Close half of April RIMM 100 Put Options @ 3.10

Well, I close half of my position for my RIMM 100 put options. Earning is tomorrow and previously my guess is that RIMM will go down before the earning and goes back up afterward. Although last time I bought more at 2.20 each but I still think RIMM is a good company and I don't want to risk too much. I will keep the other half of my position to ride through the earning. Let's see!

Personal Income and Inflation Report

Wow, it seems that our economy is getting better. Personal income rose 0.5% which beats the concensus of 0.3%, also personal spending and core cpe inflation is inline with concensus. I guess I bet the wrong side. Anyway, since BIDU up so much today, I bought more put @ 6 each, my average price is now $8. Let's just hope we have a monday blues! DOWN BIDU, DOWN RIMM... :D

Close April 440 GOOG Put Options & Open April BIDU 220 Put Options

After the result from ComScore is dissapointing. Google drop $12 during market open. I close my options @ 19. It represents 7.59% gain in 2 days, not really a lot of profit but considering I was down more than 20% yesterday, I think I'm pretty happy with it. I could've gotten more if I sell within 10 minutes of market open instead of 5 minutes to see the trend better, but hey it's a great learning curve and so far I learned my lesson and still gaining a modest profit :)

On the other hand, I also bought April 220 put options for BIDU @ 10 a pop. Tomorrow is inflation report and based on the news I read, inflation is crazy in February. So, we'll see!

Open April 440 Put Options on GOOG @ 17.50

I believe Google now too high, I bought April 440 Put Options @ 17.50 yesterday.

Today, I also added my put position on RIMM @ 2.20. Now it gives me average price of 4.50.

Open and close 230 BIDU April call options for 17 & 22.20

Well since I missed the boat to buy the call options for BIDU last Thursday. Today, it has a nice pop and I finally jump in to open 230 BIDU April call options for 17 per contract. I ended up closing it in the same day 3 hours later for 22.20. It represents 29.91% profit in 3 hours. Not so bad. Now I just need to watch for my RIMM put options.

Just did a really stupid mistake!

I bought BIDU March 210 call options for 0.20 today thinking tomorrow it will rebound. Then I just realized that tomorrow is Good Friday and all equity options will expired today. Actually, I already know that tomorrow is holiday but for some reason I thought I still have 1 more day and think that today is wednesday. How stupid I am!!! O well I just wasted $45.50 for the 2 contracts + commission in basically 5 minutes for nothing. Ughhh I hate my self!

Open April 100 Put options for RIMM @ 6.80

I bought 1 contract of April 100 Put options for RIMM. I initially set my limit at 5.50 when the price is 5.90 but then I left for lunch and when I come back it's around 6.60 and starts climbing and finally I got it at 6.80. I know that next time I should react faster but last time when I get my GOOG call options, I just left the order and it got executed. I think it all depends on the situation when you see a free fall and climb up really fast, I think it's better to put market order or at least set it on the bid price.

VISA IPO today!

Yup, the much hyped biggest US IPO ever is here. VISA is going public today and raise as much as 15 billion, easily surpass AT&T Wireless 10 billion IPO back in 2000 before being bought by Cingular. Some crazy things happened though, the previously proposed initial price of $37-$42 has been changed to $44. Also, when market open, the ask price is $250!!! can you believe that.. I'm glad no one put a market order for that otherwise he'll get so screwed.

Finally about 30-40 minutes after market open, it started to trade at $60, then go down to as low as $55. For now, I'm just gonna be on the sideline as I think the price is pretty high. I might jump in if it's around high $40. This is a bear market, I don't like risking my money by buying anything that's too high. I rather find other company to short or buy put option.

Close GOOG March 440 Call option @ 13.60

Finally, my first big winner. GOOG has a nice pop today so within 5 minutes after market open, I sell my options at 13.60 / contract. It represents 79.47% profit in 1 day! I hope I can continue like this for at least 10 more times and I will start recover from my loss and looking green for this year :)

Open 1 Contract for March 420 Call options of GOOG

Well, it seems GOOG has been beat down a lot and is due for technical rebound especially with Fed cut that is expected tomorrow. I bought March 420 call options at 7.50. So far it's looking good. I will wait until tomorrow to sell it. We'll see how it goes :)

BIDU down big time!

