Not to trade

In addition to company earnings report and dividends, this entry shall serve as a reminder in the future that not to trade day/after FOMC meetings and Non-farm payroll report.

May trade update

Took up a Put option on TGT at $3.55, stock price went down for last 3 weeks and hit strong support level. Macd turned bullish, and i closed the position for a 30% profit.

May 25th 2011

Have shortlisted AMZN,APOL,BXP,CCL,CE for today. After few considerations, im going for BXP. Opened BXP(Put) at 6.80

NTAP/AON Trade

Got into a CALL for NTAP trade at $4.90, price broke out and went sideways for next 2 weeks and since the rule is not hold a position more than 3 weeks. Closed it at $6.25 with profit.

Opened a call option on AON, few weeks of trading this stock was unable to make any movement and kept ranging. Macd indicator turned bearish so i decided to close before it hit my stop.

EIX/CL Update

Did not get time to check on my trades lately, only to find out that CL bounce back up the put option hit SL and trade was out. As for Eix, its almost 3 weeks since i entered the trade and i will have to close this trade.

Trade Update

Now holding 2 open trades: EIX Call & CL Put options. CL seems to be going the other way around and the momentum have gone bullish instead. EIX still on profit and i will wait for next 2 weeks.

Sbux, KMB

Scanned a number of stocks today and found 2 potential ones: SBUX and KMB. After doing the calculation, risk/reward just not for me. So no trade.

Eix position is looking good so far with +1.8% change, im happy there =)