 465 calls.
Feb 4: I also added HAL calls. 40 Feb 40 calls at $1.25. The stock is outperforming today and if strength reenters the market HAL could have a big surge intraday. HAL had a big earnings beat and I expect to see it break to new highs after consolidating back to the 7. As is the case with GDX, if the stock reverses back below the 7 I will exit.
Feb 4: I bought GDX calls. 50 Feb 42 calls for $0.98. I’m going to use the 7 as a stop, around $42. So I will end up leaving today if the buying reverses into selling. I’m looking for about a $1.50 bounce. If the weakness from today reverses, I am looking to potentially buy HAL or IBM.
Feb 1: I sold both my positions. I sold VALE for $0.50 for a $2,600 and I sold IWM at $0.76 for a $2,960 loss. I broke my stop on both and paid the price. This puts me back to $17,352. I hope Jeff enjoys his short-lived lead!
Jan 29: I also bought VALE puts. 50 March 20 puts for 1.02. Vale gives me a recent underperformer, along with a sector that has had disappointing earnings, and an easy stop out.
Jan 29: I bought 40 IWM Feb 90 puts for $150. IWM is trading below the 7 for the first time this year and given the overbought nature of the market, I am adding. I will look to stop out with a move above today’s highs.
Jan 25: GDX moved faster and more bearish than I expected. I am taking the trade off at $3.50. This was a $6,060 profit or 137%. This puts me in all cash sitting at $22,912.
Jan 23: I bought 30 GDX Feb 45.5 puts for $1.48. GDX has been consolidating for a while and after yesterday’s attempt at a bullish move followed by today’s bearish action, I am adding the put trade.
Jan 17 (a): I sold my IBM position for $3.55, a $300 profit, 9.2%. I myself am in need of some time of being out of the market….for at least a day, probably till next week. The account is sitting in all cash at $16,682.
Jan 17: I sold the rest of my CVX position for $10.20 for a $5,050 profit or 98% profit. The trade has been good to me and while there are signs it still has more upside, I myself have had enough of the trade.
Jan 11: I sold my Jan CVX puts for $1.97. They expire next week and I don’t want to hold them any longer as value will be fast to come out if there is any pull back. It was a 140% profit for $1,150. I am holding the other CVX play and IBM. The account is at $14,172 with 15 minutes left in the trade today.
Jan 4 (a): I added 10 IBM Feb 195 calls for $3.25. It is a similar play to CVX from a technical standpoint, although IBM has already tested its gap from the new year.
Jan 4: I bought 10 Feb 105 calls on CVX for $5.15. With today’s weakness, I like the opportunity to add. I also bought 10 Jan 110 CVX calls for $0.82 to give me a more levered position but with little risk. I will look to put on another position if strength comes back into the market.
Jan 3: I sold all three positions. I still like the market higher but I want to sit in cash and look to enter new trades or reenter the same if any pull back happens. I sold BTU at 1.97 for a $640 profit. I sold FCX for 2.18 for a $780 dollar gain and HAL at 2.60 for a $4050, profit. This puts the account at $13,192. I am withdrawing the initial 3K investment and so the trading account sits at $10,192
Jan 2 (A): I have decided to hold BTU. I put just a little on the trade and I believe it has a high chance of shaking off today’s weakness in the coming days. Here is the chart. There is about a $400 risk for me on this trade.
Jan 2: My stuff is underperforming the major market move today. Part of the problem with HAL is that natural gas has been hammered. I have no plan to leave the trades but am looking to ride the 7 day MA now. I am making another small play and will likely make it a day trade. I bought 10 Jan 25 calls at $1.33. It has had a major downside reversal today. I have watched the trade all day and I entered now. It is a rather risky, but I believe it has high odds for a bounce during the last of the day.
Dec 27 (B): I also added a small FCX play. 10 Jan 33 calls at 1.40. This stock was hammered a month ago due to some acquisition news. It has rallied about 10% since. It is a higher risk play due to its potential elevated volatility, but I believe if last week’s highs can break, it will surge big. I also like the metals area in general right here. I will leave with a break of today’s lows.
Dec 27 (a): I added 30 HAL Jan 34 calls for $1.25. This is an outperformer of the energy group. I am using today’s lows as a stop. With the big reversal today in many stocks, this is an easy way a bullish trade can be made.
Dec 27: I closed CVX fro 1.25. This brings the account to $7,722. I have no positions on the board.
Dec19: I added 20 Jan 105 puts on CVX for .78. I am going to use today’s highs as a stopping level.
Dec 14: I exited the IWM weekly puts at $1.25 for a $600 profit. I still like IWM lower but will look to see if I get an entry I like next week. I continue to hold the CVX position and I am up $0.20 on those options. The account is at $6,722.
Dec 12 (2) : I also bought 10 IWM Dec weekly puts for $0.65. This is a play that there will be short term follow through to today’s reversal. It is a small bet and I will be quick to take profit as the options only have two day left.
