Vacation for 2 weeks

I will be on vacation for 2 weeks. So no more challenge trades during this time. Currently I am sitting on flat account in current challenge. Hoping for some profitable trades after I come back.

Have fun. 

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Sold BTU calls

As planned I am not willing to take more than $200 loss in BTU. 

so I am selling it here

SELL   13 BTU, 20140919, 15.5, CALL, Option, SMART, USD 0.42

 

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Sold BIDU call

Sold my BIDU call. I do think that BIDU has long way to go but after sitting it with big loss I think this move is asking me not to be too greedy here.

 

SLD 1 BIDU, 20140919, 210, CALL, Option, GEMINI, USD 13.50
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Bot BTU calls

I am looking for some bounce in coal names. Playing with cheap options. Going to risk $200.

BOT 13 BTU, 20140919, 15.5, CALL, Option, CBOE, USD 0.57
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Out of DE calls

I sold my DE calls for 44cents. I could have not traded it any worse. Entry was bad and on top of that I kept it when I should have taken loss sooner.

This gave back all the profit I made in last 3 trades. But past is past, lets look for new trade.

 

SLD 10 DE, 20140919, 86, CALL, Option, ISE, USD 0.44
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Bot BIDU call

For challenge I bought BIDU Sep 210 call.

I am looking for breakout here.

BOT 1 BIDU, 20140919, 210, CALL, Option, NASDAQOM, USD 10.80

 

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Out of MRO calls

I sold MRO calls due to 2 reasons

1. MRO is just consolidating here. For challenge I need fast movers.
2. MRO calls were showing wide spread. Can’t get out if it starts to fall here. ( I got filled 1.42 when bid was 1.38 and ask 1.52)

Here is my fill

SLD 10 MRO, 20140919, 39, CALL, Option, PSE, USD 1.42

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