Wednesday, December 26, 2007
GOOG 710.84 +10.11 +1.44%
FSLR 280.91 +8.87 +3.36%
Retailer said the 2007 holiday season was its strongest since it opened in 1994.
AMZN 92.85 +1.84 +2.02
LDK 51.88 +3.20 +6.57%
Many stocks within the sector declined last week after LDK Solar Co. reported surging prices for polysilicon, a key manufacturing material, cut into the company's third-quarter profit margins. Monday was a half-day of trading before the Christmas holiday.
Here is how key solar stocks fared:
Solarfun Power Holdings Co. surged the most, posting a gain of $4.39, or 15.3 percent, to close at $33.15.
LDK rose $3.55, or 7.9 percent, to $48.68
Saturday, December 22, 2007
I am wondering why did FSLR went up so much as there was no big news? just some news about zack's recommending the stock!
RIMM was up the most in my stock list... I bought a call during the later hrs of the day seeing the price for the option has declined from the morning...
In the morning, i.e., 7:00am when I noticed RIMM was still moving up from its Thursday move of $12 (after hrs) ... I tried buy two calls RULAD for $2.5. At the time asking price was $3.0. I entered a limit order and left, thinking the price will coming to my asking price soon but it never did?
The call ended the day as below:
RULAD 6.450 +2.350 +57.32% 6.500
(it was selling for $7.3 at one point)
Disappointed, (for not getting inn on the profit from above) I bought a different call around 11:30am.
My justification "the price is going to appreciate as the move in the stock will intensify during the last hr of the day" but instead it declined in price:
Bought 1 RULAE Call Exp 01/19/08 $125 $4.90
Thursday, December 20, 2007
this morning I was ready to buy a put ....
As I logged in at 7:00am I saw LDK down $13!
I decided to buy a put :
LDK MI Buy to Open 2 Limit $2.40 Cancelled
LDK MI Buy to Open 1 Limit $2.50 Expired
The ask was @ $3 at that time so I entered limit order under the mkt ... thinking LDK will reverse durring the day and my order will be filled....
The stock keep declining straight .... finished the day with -$20.6...
LDK MI LDK Jan08 $45 PUT Bid 5.80 Ask 6.00 Last 5.78 ....?
LDK 47.85 -18.26 -27.62% After Hours: 45.72 -2.13 / -4.45% Vol. 124,600
Piper Jaffray downgrades Neutral to Sell ?
"Target $34.5. Piper downgraded LDK to Sell from Neutral and maintains their $34.50 tgt
following earnings. Firm says that uncertainties still exist with respect to LDK's low turns of
2.2x, unsubstantiated contract supply with 25% exposure to spot, high risk polysilicon ramp
with targets they assess as overly aggressive, and numerous shareholder law suits."
I wonder why did the analyst downgraded the stock now and not a few days ago when the stock was moving high and high everyday?
RIMM moved up $12 after hrs:
106.99 +4.86 +4.76% After Hours: 119.60 +12.61 / +11.79% Vol. 3.55 Mil
the company beat earning:
"Research in Motion Ltd.'s fiscal third-quarter profit more than doubled on strong demand for
its BlackBerry smart phones and related services by consumers and businesses"
BIDU has almost come back up form its -$40 decline.... but the call I was holding is worth 10c someone who has sold the call would have benefited a lot!
BIDU 380.15 +5.17 +1.38% After Hours: 383.25 +3.10 / +0.82% Vol. 42,569
Tuesday, December 18, 2007
BIDU falling and coming backup like today means the call for next month has become really cheap I should have rolled over my call to next months before it re-bounded...
A few traders that I regularly follow had big losses yesterday...
"Total Net -$9211.85
Net -$3057.71 on 4116 shares
Net -$6154.14 Swing
12:55 - I have two choices, post my losses or hide. I want to hide. It is painful, even sickening as I am sure it is painful to read for some. It is not the first time I have blown my account, I really thought I had improved as a trader, I guess not so much. The market always has more to teach, and so humbling when you least expect it. I got it wrong again today, too much power, too many shares. Before I know it I am close to my max loss and I painfully try to save my trades. By the time I got out of my longs and went short, the market reversed, how typical."
"Me, -$713 on 20,800 shares traded.
Wow, this market sure looks ugly. Remember a few weeks ago when I was talking about
"September redux?" It looks like all those low volume rallies were just one big head
fake.Sheesh... how can a guy be so right and so wrong at the same time?"
I have decided that I am going to develop a system to take advantage of the high volatility in my list of stocks. Will try to observe the changes in volatility...
Monday, December 17, 2007
Analyzing the situation, I think partly I am not sitting at my cubical watching the stock and waiting for it to move up or down (in other words to do something).
May be since all the stocks on my list are down it does not make me feel 'it was a bad decision' rather 'this is something out of control'.
I have a sense of confidence that this is as far low as it can go (and now it will move up).
Coincidentally, I was holding a put on another stock (FSLR) and that put appreciated in price. This made me feel like 'I did not totaly screw up'?
I am not at work place sitting in my cubical as usual...
Or may be non of the above.
I just enjoy the action up or down? as long as it there is some action.
