Friday, May 30, 2008

Close FSLR June 300 Call, GRMN Jul 45 Call, LVS June 70 Call

Before I went to sleep yesterday, I set orders to sell my FSLR and GRMN @ 5 each contract. This morning a huge pop for FSLR and my order got executed for 6.50, not bad to get that extra money. I considered myself lucky since I feel regret I didn't sell the FSLR call @ 5 when it reached 5.10 high 2 days earlier especially when FSLR was dropping 20 dollar yesterday. Overall, I lost 73.39% on my FSLR call in 11 days period. I really cannot predict the stock movement anymore, it just went up and down big time. The technical shows that the stock supposed to go down but looks what happen today? luckily I didn't get any short position yesterday. I guess I will just see how the stock movement for the next couple days before jumping in again.

On the other hand, I sold half of my GRMN position and it was executed at day high at that point, it represents 40.70% profit in a month period. I know that I should sell @ 7 when it make more than double about a week ago. Gotta learn not to be a pig next time so I won't get slaughtered. I also sell my LVS June 70 Call @ 2.95, it represents 31.82% profit within a week.

Friday, May 23, 2008

Open LVS June 70 Call @ 2.15

I bought LVS June 70 Call @ 2.15. The stock price has gone down from $76 to $67 in matter of days. I think we will see a nice rebound next week especially when the DJI is around 12,500.

Monday, May 19, 2008

Open FSLR 300 June Call @ 18.40

FSLR dropped a lot in mid-day today. I bought 300 June call at 18.40. I hope we can see a rebound tomorrow.

Friday, May 16, 2008

Close FSLR 280 Put Options @ 0.15

My first FSLR loss. After I get so much money on this stock, finally I lose money on this one. I should have trust my gut on that day when I bought the put options at 4.60 and went to down to 4. This stock is really strong especially when Citigroup just raised its target price to $450 and also it just broke the resistance yesterday. O well, I will just get call from now on this stock. My loss represents 98.56% in a period of 3 days.

On the other hand, my GRMN options is exploding! it gains close to 50% just for today. I know this stock is ready to take off! :)

Tuesday, May 13, 2008

Close LVS May 70 Put Options @ 1.80

This stock has so much resistance. I finally sell it at 1.80 which is the day high for that period of time. It represents 56.79% loss in period of around 3 weeks. This stock has so much short interest, the total number of short percent float on this stock is more than 40%, any good news will give such a huge short squeeze. Based on the average volume, it will take more than 4 days to cover the short shares.

Close FSLR May 280 Call Options @ 13.20, Open FSLR 290 Put Options @ 4.60

Another big jump by FSLR today, I sold my call position at 13.20, it represents 52.84% profit in period of 1 day. About an hour afterward, I open a 290 May put options @ 4.60. If I can get a decent profit for my put options from the swing today then probably I will sell it. We'll see how this goes.

Monday, May 12, 2008

Open FSLR 280 May Call @ 8.50

FSLR got a significant drop during the first hour of opening. I finally bought a 280 May call options @ 8.50 each. The day low was 6.50 but I miss it since I was on my way to work. I didn't set an order right after I bought my contract since I've been day trading for the past few days and I don't have a day trading account. So we'll see how this goes tomorrow.

Friday, May 9, 2008

Close FSLR May 280 Call Options @ 11

Well, as I mentioned previously in my post. If I can make around 10% today on day trade then I will close my position. I set the order of $11 before I went to lunch. It goes to 12.90 for the day high, I wish I was in front of computer when that happenned but anyway I'm happy enough to get 12.75% in period of 1 hour.

Open FSLR 280 May Call @ 9.60

Yes you read it right. After I sell it today at 10.80. When the stock price pull back, I bought it again at the same price which is 9.60. If I can get 10% return in one day then I will sell it, otherwise I will keep it until next week!

Close FSLR May 280 Call Options @ 10.80

FSLR got a big jump today after Citigroup initiated at Buy and target price of $450. I sold my call options @ 10.80 which represents 10.69% of profit in period of 2 days. I think I will buy again if the price dropped more afterward.

Thursday, May 8, 2008

Open FSLR 280 May Call @ 9.60

Today, they have a small jump on FSLR stock. I bought 280 May call at 9.60. Unfortunately, few mins after that the stock heading south. Well, I'm still holding to it and the overall short-term trend for this stock is up so we'll see how that goes tomorrow.

Wednesday, May 7, 2008

Close FSLR 280 May Put Options @ 11.70

Earlier in the morning, FSLR up more than $9. However, after a short up, the trend started to going downward, I set an order to close at 11.70 before I go to work. The order got executed 2 hours later. Well, I don't get a big profit but 9.78% in period of 1 day is not bad!

Tuesday, May 6, 2008

Open FSLR 280 May Put @ 10.50

FSLR got a big run today, and I think they are still overpriced plus the trend for this stock is ging down. Therefore, I got a 280 May Put at 10.50.

Friday, May 2, 2008

Close BAC 37.50 Call @ 3 and FSLR 280 Call @ 13.20

BAC and FSLR has a nice jump today, I sold my BAC call @ 3 which represents 20.41% profit in period of around 2 weeks. On the other hand, I'm right on the FSLR call, I has a big jump today after down close to $30 yesterday, I sold my options @ 13.20 which represents 32.73% profit in period of 1 day.

Now, I just need to LVS to drop more so my put options will finally worth something.

Thursday, May 1, 2008

Bought FSLR 280 May Call Options @ 9.80

After they drop more than $25 today, I bought a call options for 9.80. We'll see how that goes.