My Trading > My Trading Journal > January 20, 2012

My Trading Journal

January 20, 2012

4:00 pm (PST)

I got out of 135 more of my SCHW spread at 0.03. I still have 199 on. BMC was up a lot today and I might look to get out of that. ANF was down sharply but is holding support.

XHB dropped about 50 cents and my mom's 19/20 call spread expired out-of-the-money.

GOOG was down about 65 points today to 585. I wrote 100 of the February 560/555 put spread at 0.94 (I wrote 20 for my mom's account). It is a little close and I am wondering if I was too quick to put on the trade, but we'll see what happens.

TLT was down another 1.32 today to about 117. My call spread is doing very well but my put spread jumped to about .23. I definitely should have waited until now to write the put spread and should have done the 110/109 spread. I think the market is actually getting oversold now and will bounce sometime over the next few days. I would like volatility to go down too. I don't want the market to move a point and a half every day.

My trades today:

  • Bought to close 135 SCHW 10/9 put spread at 0.03
  • Sold to open 100 GOOG 560/555 put spread at 0.94

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