Friday, July 04, 2008

Happy 4th of July

It has been some tough weeks for many traders, I hope you all will be able to relax and enjoy the life a bit through this holiday weekend.

Trading update:

1. AAPL calls from Thursday: go out with a tiny profit in the opening minutes, have to say that I was lucky that the Market opened high as the June job report not shockingly bad.

2. AAPL puts: accidentally bought the puts when it rebounded to 170, got out when it broke 172, which turned out to be a head fake.

3. MOS puts: bought when it rebounded and stalled just below 133 and exited when it broke 129, the profit evened out the AAPL puts loss and then some.

Will hit the road shortly to visit our friends in San Diego, and between beers and scotch, we will have a good laugh (hopefully) on what trading has done to our lives.

Will post a weekend analysis if I get time.

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