Hello!
I'm back! I finished my internship about two weeks ago so I've been spending the last couple of weeks preparing for school. Since my last post I've made a few trades. I will be getting back into the swing of things on monday.
Google
On top of Goldman I dipped back into Google buying a September $705 call for 1.85 selling it at $3.60 realizing a $365 gain.
Goldman
I'm still heavy in Goldman. I've bought about 10 more 115 September calls looking to see some upward movement this week. The stock has climbed since my original buy but still not enough.
Got excess refund?
Earlier this week I tweeted about investing your refund check. I'm not financial planner but I will share that right now interest rates are low. You will barely get any money back placing excess funds into CD or savings account. I would consider an options account. Read up on stocks you like, practice paper/virtual trading and if you have questions tweet me! Options accounts usually just charge a commission and it's a better than just letting your money sit.
Be sure to follow me on twitter for my most up to date trade info @TheBritReport
Saturday, August 25, 2012
Friday, August 10, 2012
August 10th, 2012
Hello all!
Let's get to the money!
Ten Year Note
FINALLY the TYU turned in my favor. I had 6 short positions since about the end of July for September expiration. I had an average of 134'410 and liquidated at 133'175.
Here's are the calculation for profit for a short position
Sold Price Bought Tics Tic Value Profit
134'000 - 133'175 = 17.5 x 31.25 = $546.875
133'270 - 133'175 = 9.5 x 31.25 = $296.875
134'110 - 133'175 = 25.5 x 31.25 = $796.875
135'025 - 133'175 = 49 x 31.25 = $1531.25 * 3 = $4593.75
__________________________________________________________________
Gross Profit $6,234.375
AWESOME!
Here's are the calculation for profit for a short position
Sold Price Bought Tics Tic Value Profit
134'000 - 133'175 = 17.5 x 31.25 = $546.875
133'270 - 133'175 = 9.5 x 31.25 = $296.875
134'110 - 133'175 = 25.5 x 31.25 = $796.875
135'025 - 133'175 = 49 x 31.25 = $1531.25 * 3 = $4593.75
__________________________________________________________________
Gross Profit $6,234.375
AWESOME!
At one point this looked like a loser but I held out and didn't let my emotions take over and now it's $6,200 winner. If you've been following my TYU calls... you're welcome =)
Goldman Sachs
Currently, I have 25 Goldman Sachs (GS) 115 September Calls. I have been extremely bullish. As I stated on twitter a couple weeks ago it only takes some good news to have it shoot up. I am hoping that the news about Goldman not having legal liabilites regarding the subprime mortgages gives the stock a boost today. I need a rally in GS NOW.
Currently, I have 25 Goldman Sachs (GS) 115 September Calls. I have been extremely bullish. As I stated on twitter a couple weeks ago it only takes some good news to have it shoot up. I am hoping that the news about Goldman not having legal liabilites regarding the subprime mortgages gives the stock a boost today. I need a rally in GS NOW.
That's all for now!
Brit
Thursday, August 2, 2012
August 2 2012
Blog
Hello all!
I've been having some serious technical difficulties! Sorry I've been MIA I'm updating via phone so I'm gunna keep it short!
Apple
Last week I bought one 670 apple call. I bought it before they came out with earnings unfortunately they missed their earnings! The stock dropped 30 bucks after hours. I am still holding the option... It has about 10 days to expire, since earnings it bounced back from its loss and hope it keeps climbing.
Google
Google was really a winner last week. I bought two 650 calls... There was some resistance at the 615 level but once it broke through that level it was all support! I got out of it Friday with a $550.00 profit. Remember never lose taking a profit.
What is market resistance?
The price at which a stock or market can trade, but not exceed, for a certain period yof time. - investopedia
Basically consider it like a ceiling every time a stock gets to a certain level it has trouble going past it. (resistance level) once it passes that level it climbs! Now it's trading at about $628
What is market support?
The price level which, historically, a stock has had difficulty falling below. It is thought of as the level at which a lot of buyers tend to enter the stock. - investopedia
This is kind of like the floor.
You can analyze charts to see previous trendlines of support or resistance and make decisions based on your findings... This one was a freebie :)
Monday I bought 6 $115 September Goldman Sachs calls. GS moves slower and has a little bad press but all it takes is some good news for the price to go up.
That's all I have for now !
Brit
Hello all!
I've been having some serious technical difficulties! Sorry I've been MIA I'm updating via phone so I'm gunna keep it short!
Apple
Last week I bought one 670 apple call. I bought it before they came out with earnings unfortunately they missed their earnings! The stock dropped 30 bucks after hours. I am still holding the option... It has about 10 days to expire, since earnings it bounced back from its loss and hope it keeps climbing.
Google was really a winner last week. I bought two 650 calls... There was some resistance at the 615 level but once it broke through that level it was all support! I got out of it Friday with a $550.00 profit. Remember never lose taking a profit.
What is market resistance?
The price at which a stock or market can trade, but not exceed, for a certain period yof time. - investopedia
Basically consider it like a ceiling every time a stock gets to a certain level it has trouble going past it. (resistance level) once it passes that level it climbs! Now it's trading at about $628
What is market support?
The price level which, historically, a stock has had difficulty falling below. It is thought of as the level at which a lot of buyers tend to enter the stock. - investopedia
This is kind of like the floor.
You can analyze charts to see previous trendlines of support or resistance and make decisions based on your findings... This one was a freebie :)
Monday I bought 6 $115 September Goldman Sachs calls. GS moves slower and has a little bad press but all it takes is some good news for the price to go up.
That's all I have for now !
Brit
Subscribe to:
Posts (Atom)