Dec 12: I bought 20 CVX Jan 105 puts for $1.22. The stock has bounced of the last month back to the 50 day MA and retracement levels after its very bearish move in Oct. I am giving it a stop at $110. A tighter stop can be had at today’s highs but I want to give myself some extra wriggle room.
Dec 11: I sold my DE options for $0.45 and my IBM options for $0.23. After losing all the value on the DE options, I am taking this $450 off. The stock is retesting its earnings gap and while it could still surge, the options only have a week and a half left and are $2.00 out of the money, and I don’t think there is a very good chance of getting much more out of these options. My IBM has the same amount of time left and is still $6 out of the money. This move puts me in all cash. I’m not really interested in chasing today’s buying so I am looking at any potential signs of short term reversal. Account value: $5,722.
Dec 10: I sold my IBM options for $4.22 for a little more than a double on the trade. The profit was $1,110. This move puts me is mostly cash and I will see what today’s action is like before making any new plays.
Dec 7: I sold my CAT position. I still like the play to the upside, but given I have two plays with Dec options, I decided to sell one. Also, I’ve been in the position longer than I normally like to be in a position. I sold the options for $2.70 with $1K profit on the trade. I still have the two IBM plays and the DE options. The values closed as followed today. 5 IBM 190 calls – $3.35; 10 IBM 200 calls – $0.20; 10 DE 87.5 – $0.41. I don’t expect much out of the latter two plays as a very big move is needed for those to pay off at this point, but the risk is small as well. The account is at $5,217 with $2,938 in cash.
Dec 5: I added 5 Dec 190 IBM calls at $2.00. I have been waiting for a good time to enter and today’s major reversal gives me that chance. I can’t be patient with this play as there is not much time left in the options.
Dec 3: Today’s market reversed negative due to weak economic data. My CAT play is sitting right at my stop area and I am going to hold for now. There are a few plays that interest me out there but nothing that I am comfortable adding here with what I have. With my small IBM bet, I am looking to make it a normal play if the stock moves back above the 7 day ma tomorrow. There are some energy plays like CVX that if we see today’s highs break, would be very bullish to me.
Nov 29: I sold my IWM calls for $1.20 for an $800 dollar profit. They expire tomorrow and while I think there is still upside, the risk level is high. I continue to hold my other plays. The account sits at $4,958 with $1792 in cash.
N0v 28 A: I added 10 Nov5 81 weekly call options on IWM for $0.40. They expire Friday so I need to see a move in the next two days. I will be quick to take profit.
Nov 28: Account review. I have $992 cash. I have the 10 DE contracts at $1.80, the 10 IBM calls at $0.35, and the 6 DE calls at $0.50 Making the account total = $3,442. With the bullish reversal today, I am looking to put more money to work with another short term IWM position.
Nov 27: I bought 10 Dec 200 IBM calls @ $0.40. This is a smaller dollar amount with high risk options. If IBM as any follow through to its $10 rise last week, it will pay off big for me. I am looking for it to come to the upper BB. CAT is pulling back but holding the 7 and I am holding.
Nov 26: I added 10 Dec 85 Cat calls at $1.70. With the close about the 20 and 7 after the big gap last week off of support, I am adding with a stop using the 7 day MA. I still have the DE calls and a little value has started to come back into them. This puts about 60% of my money at work.
Nov23 A: I also took the profit on my XOM play. I sold them for $3.90 with a $440 profit. Will look to jump on opportunities next week.
Nov 23: I sold my IWM calls this morning for $1.75, for 400% ($792) profit on my small bet. While I think the market is going to continue higher, these weekly options become very high risk as they expire today and I took that gain that was there. I may look to add another upside today. XOM keeps chugging higher and a little value has come back to the DE options. The gain from the IWM covered my DE lost and puts my account a nice position. The exact value of my account is $3,352.
Nov 21: My DE trade took a near fatal blow after earnings came in disappointing. My account is sitting around $2500 with $500 in cash. XOM continues up nicely and IWM is still in play for a potential nice profit on Friday. But I have to sell Friday because they are weekly options.
Nov 20: I made a small $250 bet on the market with weekly IWM options. I bought 6 78.5 Nov4 weekly options at $0.43. After a pause of yesterday’s rally. Any continued rally tomorrow or Friday will lead to a 100%-200% gain. DE has earnings tomorrow so there is a potential for a big move. XOM continues in the parameters.
Nov 19: XOM is up with the market on a rather bullish gap. Gets my first trade going in the right direction. I just added DE as well. 6 Dec 87.5 for $1.90, $1,140. The stock has outperformed the market and I’m expecting a break to a new high. I will stop out with a close below the 7 day MA.
Nov 16: XOM continues to dance around support. No need to leave at this point and don’t expect anything to change today. I am considering adding to it if there is some upside reversal from being down $0.70 today.
Nov 14: I bought 4 XOM Dec 85 calls for $2.80. This is $1,160 put to work. Buying into this market is a bottom pickers game and XOM gives a reasonable risk level with a stop at the 200 day Ma. This is about a $500 risk.