My Trading > My Trading Journal > January 10, 2012

My Trading Journal

January 10, 2012

5:00 pm (PST)

VNM gapped up and traded around 14.95 for quite a while. Although I wanted to get out at 14.98, there were only a few prints at that price and I knew it would be hard to get filled on 7,900 shares so I put in an order at 14.95 and got filled there for a small $220 loss. My previous options trades (ORCL, FSLR, SCHW) were up more.

With money freed up from VNM, I also put on 2 more options trades:

  • Sold 118 (partial fill on an order for 350) BMC 29/28 put spread @ 0.18
  • Sold 200 XHB 19/20 call spread @ 0.25
The BMC trade is just a duplicate of the trade I put on for my mom a few days ago. The XHB short trade is based on the HomeBuilders index ETF being at about a 6-month high and appraoching resistance at 18.50 to 19.00. The spread I chose is pretty close to the market but the size of the trade is somewhat small and the ETF is not too volatile (with not too much gap risk).

My mom's account: BMC and ANF were down a little but not too much.

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