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 =)

Pipseer & Options Trading

Back in the trading business after a long absence. Currently working on Options Trading. Saw a nice entry setup(method B) on BA stock and took the May 70Call premium@$4.85 with SL@$3.80 roughly 20% risk.

Since this method does not apply any target value, but the system wont allow blank limit value so punched in $10 as my limit and let this one run 3-4 days and exit if it goes sideways.
Position Update: Stock went down tested the 22MA line then went past it on 2nd day of trading. Hit SL and position was closed, new to this program well now i know SL is working. Hey, thats what a stop loss is good for =)


Wanted to experience another Strategy(method A), since i could not find any better setups. Took the EIX Jul11 35Call@$2.75, Target $6.04 and SL of $1.98 which is off the recommended risk % value. Done for today.