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Day Trading and Stocks Review

By phil
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Day Trading is another one I’m ready to purge.

At least it’s easy to review – We have 100 BA Nov $60s that are down almost 50% and we discussed in comments today about rolling them into a Sept vertical but I’m not too keen on that as it’s just money laying there so I’m thinking it over.  We have 50 FIG Sept $10s that are up 83% and looking good and then we have the 40 GOOG $470s, that finished poorly but then popped back up in after hours so we’ll see tomorrow.  That’s it.  The DTP is up 196% since 5/19 and has $169K in cash as I’ve gotten back to more pure day trading and less long holds (BA being the one old one we’re stuck with).

Stocks are up very nicely for a 10 day-old portflio at 7%.  Lots of sold puts and just our naked SIRIs and the HOVs with those puts sold as well.  The only put I’m worried about owning is C and I’m not worried about that because I don’t mind owning C for $17.40 if it does get put to us:

 

Description Type Cost Basis Opened Sale Price Closed Days Gain/Loss $ %
AKAM
20 Aug 2008 22.50 AKAM PUT (UMUTX) SP $ 1,700.00 7/31/2008 $ 1,890.00   0
$ 190.00 10.1 %
Total Gain/Loss for AKAM
$ 190.00 11.2 %
BAC
20 Aug 2008 30.00 BAC PUT (BACTF) SP $ 1,940.00 7/25/2008 $ 4,990.00   6
$ 3,050.00 61.1 %
Total Gain/Loss for BAC
$ 3,050.00 157.2 %
C
10 Aug 2008 20.00 C PUT (CTD) SP $ 1,820.00 7/28/2008 $ 2,590.00   3
$ 770.00 29.7 %
Total Gain/Loss for C
$ 770.00 42.3 %
ELN
20 Aug 2008 20.00 ELN PUT (ELNTD) SP $ 2,200.00 7/30/2008 $ 1,590.00   1
$ -610.00 -38.4 %
Total Gain/Loss for ELN
$ -610.00 -27.7 %
HOV
20 Aug 2008 7.50 HOV PUT (HOVTU) SP $ 2,000.00 7/24/2008 $ 1,990.00   7
$ -10.00 -0.5 %
20 Aug 2008 7.50 HOV CALL (HOVHU) SC $ 710.00 7/24/2008 $ 1,190.00 7/29/2008 5
$ 480.00 40.3 %
2000 Hovnanian Enterprises Inc. (HOV) LS $ 14,270.00 7/24/2008 $ 14,060.00   7
$ -210.00 -1.5 %
Total Gain/Loss for HOV
$ 260.00 1.5 %
SIRI
5000 Sirius Satellite Radio (SIRI) LS $ 8,010.00 7/30/2008 $ 8,000.00   1
$ -10.00 -0.1 %
Total Gain/Loss for SIRI
$ -10.00 -0.1 %
WFR
10 Aug 2008 45.00 WFR PUT (WFRTI) SP $ 1,450.00 7/24/2008 $ 4,240.00   7
$ 2,790.00 65.8 %
Total Gain/Loss for WFR
$ 2,790.00 192.4 %
WM
20 Aug 2008 4.00 WM CALL (WMHH) SC $ 1,010.00 7/24/2008 $ 1,490.00 7/29/2008 5
$ 480.00 32.2 %
50 Aug 2008 4.00 WM PUT (WMTH) SP $ 1,100.00 7/25/2008 $ 3,740.00   6
$ 2,640.00 70.6 %
5000 Washington Mutual Inc. (WM) LS $ 19,620.00 7/24/2008 $ 27,480.00 7/31/2008 7
$ 7,860.00 40.1 %
Total Gain/Loss for WM
$ 10,980.00 50.5 %
Total Gain/Loss
$ 17,420.00 31.2 %

 

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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