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Posts Tagged With 'Options'

Posted by Martin November 19, 2011

Is Mercadolibre (MELI) breaking down? Let’s protect it!

Is Mercadolibre (MELI) breaking down? Let's protect it!

I have a long stock position in Mercadolibre. Last Friday the stock seemed to break down from a narrow consolidation sideway range trend which occurred after a large runaway gap. Normally this would be a healthy move, but at the market environment like these days, the market can drag this stock down. This break was Continue reading →

Posted by Martin November 18, 2011

Options expiration Friday – November 2011

Today is an options expiration day. That means I had to take care about some of my holdings: SLV I hold long term SLV January 2012 Put contract. Against this contract I was selling covered calls and this month I sold one SLV Bear put Spread contract. This contract was as follows: -2 SLV Nov19 Continue reading →

Posted by Martin November 03, 2011

WYNN weekly puts for income

Another trade I would like to take is some income producing trade. I will sell weekly options against my long puts. Currently I hold 1 WYNN Dec 17 2011 130 Puts and I will sell 1 WYNN Nov 11 2011 (weekly)125 Put @ limit credit 1.35 per contract. Basically this trade will be adjusted into Continue reading →

Posted by Martin November 03, 2011

Potash Corp (POT) diagonal Spread

Another trade I am planning to take is a long term diagonal spread on Potash Corporation (POT). The stock recently (on multi-year chart) had run to a multiyear high at the beginning of 2011 and then it corrected down to around $45 a share. Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related Continue reading →

Posted by Martin September 22, 2011

Update on market – more profit taking this morning

It is nice to be correct. The market was poised to a bearish trend and it sure did. In just two sessions we saw big sell offs. I was thinking what would push the market that down? Was it FED? I doubt this would be the only reason. There are a few items I could Continue reading →

Posted by Martin September 21, 2011

I made $1000 in two days trading options

For the first time in my trading career I can see some success. Yesterday I made $630 and today I added another $400 gain to my account. All in two days. Of course all those trades still can turn into a loss, but I am not expecting it much. And if so and those trades Continue reading →

Posted by Martin September 12, 2011

Market on a roller coaster

Market on a roller coaster

Interesting trading these days! I entered some bearish trades last week on Thursday by buying puts on SPY and XLE, when both equities were showing weakness and unwillingness to continue going higher. I collected some nice profits on this three day downtrend ($248.5 on XLE and $254.5 on SPY), total profit of $503 within a Continue reading →