In the morning I noticed that BIDU was down $10 I ignored it (or accepted it as destiny), I thought it would come back up again during the last hr of the day, as it has done for the last few day... instead the decline intensified during the last hr... I was unable to monitor all day as I am in class... may be that's why it did nt feel as bad?
ISRG 305.70 -19.19 -5.91
BIDU 356.00 -36.91 -9.39%
FSLR 231.97 -19.72 -7.84%
GOOG 669.23 -20.73 -3.00%
RTP 401.45 -21.05 -4.98%
SPWR 121.49 -6.70 -5.23%
Accept for LDK which was up on a news:
LDK 68.18 +11.34 +19.95%
Luckily, I was holding a put on ISRG which went up and saved me from a complete wipe out.
AXV XT SLD to Close 1 Limit $5.00 Executed $5.00
LDK SOLAR CO LTD 68.18 11.34 [19.95%]
Friday, December 14, 2007
I was expecting the price movement to accelerate in the last hr of the day, at which point I could close my positions. But all day long I had these feelings that I needed to be doing something? I felt apathy for myself doing ‘nothing’. I felt 'I needed to do something about that position?' I have to either sell or look to buy something else. There was an immense mental pressure telling me ‘I must be doing something’. I could hardly look away from the stock quote. All the articles and the news that I usually read seemed dull and un-interesting. Nothing seemed to get my attention away. I kept clicking the mouse button, checking to see ‘what was happening’ to the stock.
Finally, I found an interesting ‘blog’ to read called ‘options addict’. The story was interesting enough to get my attention away from the stock quote? I did come back though during the last hr of the day to see the final action.
RTP 422.50 -15.52 -3.54%After Hours: 422.99 +0.49 / +0.12% Vol. 400
This stock has moved up a lot in the recent weeks... on Nov. 18th it moved up +$82 (in one day). Watching the price movement and options volume, I think I could have made some day trades. As the call I am holding was at one point bid for $7.9 and end of day $8.9. The vol of the call was high too for the day.
On that day IV moved from 50% to 85%... now IV has moved back to 60% yet the stock is falling....
RTP has been down since very early in the morning... and never was up for the whole day...
BIDU was up $6 in the morning and I was tempted to sell the call but then I reassured my self that it will be up $12 at least near the end of the day...?
BIDU 392.91 +5.91 +1.53%After Hours: 392.25 -0.66 / -0.17% Vol. 14,875
ISRG was down -$6 in the morning, I got immediately excited… both my positions were going my way today!
ISRG 324.89 -3.71 -1.13%
After Hours: 332.61 +7.72 / +2.38% Vol. 4,560
Later it turned around and moved backup $4. … I waited to see my ‘hypothesis’ of prices turning around @ 11:30am … it did turn around by that time both BIDU and ISRG….
Thursday, December 13, 2007
since I was holding a call and the way it appreciated just before close last night I was hoping for a big gain today?
Observing BIDU yesterday and the over all mkt, as it had turned around durring the last hrs of the day... I kept hoping that the same will happen today and it certainly did... at the end of the day BIDU was down only -$2....
My hope and patience paid off and I did nt sell the call at a much lower price... as I would have on a normal day... at the end of the day the call was above my buy price?
BIDU Day's High 389.09 Day's Low 376.77 Volume 4.93 Mil
I bought a Put on ISRG as this was the stock down the most in my list, it was down $10 but came back up like the rest of the mkt....
AXV XT BOT to Open 1 Limit $1.85 Executed $1.85
ISRG 328.60 -6.64 -1.98%
After Hours: 325.50 -3.10 / -0.94% Vol. 7,661
The only stock that was up on high volume and stayed up for the day was MA
MA 223.20 +9.30 +4.35%
Volume 4.80 Mil Avg. Daily Vol. (13 wk.) 1.31 Mil
After Hours: 223.99 +0.79 / +0.35% Vol. 3,200
Wednesday, December 12, 2007
There was a new that "The Fed offers a new plan to add liquidity to the global markets".
I thought my puts from yesterday would be worth nothing, I checked GOOG was up $8. Even though I believed that this was a "sympathy" rally and the mkt will move down, but I saw the mkt moving up and I changed my opinion. All scared I sold my put:
GOQXP SLD to Close 1 Limit $5.00 Executed $5.0
But minutes later the stocks started moving downward and ended in the -ve territory.. my put was worth a lot more by the end of the day:
GOQ XP GOOGLE INC CLASS A PUT GOQ DEC 680 12/11/07 $4.86 $8.50 $2.70 $485.60
A gain of $485 missed?
I start noticing BIDU move higher ... upset about missing an opportunity in GOOG I decided to buy a call placing an order below asking price... Soon after I bought the Call went down to $6.2... but then during the last 20min it moved vigorously higher... was up $10.6 end of day... with higher volume, there was no particular news?
BPJLT BOT to Open 1 Limit $8.00 Executed $8.00
BIDU 389.00 +10.62 +2.81% Volume 8.05 Mil
After Hours: 388.30 -0.70 / -0.18% Vol. 631,126
Price 378.38 -18.92
Change (%): -4.76%
52 wk High 416.88 11/05/2007
52 wk Low 93.52 04/02/2007
Stock volume 8,736,383
Avg. options volume: 34,430
Avg. options open interest 346,370
Tuesday, December 11, 2007
After hrs FSLR is up $7?
