Bought 1 contract 270 March Call on BIDU @ 10.40

Well, I miss the rally yesterday. Today it goes down a little bit but I see resistance around 260. Therefore, I bought 1 contract 270 March Call options on BIDU @10.40. We'll see how it goes tomorrow!

Buy and Sell BIDU

Today, BIDU starty rallying in the morning. I missed getting my 260 March Call options at $6.60 yesterday (I should've set it and $6.70 and I would get it). Today, the options rallied to $12 and I didn't get it when I set the price at $6.90. Finally, I decided to buy 10 shares of regular stock of BIDU @ $245 a piece. Later on today when I see it tops off, I sell at $252. It represents 2.85% in 2 hours period. Next time, I should learn how to execute my order faster, I missed a great opportunity for buying options yesterday. O well..

Sell 15 shares of AAPL @ $118.27

Well, after holding this shares for a while, it seems that the stock price is not going anywhere soon. I sell my shares at $118.27 after bad analyst review and cut the price target for AAPL. It is representing 12% loss in a month period. I have to get better with this and set a stop-loss order when I buy any stock :(

Shortinggg...

Yesterday, I shorted 10 shares of BIDU at $273.30 but unfortunately it closes at $247.40 because of a good economic news. Today, after it reaches high at $250, I finally cover my position at $241. I know it's almost nothing to gain but at least I don't lose money and regarding commission, I still can free using my Zecco account.

Also, after a good earning report, RIMM gain close to $10, I shorted 20 shares at $107 each. From previous quarters, this gain usually will not last long. We will see in the next few days whether I'm right or not :)

BIDU options expired

Well, although the earning result for the 4th quarter beat the estimate really high, but since they give a lower guidance, the stock price didn't go up that much. My options goes as high as $1.50 although it's finally becoming worthless at $0.05 which will cost me more if I trade since the commission would be greater than my gain. Too bad, but it's the risk of gambling toward the earning.

Close 1 contract of BIDU @ 3.70

Well, since my timing a bit off, my plan to sell before earning is not going to give me any profit. I sell half of options position which is only 1 contract :P and set it at yesterday highest which is $3.70. It executes about 10 minutes before market close. It still lose about 36% in period of 8 days including commission. I will bet on the rest of my options for the earnings.

Position closed on YUM

It seems that the stock won't swing that much in these recent days. Therefore, I set an order limit of 1.10 on my options and it got executed just a while ago. It gives me 11.08% of profit in matter of 2 days. I know it ain't much since it's such a small position but I hope it's a start and hopefully my BIDU options will pay off before the earning :)

Bought 2 contract of Call options on BIDU @ 5.50

It's a sell-off today, the DJI goes down almost by 300 points. In the other hand, BIDU will report earning next wednesday. Therefore, I bought 2 contracts of 300 call options for 5.50 each. Usually, before the earning, it always goes up and I might sell it just before the earning.

Bought 2 contract of Put options on YUM @ 0.90

Yum have earning report today and I'm sure in this economic crisis, not so many people will eat out therefore, I bought put option yesterday. This is my first time buying options and I don't want to start that much therefore, I only buy 2 contracts just to try my guess. The earning report gives a dissapointing outlook and the stock price is dropping, however, it started to go backup again later about an hour later. Unfortunately, I live in PST and I cannot wakeup to check my stock early in the morning, I should've put 1.20 order before I went to sleep yesterday since I'm sure it will execute this morning. O well, I just keep holding into it since it's not a really big price to pay anyway.

Sell 10 shares of GOOG @ $497

Well, Google missed estimate by a mere 1 penny but the stock has been dropping more than 10% because of that. Although, on Friday, it does start gaining upward momentum but today it's going down further. Although, it's really hard for me to sell it but I have set a rule for myself to sell underperforming stock once it goes down 8-10%, I don't want to get burned again like my GME, SINA, BA, GRMN, and YHOO. Therefore, it represents loss of 9.05% in 6 days.

I was really considering myself to buy some put options before the earning just because a lot of people in the discussion board giving such advise. But, if I'm about to buy the $500 put option, it would cost me around $300 per contract and at that time I only gain around $200 ($465 - $445) so I ignored my feeling. I should just take a chance of that small money since it will worth $1800 right now. I also have set a limit order for $570 after I bought my shares but I cancelled just before the earning as I thought it will go beyond that. I should've just stick to the plan, hogs always get slaughtered :( there's a saying that you should buy the stock when you hate it and sell it when you love it. Well it's a learning curve, I will just keep going to live another day.