Weekly Results – 2/4/11

Friday Trades

IN
AMZN – APR 210 CALLS @ 1.05
DAL – MAR 11 PUTS @ 0.41
EXPE – APR 28 CALLS @ 0.40
GLD – MAR 135 CALLS @ 1.81
IEF – SEP 88 PUTS @ 1.75
PG – short APR 65 CALLS @ 0.85
PG – butterfly JUL 60/65/70 CALLS @ 1.81
SPY – FEB 129 PUTS @ 0.86

OUT (+0.892)
AMZN – MAR 145 PUTS @ 0.44 (-0.21)
FCX (covered short) – MAY 50 PUTS @ 2.30 (+0.33)
FRX – vertical MAR 33/34 CALLS @ 0.45 (+0.25)
ICE – MAR 120 CALLS @ 3.90 (-0.385)
PG (part) – APR 62.5 CALLS @ 2.13 (+0.467)
ROVI (part) – MAR 65 CALLS @ 2.95 (+0.48)
SDS – MAR 23 CALLS @ 0.55 (-0.04)

Wednesday Trades

IN
AMZN – APR 205 CALLS @ 1.18
MCD – MAR 75 CALLS @ 0.75
PG – APR 62.5 CALLS @ 1.57
PG – APR 67.5 CALLS @ 0.17
OI – MAR 30 CALLS @ 0.95
VIX – APR4 18 CALLS @ 3.70
UUP – SEP 23 CALLS @ 0.51
ROVI –  Short MAR 70 CALLS @ 1.40
GLD (added) – MAR 129 PUTS @ 2.56

OUT
GLD – MAR 131 CALLS @ 2.423 (-0.180)
GLD (covered short) –  MAR 132 CALLS @ 2.00 (+0.129)
GLD – MAR 129 PUTS @ 2.46 (-0.215)
FRX (part) – MAR 33 CALLS @ 0.85 (+0.15)
ROVI (part) – MAR 65 CALLS @ 3.10 (+0.60)
ICE (part) – vertical MAR 120/125 CALLS @ 2.40 (+0.494)
UUP (rolled forward exp) – MAR 22 CALLS @ 0.41 (-0.235)
VIX (rolled forward exp) – FEB 20 CALLS @ 0.70 (-0.59)

Tuesday Trades

Scalp
GS: +0.11

IN
CME – Short MAR 330 CALLS @ 5.20 (hedge)
FRX – Short MAR 34 CALLS @ 0.50 (hedge)
ROVI – Short MAR 70 CALLS @ 1.15 (hedge)

OUT
FRX (1/3): MAR 33 CALLS +0.20
ICE (1/6): MAR 120 CALLS +1.414
VIX: FEB 17 PUTS +0.225

Friday Trades

During large market drops money goes to “fear” assets such as gold, USD, and oil

IN
DBO – ratio long calendar strangle (1/5) to the long side
GLD – long strangle ( 1/1)
SDS – long. Inversely tracks the SPX. Holding until market strength returns.
UUP – when the public takes money out of the market they put it into what they consider safer assets such as cash
VIX – I anticipate the VIX (fear index that calculates volatility in the market) will continue to go up into next week
CME – I found a good bargain on one of my favorite stocks during the dip so I added to the position
ROVI – This is a stock I have been watching for a good entry for a long time and today it hit my buy level
FRX – This is another stock I have been waiting to enter

OUT
TUP – held very poor strength breaking below support levels so I decided to take the loss and move on
CME – Took profit on CME PUT protection I put on recently

Tuesday Trades

IN
CME – MAR-11 340 CALLS @ 4.10

OUT
FRX:  +0.05

Portfolio

Trade Strategy – Week of 1/17/11

OUT (Early week)
IEF
FRX
TUP

Add to CME when MAR-11 340 CALL premium drops to 4.00.

Wednesday Trades

Wednesday: Focus on protecting profits more than making them.

IN
FRX – FEB 11 32.5 CALLS
TUP – FEB 11 50 CALLS

OUT
UUP: +0.08
INTC: +0.24
INTC: -0.01
RCI: -0.57

Portfolio

Friday’s Strategy

Will look for an entry in DB around the 50 ema and will probably hold for about a week.

There will likely be a continuation move up in FRX so I will look for an entry in the morning and hold until next week.

OC entry would be a continuation move trade similar to FRX.  This is a second entry candidate since it has broken out of it’s previous channel pattern.

PRGO had a strong move up today and the stochastics are just now starting to turn up.  I will keep a close eye on it in the morning but I am not extremely eager to chase this one down.

FMX is at a good price level but it doesn’t look like a good entry can be made this week.

INTC showed weakness today but the price level is holding strong to the 200 ema.  Should get out of JANs and add FEBs if Intel doesn’t breakdown below the 200 ema.

Watching: LVS, NRG, CME