FSLR 236.29 -13.71 -5.48%
After Hours: 243.65 +7.36 / +3.12% Vol. 60,381
I bought a put accordingly, feeling, I am missing on a big opportunity...
today I was also listening to MSNBC channel and everyone was repeating the same stance that the "feds decision was a bad move", "it will affect the mkt in a -ve way"...
All the stocks in my list were down... I looked for the ones that were down the most GOOG and FSLR were top.. so I bought a put on both...
HJQ XT BOT to Open 1 Limit $1.80 Executed $1.80
The 'Fed' did nt cut the 'rate' by 50, as was expected, only cutting by 25?
As I heard the news I saw the dow and other indexes moving down, DOW was down 300....
I felt as if "every stock is going to tank" immediately I start to sell my calls to
CFC DS SLD to Close 1 Limit $2.00 Executed $2.00
LDK LN SLD to Close 1 Limit $2.50 Executed $2.50
I bought the put below from a stock out of my 'declining stocks' screener, mostly out of boredom:
ARU XI BOT to Open 1 Limit $0.80 Executed $0.80
I bought a call on MA early in the morning as it was up the most among my list, I was the 'only' stock that stayed up even after the fed announcement and the indexes declining:
MAL LU BOT to Open 1 Limit $1.35 Executed $1.35
witnessing the mkt going down real fast I wanted to buy a put on something just 'something'?
GOOG seemed as the best candidate as it was down the most in $$ amount.... my decision seemed good until the mkt close... but after hrs the story was different.
GOOG 699.20 -19.22 -2.67%
After Hours: 718.19 +18.99 / +2.72% Vol. 691,537
GOQ XP BOT to Open 1 Limit $4.80 Executed $4.80
Monday, December 10, 2007
As I checked in the morning, FSLR and RIMM was both up ... I wanted to leave at it....
But when I came to work I started looking around... LDK was up a lot and there was also a news about LDK getting a big customer....
Today was the day for the Solar stocks most of them were up....
LDK was up 30% and the vol was very high for the day so I jumped in and bought a call:
LDKLN BOT to Open 1 Limit $2.50 Executed $2.50
Seeing FSLR going up and up very fast. I could nt resist set a sell order for my call.... I kept changing my asking price finally getting the price I was asking for...
HJQLZ SLD to Close 1 Limit $8.00 Executed $8.00
RIMM was not moving .... and I needed to do something better with my money so I sold the call and used that money to buy a call on LDK...
RULLB SLD to Close 1 Limit $4.00 Executed $4.00
Here is how some key solar stocks fared Thursday:
FSLR $14.5, 6.3% $250.40. Volume 4.82 Mil Avg. Daily Vol. (13 wk.) 1.82 Mil
LDK $13.61,28.8% $58.42. Volume 11.79 Mil Avg. Daily Vol. (13 wk.) 1.31 Mil
SOLF $1.3, 5.2% $22.95. Volume 7.98 Mil Avg. Daily Vol. (13 wk.) 640,650
SPWR $.78, 0.3% $75.40. Volume 2.32 Mil Avg. Daily Vol. (13 wk.) 1.05 Mil
Today was a good day for me ... I wish there were more days like this one...
Friday, December 7, 2007
I tried to buy a put as below:
HJQ XQ Buy to Open 1 Limit $3.00 Cancelled
Lucky me, this is how it was trading later in the day:
HJQXQ Bid 1.90 Ask 2.20
After 10:00am I checked FSLR was trading +$7.00... I tried to but the call but did nt succeed...
HJQ LZ Buy to Open 1 Limit $3.10 Cancelled
Soon after FSLR was trading +$10.00 and for there on just a straight climb to +17...
I submit a limit order for the following call which was below the ask... but got lucky !
HJQ LZ BOT to Open 1 Limit $4.50 Executed $4.50
This is how the solar stocks ended up for the day and apparently without any significant news !
FSLR 235.98 +17.58 +6.22% Volume 5.72 Mil Avg. Daily Vol. (13 wk.) 1.82 Mil
LDK 44.29 +3.87 +9.57 Volume 3.79 Mil Avg. Daily Vol. (13 wk.) 1.31 Mil
SOLF 24.95 +2.00 +8.71% Volume 7.38 Mil Avg. Daily Vol. (13 wk.) 640,650
SPWR 133.00 +7.56 +6.03% Volume 3.42 Mil Avg. Daily Vol. (13 wk.) 1.05 Mil
GRMN was not moving so I closed my position:
RZJ LB SLD to Close 1 Limit $4.20 Executed $4.20
I bought a call on CFC as my couleage at work has convinced me that this stock has bottomed out and is ready for re-bound
CFC DS BOT to Open 1 Limit $2.40 Executed $2.40
Thursday, December 6, 2007
I started the day buying RIMM it was up in the morning but gradually declined….
