My Trading > My Trading Journal > January 11, 2012

My Trading Journal

January 11, 2012

6:00 pm (PST)

SCHW and FSLR were up more today. ORCL was about even. The spreads are trading for such low values (about 3% to 6%) with 5 and a half weeks that I am thinking about buying them back and re-deploying my money in other positions. I'm not sure yet though.

The XHB spread closed up 30 cents to 18.65. This is getting close to the money, but I'm not worried yet. BMC was fine.

I put on the following new trade:

  • Sold 50 FOSL (Fossil) 70/65 put spread @ 0.85. Normally, I write put spreads on stocks that are sharply oversold. But this is one of those trades where a stock has fallen and traded sideways and looks like it has built a base and is looking like it will rise even though it is not sharply oversold.
  • Sold 350 ANF (Abercrombie & Fitch) 39/38 put spread @ 0.18. This is the trade I should have put on my mom's account a few days ago. I should have waited for the stock to drop a couple of points.
My mom's account: I put on a trade on XHB which was a duplicate of the one I put on in my account yesterday.
  • Sold 60 XHB 19/20 call spread at 0.11.
In her other positions, ANF and BMC were flat but possibly forming a bottom here.

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