Expected a rebound on Monday/Tuesday in U.S market, but how the trading day does, not much idea. LVS is at strong support of $16, awaiting time decay to Feb19.
As it gets closer to Feb 2nd week, i'll look at the possible opportunities of entering additional positions to add more income for Feb Expiry.
Planning to expand my portfolio after Feburary progressively.
Will be looking into GE, ENER, KERX, URE, PCX. Citigroup will be monitored as it gets closer to $3 strike, my possible timeframe of entering would be around June 2010.
Wednesday, January 27, 2010
Tuesday, January 26, 2010
25/01/2010
Market Price of LVS = $18.65
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = -$500.22 (Open 50lot, 12Jan10- )
Buy to Close, LVS Feb $15 Put (LJJNW) @0.64
50contracts
Comissions+Fees = $63.04
Premium Received/Paid = ($3263.04)
LVS Feb $13 Put @0.14, Nett Premium = -$213.05 (Closed 25lot, 14Jan10-25Jan10)
Buy to Close, LVS Feb $13 Put (LJJNM) @0.20
25contracts
Comissions+Fees = $31.52
Premium Received/Paid = ($531.52)
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = -$500.22 (Open 50lot, 12Jan10- )
Buy to Close, LVS Feb $15 Put (LJJNW) @0.64
50contracts
Comissions+Fees = $63.04
Premium Received/Paid = ($3263.04)
LVS Feb $13 Put @0.14, Nett Premium = -$213.05 (Closed 25lot, 14Jan10-25Jan10)
Buy to Close, LVS Feb $13 Put (LJJNM) @0.20
25contracts
Comissions+Fees = $31.52
Premium Received/Paid = ($531.52)
25/01/2010
US Market opened High yesterday as expected, but sell down is strong. LVS 's selldown speed is out of my expectations, but due to the margin call's due date, i have to do something to reduce the negative buying power on my acct before Brokerage takes the action on my behalf.
So the decision is made to close $13 strike at a loss, thou it can be a profitable expiry if it was left to expire. Learn something abt using 'Spare' leverage onhand can hinder my main course of action/intention.
By closing $13 isnt sufficient, i still have negative buying power, so i need to close aditional positions, considering the Cash Power must be enough to be exercised for my $17 strike, so i closed part of my $15 position. This took away part my 'profits/income', thou if left to expiry would also provides me a profitable expiry.
I am still left with 66lots of $17 position, same choices onhand as stated on my earlier posting. With Buying Power in the Green now, i've avoided the Margin Call at the expenses of some Profitable Expiry Positions.
Adjustments was done with logical considerations, my feelings are been noticed as i go through my test.
So the decision is made to close $13 strike at a loss, thou it can be a profitable expiry if it was left to expire. Learn something abt using 'Spare' leverage onhand can hinder my main course of action/intention.
By closing $13 isnt sufficient, i still have negative buying power, so i need to close aditional positions, considering the Cash Power must be enough to be exercised for my $17 strike, so i closed part of my $15 position. This took away part my 'profits/income', thou if left to expiry would also provides me a profitable expiry.
I am still left with 66lots of $17 position, same choices onhand as stated on my earlier posting. With Buying Power in the Green now, i've avoided the Margin Call at the expenses of some Profitable Expiry Positions.
Adjustments was done with logical considerations, my feelings are been noticed as i go through my test.
Saturday, January 23, 2010
23/01/2010
Market correction continues, Acct Valuation fell. At current LVS $17 strike is in the money as expected, i have 3 choices at hand.
1st: Close the position & realise the loss
2nd: Wait to be exercised at $17 on Feb expiry
3rd: Roll over the current Position to other expiry month
As for other positions, Challenge is current market value for them is too high till i've been issued a Margin Call, i'll take advantage of Time Decay till expiry or as long as possible & monitor along the way till LVS broke $16 to consider closing them.
1st: Close the position & realise the loss
2nd: Wait to be exercised at $17 on Feb expiry
3rd: Roll over the current Position to other expiry month
As for other positions, Challenge is current market value for them is too high till i've been issued a Margin Call, i'll take advantage of Time Decay till expiry or as long as possible & monitor along the way till LVS broke $16 to consider closing them.
Friday, January 22, 2010
21/01/2010 - Thoughts
Market facing correction, came 1week earlier than i expected. The Cashflow model is put into test during a different market behaviour.