RIMM 103.88 +2.92 +2.89%
RUL LB BOT to Open 1 Limit $5.10 Executed $5.05
LDK and other solar power shares fell on the news :
LDK 40.42 -1.61 -3.83
LDK LJ SLD to Close 1 Limit $2.00 Executed $2.00 Tuesday, Dec. 11
Here is how some key solar stocks fared Thursday:
as an analyst predicted that a federal energy bill containing solar
subsidies will not become law"
FSLR -$7.53, 3.3% $218.40. Volume 4.52 Mil Avg. Daily Vol. (13 wk.) 1.82 Mil
LDK -$1.61, 3.8% $40.42. Volume 3.79 Mil Avg. Daily Vol. (13 wk.) 1.31 Mil
SOLF -$1, 4.2% $22.95. Volume 9.98 Mil Avg. Daily Vol. (13 wk.) 640,650
SPWR -$1.78, 2.3% $75.40. Volume 2.42 Mil Avg. Daily Vol. (13 wk.) 1.05 Mil
DELL moved up and I sold my puts at a loss:
DLQ XX SLD to Close 10 Limit $0.10 Executed $0.10
SHLD is gradually moving up, I sell the put at a loss:
KTQ XS SLD to Close 1 Limit $0.35 Executed $0.35
LDKLJ SLD to Close 1 Limit $2.00 Executed $2.00
Would CFC be a good buy at this point?
Wednesday, December 5, 2007
I was expecting it to go up a lot as it did yesterday... But did nt move it was up $4 in the morning
I could have sold my call for a profit (as my intentions were last night) but I did nt?....
I saw all the mkt was moving considerably higher ... and felt the GRMN could go up even further...
It did move a little but then durring the last hr of the day it started declining.... and barely stayed in the +ve...
This morning I bought a Call on LDK:
LDK LJ BOT to Open 1 Limit $5.00 Executed $5.00
inspired form its $10 up move yesterday... and reading the news that there is going to be some move in the congress in favour of SOLAR stocks... I was very excited... and rightfully so the stock was up another $5 this morning!
LDK Solar Co Ltd
Last: 42.03 Change: +1.06 Volume: 6,856,670
My call lost considerable value:
LDKLJ 3.00 -0.30 -9.09% Strike Price 50.000
Open 4.400 Volume 2,651 Day's
High 5.900 Day's Low 2.850
FSLR, RTP, PTR, BIDU, GOOG made big move... may be I should stick with them for now....
FSLR 225.93 11.39 [5.31%] Dec 5 2:01 PM Bid: 225.59 Size: 2 Ask: 226.03 Size: 1
RIMM 100.96 -0.54 -0.53%
Tuesday, December 4, 2007
This morning after watching my list of stock, I noticed both my positions RIMM and FSLR were down just slightly.
FSLR was down more then RIMM.
While I monitored the stocks RIMM was acting erratic… moving up and down. It made me uneasy and I quickly decided to sell.
I entered an order to sell my put:
RUL XL SLD to Close 1 Limit $7.50 Executed $7.50
Another missed opportunity in RIMM?
Even though I didn’t encounter a loss on this position I felt missing an opportunity of taking better gain. RIMM moved down further in a decisive move later part in the day and the put price got to where I would have loved selling it.
RIMM Dec07 $105 PUT
Change 1.25 [14.88%]
Open Int 4,476
FSLR was down from very earlier in the day and kept moving down while in a range. The decline intensified during the last ½ hr of the day and I sold my put during that ½ hr:
HJQ XR SLD to Close 1 Limit $6.80 Executed $6.80
FIRST SOLAR INC 214.75 -14.47 [-6.31%] Dec 4 1:00 PM
Bid: 214.54 Size: 8 Ask: 214.55 Size: 5 Vol: 5,837,635 Real-time
I made another trade around 11:50am. I noticed GRMN up a 5% (up the most in my list of stocks). I entered an order to buy a call (below the mkt asking $4.6) at the time I entered a limit order for $4.0 and was executed soon.
RZJ LB BOT to Open 1 Limit $4.00 Executed $4.00
I am a bit nervous about this trade, since I have never traded GRMN before, and I don’t usually buy something this late in the day.
I believe GRMN should continue its move up for another day or two. I will try to sell my call early tomorrow!?
* The Federal Open Market Committee meeting is slated for T
Monday, December 3, 2007
Today I noticed that I was unable to look away from my stock/options position. Even though, I knew, that it does not matter weather I am watching it or not. I felt like I should know what is ‘happening’. I know that I will have to wait until tomorrow to make a sell or buy decision. I will have to wait and see what the outcome is, I still needed to know how it happened not just what has happened? I hope I will learn something from this? this desire to keep staring at the screen.
I try to learn things, such as, what time during the day is there more volume and quick price action? Since I do have belief about the daily price patterns. I need to verify my hypothesis that “price action reverses (from the direction earlier during the day) around 11:30am and the movement intensifies (in the same directions as was during the earlier part of the day) between 12:00 – 1:00pm EST”. I also try to find how the option prices are reacting to the changes in the in stock prices? How the options volume is affected, and how much is the lag time between the two price movements etc.
When I am holding a position, I get emotionally involved, and unable to monitor or observe. In such cases I get emotional, such as, happynes, sadness, excitement and impatience etc.
In other words, while I am holding and observing a position at the same time, I only get the feelings of pleasure and grief rather then useful observations I am hoping for.
