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

New Trades For September

Hello Traders,

We completed last month up by $729. We have 3 trades currently in progress. Any new trades?

Happy Trading,

Brian

Last Month's Results

Hello Guys,

Well it was a down month, but we still came out profitable last month. From my calculations, we cleared $729. I understand that some of the teams do not make money. We find out more at the next meeting next weekend.

Happy Trading,

Brian

Friday Before Options Expiration, next week...

He is the latest spreadsheet.

Happy Trading,

Brian Cox

2 potential trades

Hello traders,

Next Conference Call: 6:30 Friday 8/9.

Tonight we set up 2 conditional spreads. One on the $RUT and one on the OIH.

• The $RUT is a 800/790 Bear Call Spread. Trade if the $RUT drops below 760, return is about 14%.
• The OIH is a 180/175 Bear Call Spread. Trade if the OIH drops below 165, return about 14%.

Happy Trading,

Brian

Hello Traders,

We're still ahead of the game. What's next? Options expiration is only 2 weeks away.

As the market drops, we're making $$$

Hello Traders,

Remember less that 2 weeks ago, we were bullish on OIH and made a Bull Put Spread. We the OIH broke below 180, we bought back the 180 put. Since then, we have allowed the 175 PUT gain value as OIH has dropped further, to $166.75. We are now up 341% ($1614). Kinda nifty, hun?

We have a 40/35 Bear Call Spread that we trade with a couple of contract, then a week later we did it again.

Cool, Happy Trading,

Brian Cox

So good, so far

Hello Traders,

We it looks as if our bearish outlook is being rewarded.

What Next?

Brian

OIH Bull Put Spread

To the right is the first trade that we have made. So far so good.

Description

BAKE-OFF or TRADE-OFF
Which one do you dare?

· Form groups of 4-5 individuals.

· Exchange emails, phone numbers (whatever means to maintain communication)

Here is the challenge:

You have been awarded $100,000 (in your own paper trade account)

You can get a new paper trade account at cboe.com http://www.cboe.com/tradtool/virtualtrade.aspx
Trade for one month (till we meet again)

Maintain your trading journal and at the next meeting present your trades

Stocks to trade only are:

$RUT- Russell 2000 Index
CAL – Continental Airlines
OIH – Oil Service Holders Trust
GS – Goldman Sachs Group