Showing posts with label Crude inventories. Show all posts
Showing posts with label Crude inventories. Show all posts

Wednesday, July 2, 2008

Plan Sticks... Furious Closing Buys

Bought:
(1022 am EST) HK july35puts@0.10 (reaction buy from seeing the coal sector crash all around it, while it broke out 2nd day in a row)

(1102 am EST) USO july113call@5.30 (no spike after crude inventory, but supply suggest USO goes higher wanted it confirmed green before buying)

(356 pm EST) DIA sept112puts@4.70 (thought of july/aug but wanted to protect from a possible rally)

(350ish pm EST) "accidently" bought x3 DIA shares (was trying for puts, not good to be trading when barely awake) so I sold it at a loss... trading 2 interfaces (AMTD & SCOTT not a good idea for someone who slept <2 hours) threw away $15. you are welcome Scottrade. My bad...

Held:
RHT jan12.5put (boring, but i see it happening)
RIMM july95puts (this shuda been the 250+% gain the other day)

Well, if there was anything i might have done differently, it would have been to go with a heavier lean on USO calls. But DIA puts work for me too, specific for unemployment news tomorrow. The thing is there is no ʻguidanceʻ or forecast attached to unemployment numbers but any surprise of lower numbers could blow up my puts. Also maybe I should have bought one IWM put... IWM surely returns better than DIA but i digress.

To sum it up got an Oil call/with a coal hedge in the form of HK puts and Index puts in the form of DIA. Pretty much ʻstuckʻ to my plan that I posted on sunday with the exception of when i actually entered all my index puts today rather than one on Tuesday and one today. HK puts was a bonus.. I still left some to cash (cant get greedy).

Sunday, June 29, 2008

This Week (June 30 - July 3) Outlined Plan (Position for Eco news)

This week:
July 1: Auto Sales/Construction spending
July 2: Factory Orders/crude inventories
July 3: Unemployment rate

So here is my plan for this week...
June 30: See market sentiment
- hopefully there is a bounce, to get in cheaper index puts/shorts
- Auto/Construction may already be priced in, but get first index position

July 1: See how the market opens/market sentiment
- If auto/construction leaves market flat hold 1st index position (but take profit)
- leave my one call on oil if stays flat. but sell at profit
****crude inventories lately seem to be more than expected (greater supply)

July 2: i think there might be a dip in oil/energy it after crude numbers, dip in energy means possibly cheaper index puts.
- buy oil/energy after numbers released (4:30a HST) AND
- buy index puts/ultrashorts if have not done so already.
- i like DIA & SPY puts or SDS calls.
- IWM put maybe, it depends. The Russell is volatile and may close where it opened

July 3: Unemployment numbers are out early. It is worth my getting up (*sigh* 3:30a HST)
- SELL for PROFIT (especially security puts) if market tanks... otherwise, let it ride if it opens flat or even higher.
- If sold positions, Re-enter index puts/oil calls at end of session, uneasiness during the weekend may spur more selling the next week. it depends on what the Unemployment numbers are... mind you there are ALOT of people fired from brokerages houses, banks, airlines... but we shall see how it affects overall numbers.

To some it up, buy Oil/Energy dip (possibly July 2)
Buy Index put/shorts July 2...

Hmm maybe i should focus on July 2nd instead of July 3rd