Trades these 2 days

Small Wins

RCL (Royal Caribbeans Cruises)
Straight ITM Nov-07 40 Call
BTO 2.50 STC 3.20 (28% profit)
Day trade on Monday 22-Oct based on TCT

AAPL (Apple)
Bull Call Spread Dec-07 175/185 Call
Entry 3.75 Exit 7.30 (95% profit)
Earning trade on 22/23 Oct

OXPS (optionsXpress)
Straight ITM Nov-07 27.5 Call
BTO 1.10 STC 1.10 (No win no loss)
Earning trade on 22/23 Oct

MT (Arcelor Mittal)
Straight OTM Nov-07 80 Call
BTO 2.70 STC 2.90 (7.4% profit)
Day trade on Tuesday 23-Oct based on TCT

FCX (Freeport-McMoran Copper & Gold)
Straight ITM Nov-07 110 Call
BTO 5.95 STC 6.20 (4.2% profit)
Day trade on Tuesday 23-Oct based on TCT

I just long into AMZN, BCR, CME and NOV today!

8 cents profit from an US$1.7K investment!

On friday, I entered a credit spread on $SPY. I 'risked' US$1,725 to earn a measly US$75 profit(which translated to only 4.3%). There's a total of 18 pairs of spreads (i.e. 36 legs).

Unfortunately, the trade was executed on optionsXpress and the commissions summed up to US$74.92! If you still don't understand what it meant, my net profit is only US$0.08!!!

Once again, Stupid me to invest US$1,725 to earn US$0.08!!!

First win on New Trading Platform

Recently, I found a trading platform called MB Trading that requires only $1 commission per contract (for options). I used to trade with (and still using) optionsXpress, but the commission is at least $14.95.

I just tried using MB Trading and managed to squeeze out my first win on this platform. Here's the details:

1. Underlying Stock: FMC, trading ~93.00

2. FMC's stock is spliting 2:1, payable on 13/9 and executing on 14/9.

3. Buy to Open @ 93.06 and Sell to Close @ 93.57

4. I bought FMC Oct 90 Call at 5.30 and sold at 5.70: 7.5% profit in 42 minutes.

Typically, if I trade only 1 contract with gross profit $40 (based on the same trade), I will only make $10.10 (= $40 - 2 comm x $14.95). But now, with MB Trading, I can make $38 (commission summed up to only $2). So if you are a new options trader and trade small number of contracts, it's good to use MB Trading. Otherwise, optionsXpress is excellent for big time traders.

ps: Please note MB Trading doesn't support options spread (MB Trading is incorporating the spreads within 2 to 3 months). Anyway, the spread order (up to 4 legs) optionsXpress also costs only $14.95, so it's not too bad and OX has excellent trading infrastructure.

pps: When I trade, I usually look into the ROI percentage rather than the absolute amount. You may not think $40 is any great; but if you see 7.5% return in 42 minutes, you'll know what I mean!

ppps: Imagine you are buying stock of FMC @ 93.06 and selling it @ 93.57, your ROI is only 0.5% compared to 7.5% through trading options. You do the math.