Since I felt I missed the opportunity on Friday, I was keen to see what will RIMM open as today....
Immediately after open it was down in the red so I wanted to do something…. I monitored the stock for about ½ an hr and noticed there was a lot of 'movement' in the options as well…
The PUT I was interested in was bid @ $6.85 and I entered an limit order to buy @ $6.5 but the price soon moved up to almost $9.0…
So disappointed I entered a limit order for $7.0 and left to get ready for work…
RUL XL Buy to Open 1 Limit $6.50 Cancelled
RUL XL BOT to Open 1 Limit $7.00 Executed $7.00
I came back after an hr to see my order get filled…at this point RIMM down only $6.4 as oppose to being down $9.4 in the morning…Excited... and as the overall mkt was down I noticed FSLR was up $7.3 and was moving higher…
I tried to buy a call… but could nt. ..
Later when I checked on FSLR, it was down $2.79, as I had gut feeling that it is not going to hold up, I switched to try buying a Put. I entered a limit order below the current asking price… and was executed soon:
HJQ XR BOT to Open 1 Limit $4.20 Executed $4.20
Co-incidentally, both stocks were down the same $ fraction at one time and both stocks had a higher volume today:
229.22 -7.93 [-3.34%] Dec 3 1:00 PM
Bid: 229.30 Size: 13 Ask: 229.50 Size: 10 Vol: 4,703,355 Realtime
104.75 -9.07 [-7.97%] Dec 3 1:01 PM
Bid: 104.85 Size: 5 Ask: 104.89 Size: 45 Vol: 34,995,687 Realtime
Sunday, December 2, 2007
When a worker gets frustrated with work conditions, he may display anger and dismay to his colleagues and bosses. He may feel discouraged; complain of not getting the attention or rewards for putting all the hard work. This situation can lead for a worker to quite companies, change careers or even sue the employer if treated unfairly.
Traders’ on the other hand working independently from home or office usually has no one to complain to, show dismay/displeasure of not being rewarded.
Ironically, the reward may be even set by the trader himself, how appropriate.
The employer in his case is a stock or the overall stock market. Since none of them are living entities, often the angr and frustration is projected inwards. As a result a frustrated trader may get his revenge by over trading and making bad decisions, resulting in losing even more money, taking the reward even further away from himself.
Friday, November 30, 2007
In the morning RIMM was down $4, I hesitated in buying a PUT later it ended up down $9.2
I made an emotional trade in DELL buying 10 Puts as below, as I missed the opportunity in RIMM I became emotional and bought DELL puts....
Although DELL was down some 23% it was too late for me to get in since all it can go down in the short term it has already done so....
I bought the puts later in the day... not familiar with DELL ... not fully taking into consideration other factors ... I just made a buy decision...
the lost money in RIMM I thought I could recover it in DELL quickly...
I was reluctant to place an order in RIMM all day there were several opportunities...
BOT to Open 10 DLQ XX DLQ Dec $22.5 PUT Limit $0.25
Outcomes are created by the traders acting on their belief about the future!
Thursday, November 29, 2007
|Avg. Daily Vol. (13 wk.)||2.94 Mil|
Although, the rest of the market was all up....
FSLR was up $22 for the day...
SPWR was up in the morning $10 and accordingly I sold my call :
QSU LV SLD to Close 1 Limit $14.00 Executed
I bought a Put on SHLD my limit order was lower then the mrkt but there was very fast movement and my order got filled quickly:
KTQ XS Put $95 Exp 12/22/07 $1.55
My buy price was $3.0 but by the end of the day the stock has moved back up to $104, where as it was around $100 when I bought the put expecting the stock to drop more... but I did nt...
My put has lost almost 50% of its vlaue?
Will see what happenes tomorrow...
Wednesday, November 28, 2007
Which made the decision harder for me as to which one to get into?
BIDU, for example, was up $15 in the morning and ended up $25 for the day!
So much for selling my calls yesterday?
As I looked at all the stocks in the list I decided on SPWR for two reasons:
1. the volume was higher then usuall
2. there was a good news....
So I bought the call:
QSU LV BOT to Open 1 Limit $6.00 Executed
TSL the put I was hold for was more the $2 so I sold mine for a net loss...
All day long I tried to get into BIDU as well but could not, as it did nt level off durring mid day as it did yesterday...
BPJ LF Buy to Open 1 Limit $3.10 Expired
Tuesday, November 27, 2007
This is how the call ended for the day but I bailed out earlier….
BIDU Dec07 $400 CALL — — —
Bid 8.20 — — —
Ask 8.50 — — —
Last 8.42 — — —
Change 1.72 [25.67%] — — —
Volume 775 — — —
Delta 0.95 — — —
Open Int 3,948 — — —
Constantly monitoring … watching the stock move up and down made me fearful of losing on the postion…
As soon as I saw the price coming close to my target price I sold…
SLD to Close 1 BPJ LT BPJ Dec $400 CALL Limit $8.10
I was also watching FSLR all day and as I had expected a few days earlier the stock fell again today… at one point it was down -$10?
