Todays Trades

Hello all,

The figures show the result of the latest set of trades. With CAL rising we decided to buy back the short leg. We also opened a new spread on RUT. As currently we ahead by $912. Not bad, hun?

Brian

fill prices on the trades we discussed on Tuesday

Brian,

Here are the fill prices on the trades we discussed on Tuesday.

CAL- bought back the 35 call at 1.68
$RUT-sold the bull put for 1.55 credit
Sold 800 put for 6.30
Bought 790 put for 4.75

I don't know the email address for the others in the group. That's why I only sent this to you.

"see" you Friday,

Barb

p.s. I checked with TOS and found out that I set up our OCO order correctly. So, our exit order is good every day from 3:30-4pm eastern time.
Now I just have to conquer the analyze tab!!

OIH order

I re-entered our OIH order using an advanced order (1st triggers OCO). I'm trying to learn as much of the TOS platform as possible and still try to do the best for our group. If I can get this down I'd be happy to share what I've learned. I think I've attached a screen shot of the trade. Computers are also a challenge for me.

Explanation of order:
Order #1 Sell 6 contracts of Oct 180/175 put @ a limit of .65 (1st order triggers the next two)
order #2 buy back the vertical for .05 (for a profit)
Order #3 buy back the vertical at mkt if oih trades at or below 179 (for our pre-defined acceptable loss)

if order 2 happens first then order 3 is cancelled and vice versa

we'll see what happens.....until Tuesday.....happy trading

barb

Three new Trades

We're starting to become a bit more bullish. However we are expecting a pull back to the 30 day moving averages. We placed all the spreads on the far side of the support / resistance lines. We're kind of disapointed that the returns are not as good as last month.

Happy Trading,

Brian Cox

Bull Put Spread on OIH

Well after much discussion, we decided on a bull put spread 180/170 on OIH. We will execute the trade if the OIH closes above 191 tomarrow. the breakeven is 179.25, exit if OIH drops below 170.

Happy trading,

Brian

Sold some calls

We tool advange of the second day of the strong market. Sold GS 200 Call and CAL 35 call. We tried to sell the $RUT 820/810 Bear Call Spread, but it refused to go through.

Brian Cox

bought back some shorts

We bought back the CAL 30 call and the GS 190 call. Expensive, but better than taking further losses.

Brian

3 more spreads

Hello Traders,

The trades that we had agreed to at the telecom last Friday were executed today. They were; Bull Put Spread on the RUT and GS. We all ready had Bear Calls on the RUT and GS. We also placed Bear Call Speads on the OIH (200/195).

We having a telecom Tuesday evening at 7PM on the regular conference call number.

Happy Trading,

Brian Cox

Time will Tell

Hello Traders,

Well we added to our GS and $RUT a Tueday because on Monday we had decided that the trend had not yet turned from Bearish to Bullish. Time will show us if we were correct.

Happy Trading,

Brian Cox

Labor Day

Hello Traders,

Well all three positions are still valid. The market has had a couple of good days under light volume. All of our trades have been bearish. The trade most at risk is CAL. Our exit for CAL is buy back the 30 leg if CAL closes above 33.55.

We added to our GS Bear Call Spread and the $RUT Bear Call Spread, since we haven't seen a change in trend as of yet.

Let see what happens next?

Brian Cox