Fed's another 1/4 rate cut

Just 3 hours ago, the Fed announced another quarter percent rate cut and here's 2 opportunities well-captured!

Goldman Sachs (GS)
Straight OTM Nov-07 80 Puts
Entry 5.20 Exit 6.40 (23% profit)

Long EUR/USD
Opened @ 1.4465
Closed @ 1.4495
PnL: 20pips

Today's Trade

CARDINAL HEALTH (CAH)
Straight ITM Nov-07 65 Call
Entry 2.45 Exit 2.75 (12.2% profit)

WEYERHAEUSER (WY)
Straight ITM Nov-07 70 Call
Entry 4.20 Exit 4.80 (14.3% profit)

Both are Day trades today (29-Oct) based on TCT!


p/s: I'm still longing POLO RALPH LAUREN (RL) and EUR/USD (for almost 10 hours already!) now.

OTC2007 Billionaires

I participated in the Options Trading Championship 2007 on 17 to 19 Oct 2007. And my group, Billionaires, won the 2nd place in the group category!

p/s: In case you are thinking what we won, we won a not-so-great thumbdrive from BOX (Boston Options Exchange). Disappointed!!

After a $20+ gap for a $100 stock...

Decker Outdoors (DECK)
Straight ITM Nov-07 140 Call
Entry 8.30 Exit 9.50 (14.5% profit)
Day trade on Friday 26-Oct based on TCT

p/s: DECK gapped up more than $20+ after beating earnings by 20+ cents.

My $9.50 Win on EUR/USD

Long EUR/USD
Opened @ 1.4369 x 20,000 & 1.43685 x 20,000
Closed @ 1.4373 x 40,000
PnL: 4.5pips & 4pips
Based on FxTM

My first Forex trade on IB

Earlier today, I started to trade forex on IB. This is my first result!

Long GBP/USD
Opened @2.0485, 2.0484 & 2.0477

Closed @ 2.0513, 2.0508 & 2.0512
PnL: 28pips, 24pips & 35pips

Based on FxTM

Trade after that 2 days..

Recently, I traded rather intensively.

C.R. Bard (BCR)
Bull Call Spread Nov-07 80/85 Calls
Entry 3.20 Exit 1.60 (50% loss)
Earning trade on 23/24 Oct

CME Group (CME)
Bull Call Spread Nov-07 630/640 Calls
Entry 4.80 Exit 7.00 (44% profit)
Earning trade on 23/24 Oct

Amazon.com (AMZN)
Bull Call Spread Nov-07 100/105 Calls
Entry 1.35 Exit 0.20 (85% loss)
Earning trade on 23/24 Oct

National Oilwell Varco (NOV)
Bull Call Spread Nov-07 75/77.5 Calls
Entry 1.00 Exit 2.35 (135% profit)
Earning trade on 23/24 Oct

BHP Billiton (BHP)
Straight OTM Nov-07 80 Puts
Entry 2.925 Exit 3.60 (23% profit)
Day trade on Wednesday 24-Oct based on TCT

Illumina (ILMN)
Straight ITM Nov-07 60 Put
Entry 3.40 Exit 4.10 (20% profit)
Day trade on Wednesday 24-Oct based on TCT

Merrill Lynch & Co (MER)
Straight ITM Nov-07 65 Call
Entry 2.45 Exit 2.20 (10% loss)
Blue Box on Briefing.com

VMWare (VMW) -1
Straight OTM Nov-07 110 Call
Entry 8.40 Exit 9.50 (13% profit)
Pre-Earning / Earning trade on 24/25 Oct

VMWare (VMW) -2
Bull Call Spread Nov-07 105/110 Calls
Entry 2.30 Exit 3.80 (61% profit)
Earning trade on 24/25 Oct

IntercontinentalExchange (ICE)
Bull Call Spread Nov-07 175/180 Calls
Entry 2.40 Exit 1.20 (50% loss)
Earning trade on 24/25 Oct

VMWare (VMW) -3
Straight OTM Nov-07 115 Call
Entry 6.10 Exit 6.70 (10% profit)
Day trade on Thursday 25-Oct based on TCT

Apache (APA)
Straight OTM Nov-07 95 Call
Entry 2.425 Exit 2.35 (3% loss)
Day trade on Thursday 25-Oct based on TCT

Wellcare HealthPlans (WCG)
Straight OTM Nov-07 90 Call
Entry 0.60 Exit 0.75 (25% loss)
Blue Box on Briefing.com


Ya, you can see that the (briefing.com) blue box may not always turn out profitable trades!

I'm taking a break today... No trading!!!