FIRST SOLAR INC 207.62 -4.38 [-2.07] Nov 27 2:57 PM
Bid: 207.30 Size: 1 Ask: 207.75 Size: 2 Vol: Realtime
Near the close of the day I tried to buy a put on FSLR:
HJQ XQ Buy to Open 1 Limit $8.10 Expired
But did nt hit my buy target…
I will be watching FSLR tomorrow….
But then I told myself that it will keep moving up…
Why sell? What else would I do if I sell?
For some part of the day the stock did not move as I was waiting for just the right price to sell my Call….
Suddenly the stock starts moving down .. being up only $3.5 only 1 %...
Somehow, as soon as the Call price fell below yesterday’s price (which is what my buy price was) ?…. I felt kind of relieved?!
That was strange?
Instead of feeling bad, feeling a loss! … I was calmer?.. or may be just sad, as if I was out of the game….
In the morning I was more anxious… worried… trying to decide what to do? Sell or not to sell…
But as the Call price fell below yesterday’s price it felt like I did not have to make any decision… may be that is why I was relieved or sad…
One feeling… Replaced all the others …sadness overcame anxiety…
After I wrote the above… around 11:00am… the stock kept moving in the same range…but @ 12:15pm it started moving up higher range … up $9-$10.. .. the asking price moved along…higher
I felt relieved again… don’t know why…I am still determined to sell my call above $9???
At the close of the day just 15 min to the close the stock started moving faster it ended up $15.3 I sold my call for $8.1 which was below my target but was still… a profit?... I entered a sell order in a hurry.
Monday, November 26, 2007
I bought my calls during a time of the day when the stock was up between $19-$20 which considerably lower then $29…
I thought It would rally back to the up $25 range…
Alas! It did not and instead moved lower to only $13 up at one time….
It came back up again a little but not as had projected/hoped?
BOT to Open 1 BPJ LT BPJ Dec $400 CALL Limit $7.30 Day 3:05 PM Executed $7.30
BIDU Dec07 $400 CALL
Bid 6.10 — — —
Ask 6.60 — — —
Last 6.10 — — —
Change 1.10 [22.00%] — — —
Volume 1,461 — — —
Delta 0.95 — — —
Open Int 3,834
BAIDU COM INC 326.14 17.28 [5.59%] Nov 26 1:00 PM
Bid: 324.76 Size: 1 Ask: 325.99 Size: 1 Vol: 11,530,159 Realtime
Apparently, there was some news for BIDU’s move:
“Baidu (BIDU) rose 5.6% as investors saw a buying opportunity in a
stock that has pulled back about 12% in the last month. Interest in Baidu, regarded as the Google
(GOOG - Cramer's Take - Stockpickr) of China, comes after IAC/InterActiveCorp (IACI),
the U.S. Internet conglomerate, said Friday that it will invest $100 million to expand its
presence in the Chinese market. Baidu was up $17.28 to $326.14,
while Google was down $10.70, or 1.6%, to $666.00. “
Earlier in the day I tried to buy GOOG as below but ‘luckily’ I was not able to and hence was saved form a loss….
GOOG was down $10 by the end of the day?
Buy to Open GOQ LS Dec $800 CALL Limit $1.50 Day 10:35 AM Cancelled
Saturday, November 24, 2007
11/23/07 Sold 2 GOQ LL Call Google Inc $760 Exp 12/22/07 @ $3.80
Finally ‘accepting’ a price for them ….
The gain I had made seemed good enough ….
Today was a short (the mkt was open until 10:00am only) day and I was busy with other activities …. So I did not really had time to keep changing my target price…..?
Although GOOG may keep moving upOr it may fall tomorrow….
I may regret selling at this price….
I think I had enough gains?!
Considering my account’s condition since the last week…. I needed to make a profitable trade to restore my confidence!
Or may be even my ability to keep trading?!!!
FSLR may be ready to reverse?
It appears to be dwindling….after moving higher and higher for the last few weeks….
Today I noticed the stock just hovering between +$2.5 and –$2.6 all day….. unlike its straight moves in upward direction….
Looking at the volatility for FSLR …. speed it has been going up…
I think it could start falling rapidly….
I will monitor FSLR next week….
Wednesday, November 21, 2007
I checked volatility it was very high…. Assuming there is more room for decline!
TSL 37.37 -11.51 -23.55%
After Hours: 37.50 +0.13 / +0.35% Vol. 5,000
Bought a put...
TSL XF BOT to Open 1 Limit $1.45 Executed $1.45
I entered the order (set limit $1.45) when the ask was $1.6 …
The stock moved up a little and my order was filled….
when I saw GOOG is up in the morning I was relieved, as the night before I had a feeling that GOOG will certainly be lower tomorrow, I felt oh!, I did not lose... that's great ....
I told myself let's sell @ $3.0... That should be a good enough gain? ...
then I changed my target price to $3.1 and as soon as I saw the bid price getting closer to my asking price ... I changed again to $3.5?
