Tuesday, September 11, 2007

GS Make A Spectacular Comeback

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1st half of the trading day
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GOOG OCT 520 1 PUT +518
GOOG OCT 530 1 CALL -492
Net profit: 26

GOOG OCT 520 1 CALL +38 (scalp)

GS SEP 185 3 PUT +54 (friday trade + today scalp(make 200))

GS SEP 210 10 CALL -185 (one of the strangle leg)

Total net lost: -67

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2nd half of the day
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GS SEP 190 3 PUT -517.43
GS SEP 180 1 Call -162 (sell call)

Net lost: -679.43

Total net lost of the day: -746.43

Well i lost abit but in actual fact i did make some in the first half of the day. The GS 10 call is suppose to be one of the strangle leg that i brought last week. This is another mistake i make on strangle. The time decay is eating up the profit of one leg which is put. Both leg are losing money. But i already cut this call leg and let my put leg run abit as i know today GS will fall.

GS sep 185 3 Put - I was losing 2 Put for about 200++ when GS gap up today. Then when GS reach 183 i buy in another put to average it as i see that GS will free fall. So i have turn my losing trade to profitable trades. =)

The google call scalp is a nice one as it is a 8 candle reversal scalp =)

I just cant figure out how come GS can ride up to so freaking high in a bearish day for most of the day. Im waiting for the reverser till i vomit blood. It come at abit too late. It only started to vomit in the last 30 minutes of the trading day. If base on MRE, this trade really make me look stupid. What a bad day !!! I still contispate on some loses. ARgh!!! It will be another rollarcoaster week. I shall see how the market perform tomorrow.

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