What a sell off! BIDU went down nearly $25 today, my 250 March put options now worth $13. I could have made a killing IF I don't sell last friday. Again, it's a big IF, that's what happened when you play with stocks, you never know the future. One of my friend sell this morning since it started to creep up again after down about $13 in pre-market, I mean I would do the same thing if I was him and would not wait until mid afternoon like now. Anyway, I'm still glad I don't sell it at loss last Friday otherwise I could've regret it much.

On the other hand, Bear Stearns went down to $3 range from $30 on Friday and mid $50 last Thursday. This is really crazy! JPM Chase try to save the failing company by buying it at $2 / share, I don't know if it's a good deal or wrong move by them. Over the weekend, the emergency move by Fed to cut discount rate by 25 basis points doesn't seem to help that much and the global market also experience sell-off due to concern with the U.S. market. We'll see how the stock market will react in the next few months.

Close BIDU 250 March Put Options @ 4.20

It seems that the stock has a lot of resistance around 265-275 area after a big up due to CPI report and back to red after Bear Stearns concern about its liquidity in the morning. I miss selling it at 5 and the stock turn green again in matter of 10 mins.

Although, DJI down almost 300 points in late afternoon, BIDU still maintain its gain. I ended up selling my options at 4.20 after it started to turn red again. At least I'm not losing any money, but instead gain a mere 1.09% in 3 days period after commission.

I will try to hold off my self into trading at least until the Fed meeting about the rate cut next Tuesday 3/18. Then, after that I will start playing April options.

Bough 2 x BIDU 250 March Put options @ 4.10

I believe the advance for BIDU is running out of steam. I bought 250 put call @ 4.10 when the stock was hovering around 270. I know I miss selling my 270 call options at 14 today instead of 5 yesterday, but I don't regret it. I still happy that I made more than 20% on my options. Next time, I just need to hold on to my profits longer and sell my losses quicker :)

Sell 5 shares of FSLR @ 198.02

I set a stop order at 198 today after a great run yesterday. It hit it this morning and go as low as 195.10. Although, it's currrently at 206 but I'm happy with the 5.93% return in period of 1 day :) I have no idea why I can think of buying small shares of stocks instead of buying options and leverage my gain. O well I'm still in the learning process and I'm sure I'm getting better everyday, I have gained the last 5 stock trades I made.

Close BIDU 270 Call Options @ 5, Bought 5 shares of FSLR @ 185.19

Got a nice rebound today, I sold my BIDU options @ 5 per contract. It represents 23.46% profit in 4 days. Not to shabby. I also bought FSLR after the stock price has been beat down a lot these days @ 185.19 although I only can afford to buy 5 shares.

Bough 2 x BIDU 270 March Call options @ 4

Well, the chart shows that it's trending up, therefore, I bought 2 contract of 270 call options of BIDU @ 4 each. We will see how it goes :)

Sell 300 shares of BRCD @ 7.75

Well, I guess it's good that I learn something from my last lost. Before I got off from work yesterday, I set a stop price of $7.75 GTC. Today, I didn't check my position at all until market close and I saw that it closes at $7.47. My order got executed at $7.75. Therefore, I gain 1.05% in course of 2 days. I know it's not much but better than losing right ;)

Close BIDU 230 Put Options @ 6.80

Uh.. learning is really hard and people are too greedy. I was trying to get my $5 more back from the loss on a Call BIDU options few days ago but it never hits it, the highest it got was $4.10 more. So yeah, I loss 10.60% again in course of 3 days. I really need to learn and put stop price on all my order next time.

Cover 20 RIMM @ 100, Bought 300 BRCD @ 7.64

Today, I cover RIMM @ $100. It represents 6.54% in period of almost two weeks. I also bought 300 BRCD @ 7.64 per share after hearing the news that they will acquire Strategic Business Systems (SBS).

Close 270 Call options BIDU @ 5.40, Open 230 Put Options @ 7.50

Never go against the trend, the market is bigger than you. That's what happened to me to try against the market trend. I thought with the launch of Baidu Hi, the instant messaging offering from Baidu, it will push the stock price up a little bit which it did just on the next day on Friday, 2/29/08. I could get break even or get a little profit if I sell it on that day but again I'm really stubborn and emotions take place.

Anyway, I try to be clear headed today and when the chart showing the trend is downward, I close my $270 call options contract at $5.40, which represents 48.80% loss in merely 2 business days. Ouch..

On the other hand, I bought $230 March PUT options at $7.50 to follow the trend. We'll see how it goes in the next 2 business days, see if I can recoup my loss =)