GOQ LL Sell to Close 2 Limit $2.85 Cancelled
GOQ LL Sell to Close 2 Limit $2.95 Cancelled
GOQ LL Sell to Close 2 Limit $3.10 Cancelled
GOQ LL Sell to Close 2 Limit $3.50 Cancelled
GOQ LL Sell to Close 2 Limit $3.10 Cancelled
At one point during this time, I could have even gotten $3.3?
but I kept imagining GOOG moving up and up... more and more??? optimisim? greed? or just simple plain 'having no specific target'? in mind? Alas! the $3.5 target selling price was never met .... I saw GOOG retreating during the very last few minutes of the day... and in a desperate attempt, I accordingly changed the target price to $3.0?
but right at that moment the bid also changed! ... moving lower ... and I did not get my target price ... I feel bad now ... I feel I let go of my gains for the day ... I could have made some money!
I just could not pull the trigger... But at the same time I have some hope! In me…
What if GOOG go higher the next day....
may be I did the right thing today? only the next day’s opening price could tell the outcome of my decisions today...
if (the decision of) not accepting (or selling at) a lower price will be (rewarding) good or (loosing) bad?
GOQ LL Sell to Close 2 Limit $3.00 Expired
Tuesday, November 20, 2007
It was also down by $15 (being up only $7.6) around 11:30am today....
That is a huge range for the day almost $18 ….
GOQ LL BOT to Open 1 Limit $2.75
GOQ LL BOT to Open 1 Limit $2.00
The 1st call I bought was in the morning....
As I saw GOOG was up $26 ... early
I entered an order for to buy 1 call @ $2.75 ....
while at that moment the asking price was @ $3.3 ....
But by the time I get to work my order was filled… an hr later?
For the rest of the day I monitored both GOOG and FSLR …. as both were volatile today
Around noon (12:15pm) .... when GOOG fell ... the asking price for the call (GOQ LL) fell below $2.0 and I entered to buy order to buy 1 call @ $2.0 which was filled in few minutes ….
both the stocks closed as below...
GOOGLE INC 648.54 22.69 [3.63%] Nov 20 1:00 PM
Bid: 648.62 Size: 1 Ask: 649.76 Size: 5 Vol: 9,692,642 Realtime
Day's High 659.10 Day's Low 632.87
FIRST SOLAR INC 207.33 -8.43 [-3.91%] Nov 20 1:01 PM
Bid: 207.35 Size: 1 Ask: 207.90 Size: 2 Vol: 5,533,589 Realtime
Thursday, November 15, 2007
Finding such stocks, I will buy calls or puts, depending on the direction the stock is moving that day …
The question is how to find such stocks that will fulfill these criteria?
I consider two variables
Difference in days high and low: Range = Day’s High – Day’s low
I have observed that stocks with the following characteristics :
High Beta (> 3) has higher ranges.
Stock price has to be high enough to have a range (> $100).
Avg. daily volume has to high (> 1 million).
Options volume has to be large as well.
Stock must have some movement (last volume > avg. daily volume) for the day to be traded.
Some of the stocks listed below have come close to my criteria:
SPWR, FSLR, POT, BIDU, PCU, RIMM, RTP, PTR, CEO, FLR, CLB, SNP, HDB, FWLT, EQIX, UBB, DECK, DE, AAPL, DO, WBK, BG, RIG, MA, CMI, ISRG, SPW , SU, PKX, WYNN, GOOG.
Although they are all well know stocks, and could be considered as momentum stocks as well in today’s market (that is not the reason for me to trade them).
Frustrated I tried different things to day… placed different orders then canceled in confusion….
Finally I came across FSLR as it was up almost $7 as the rest of the mkt was down …. I observed the stock for a while then decided to buy a put as the sentiment was so –ve for the overall mkt…
I thought that FSLR will not be able to maintain it up run and will end up in the –ve…
At one point during the day around 11:30am FSLR did actually went –ve for a brief time but came up again…
Wednesday, November 14, 2007
In the morning I noticed GS was up $4.7
since the financials has been beaten down badly in recent days so I thought it was time for them to rally …..
GS was the one stock up the most …. (early in the morning…)
I bought a call as I have been doing: Goldman Sachs Grp $240 Exp 11/17/07 …
GPY KH BOT to Open 1 @ $2.00
GPY KH BOT to Open 4 @ $1.50
I bought the 1st call early in the morning … and as I saw the price moving in a range I entered another order to buy 4 calls @ $1.5 …
and left for lunch ….
When I came back the order was filled and the last price for the call was quoted @ $1.05?
I also noticed that ETFC was moving up strongly (+10.80%)
on very heavy volume.. (Volume 156.01 Mil vs Avg. Daily Vol. 25.47 Mil)
this stock has declined almost 50% in the last two weeks!
its options volume was also very high … I entered a limit order to buy 5 calls @ $0.8 ..
The asking price was higher at the time…
Coming back from lunch the order was filled …?
EUS LI BOT to Open 5 @ $0.80 Exp 12/22/07
earlier in the morning I had bought 10 QQQQ calls: Call Powershares Qqq Tr $51 Exp 11/17/07
QQQ KY BOT to Open 10 @ $0.50
I don’t know why I bought these ….. ? may be just b/c the mrkt may rally today... just like yesterday!
most of the calls I bought today are expiring in 3 days…. 11/17?
if I don’t get to sell tomorrow they will expire worthless!
I don’t know why I bought so many calls today? 20?
This is just ‘overtrading’!!!!!
And it will have consequences on my account… I know there will be ….
Although I am hoping one of these positions will bail me out….
But the expiration date is very close?!!
Tuesday, November 13, 2007
As if the trend has reversed at an 180 degree angle …
almost every single stock was up!!! …
All the stocks that were beaten down badly, were comming back vigorously…
looking at my list below:
In the morning I noticed AAPL is up $7!
as for that matter all the mrkt was up as well….
I thought AAPL was the best bet for me … so I bought a Call:
APV KM BOT to Open 1 Limit $3.05
APV KM SLD to Close 1 Limit $5.80
I am thinking of taking a pause for sometime… at least from day-trading options…
Monday, November 12, 2007
Bought HJQWP FSLR Nov07 $180 PUT — — — $5.0
Sold HJQWP FSLR Nov07 $180 PUT — — — $7.8
Immediately after I buy the stock plunges to -$24...
Initially I had an exit for $7 but as I saw the stock going my way I changed my sell order to $7.8 …. Which was never filled…
Greed over came me as usual… this is what happened to my Friday….
Now an hr later I can’t seem to look away from the quote …. Every time it moves down I am happy/satisfied… every time it moves up I try to console myself, … try to imagine it will come down…
I am also watching SPWR which belongs to the same sector as FSLR and is amazingly moving the same way as FSLR…. Interesting!
At 1:50pm my order got filled, the stock was down $25.8!!!?
Friday, November 9, 2007
The volatility in the stock has gone up a lot, IV touching 25% while HV is at around 15%....
This morning I noticed the stock was down just a few $$...
BOT to Open 1 HJQ WB Nov $210 PUT Limit $8.10
Soon after I witnessed the price doubling to $16 at that moment it was down 10%
I held on to my position expecting it to move further, but the stock came back…
For the rest of the day it has been ranging -5% to -6%
I am hoping that the stock will repeat its action in the last hr of the day … ,i.e, a decline of 10%?
I have an order to sell my put for $16 … so far it looks like it may just a wish!!!
SLD to Close 1 HJQ WB Nov $210 PUT Limit $11.0
Thursday, November 8, 2007
From my screener of declining stocks the top 4 decliners are big Technology stocks…
Yesterday I noticed FSLR was up $39 after hrs!!!!
This morning I noticed it was up $42… So I did the following trade:
HJQ KX BOT to Open 1 Limit $1.50 Executed $1.50
HJQ KX SLD to Close 1 Limit $5.20 Executed $5.20
Wednesday, November 7, 2007
I bought GOOG Nov 2007 690.0000 put (GO QWR) @ $3 …
Later in the day I sold GO QWR for $4.5
All day I watching GOOG moving ^ $3 and Down $2, eventually during the final hr. it took a decisive move and I sold my put….
Was very interesting day for me as I had predicted in the right direction or just got lucky..
In the morning I noticed that the overall mkt was down…
I observed that GOOG has been up a lot during the last two days so the stock has become very volatile…
Monday, November 5, 2007
I bought NOV 780 Call GOQKO @ 2.30 ....
The value of the call at close was 2.70...
At one point the call price went down to $1.90 and the highest I saw for the day was 2.80....
I had a limit order for 2.8 but it was never executed....
My day order expired.....
I know the stock will be down 20 tomorrow and I will loose that 2.3....
Every investment comes with a risk...
In case of options the risk can be a 100% loss...
Friday, November 2, 2007
Tuesday, October 30, 2007
Wednesday, October 24, 2007
After I came down and watched CNBC, AAPP was down $5 to $180 I was upset and panicked…
I immediately logged in to my account and placed an order to sell the Nov 180 call for $5.80 which I had bought @ $5.45.
When I got to work I checked again I the order was filled…
I was relieved but was also upset that I could have sold the Calls for $8.9 only yesterday…
That mood made me do some more trading…
I saw AMZN falling $14 - $16 to $86 so I bought some puts (Nov 85 puts) @ $3.5
And bought some MER puts @ 4.5
By the end of the day both of my options have lost value…
AAPL has come backup again to almost $185… and the calls are worth $7.5
But I am out of AAPL…. Sad.
Tuesday, October 23, 2007
I may loose all the gains have made in it?Options haven’t gone up proportionally as the stock has? Tomorrow will be another un-decisive day.... I will have to face what to do if AAPL
- keeps moving up?
- moves down by lets say $5?
Should I sell and get out? or wait for it to come back up again?
How much would I want the stock to move up until:
- I decide to sell
- or buy some puts?
Monday, October 22, 2007
"Apple Inc.'s fiscal fourth-quarter profits jumped 67 percent to cap a year that saw unprecedented momentum
Apple's stock price, which has more than doubled since January, rose $3.94, or 2.3 percent, to close at $174.36. After the earnings report, shares climbed about $12, almost 7 percent, in extended trading"
174.36 +3.94 +2.31%
After Hours: 186.09 +11.73 / +6.73% Vol. 14.95 Mil
So the stock went up more then $10 after hrs as I had expected.
The question is what should I do now... that is the delima. Should I sell early in the morning?
Or let it keep going up? Will it keep going up? Should I buy some puts now?
I am holding Nov 185 Calls, I dont know what will happen in the morning.