Awaiting for market support to come in, also pending to own the securities under my obligations in the agreement.
As for those positions at $15 & $13, awaiting for further confirmation before taking action to close them or to let them expire on Feb19.
Acct Value based on Market Valuations will fluctuate, since i positioned my obligated buying price below current share price, i'm still in a profit position. Market Valuation is an indication for me on the Amount i would need to pay/receive upon buying/selling, as for Cashflow, my focus is based on the Amount of Premium i can receive on every expiry month. Not disregarding the market worth of the underlying share holding i have completely, as eventually if the company closes or losses its liquidity/volume, Cashflow would eventually be affected as well.
Awaiting for market support to come in, also pending to own the securities under my obligations in the agreement.
As for those positions at $15 & $13, awaiting for further confirmation before taking action to close them or to let them expire on Feb19.
Acct Value based on Market Valuations will fluctuate, since i positioned my obligated buying price below current share price, i'm still in a profit position. Market Valuation is an indication for me on the Amount i would need to pay/receive upon buying/selling, as for Cashflow, my focus is based on the Amount of Premium i can receive on every expiry month. Not disregarding the market worth of the underlying share holding i have completely, as eventually if the company closes or losses its liquidity/volume, Cashflow would eventually be affected as well.
Wednesday, January 20, 2010
19/01/2010 - Thoughts
Are you Working Hard to make money yourself, or Are you working hard on a System which makes money for you ?
How big part of yourself is within the system which you are working hard on ?
Are there Backup Systems/Plans within each of them ?
How many wealth systems can you create ?
Are all these individual systems Inter-Dependent and fits like a jizsaw puzzle together forming a single picture that can be fitted into a frame as your Financial MasterPlan ?
How big part of yourself is within the system which you are working hard on ?
Are there Backup Systems/Plans within each of them ?
How many wealth systems can you create ?
Are all these individual systems Inter-Dependent and fits like a jizsaw puzzle together forming a single picture that can be fitted into a frame as your Financial MasterPlan ?
Friday, January 15, 2010
Trading - 14/01/2010
Market Price of LVS = $18.65
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
LVS Feb $13 Put @0.14, Nett Premium = $318.47 (Open 25lot, 14Jan10- )
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
LVS Feb $13 Put @0.14, Nett Premium = $318.47 (Open 25lot, 14Jan10- )
Wednesday, January 13, 2010
Trading - 13/01/2010 - Withdrawals
Market Price of LVS = $18.29
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
Withdrawal Order Placed (incl.Fees): USD 3370
Will be in Singapore Bank Acct on 14/01/2010(SG)
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
Withdrawal Order Placed (incl.Fees): USD 3370
Will be in Singapore Bank Acct on 14/01/2010(SG)
Trading - 12/01/2010
Market Price of LVS = $18.34
LVS Jan $17.50 Put @0.47, Nett Premium = $2,121.03 (Rolled 60lot, 06Jan10-12Jan10)
LVS Jan $17.50 Put @0.63, Nett Premium = $204.16 (Rolled 6lot, 05Jan10-12Jan10)
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Jan $16 Put @0.06, Nett Premium = $133.78 (Rolled 100lot, 07Jan10-12Jan10)
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
LVS Jan $17.50 Put @0.47, Nett Premium = $2,121.03 (Rolled 60lot, 06Jan10-12Jan10)
LVS Jan $17.50 Put @0.63, Nett Premium = $204.16 (Rolled 6lot, 05Jan10-12Jan10)
LVS Feb $17 Put @0.69, Nett Premium = $4,470.65 (Open 66lot, 12Jan10- )
LVS Jan $16 Put @0.06, Nett Premium = $133.78 (Rolled 100lot, 07Jan10-12Jan10)
LVS Feb $15 Put @0.20, Nett Premium = $2,762.82 (Open 100lot, 12Jan10- )
12/01/2010 - LVS
Charts showing strong support at $15 , tested support sometime back & started the uptrend to the current price above $18.
With premiums added onto the Cash Capital in my trading acct, allows me to take on more leveraged positions. Not putting myself into a short term risk of being involved with the short-term price sway ard $18 area, i'll put my 'risk' positions at the support or below, capitalising & taking advantage on the Out-Of-the-Money(OTM) volatility+time value currently.
Will monitor as time passes towards Feb Expiry to decide on adding more "risk" positions or should i say 'Advantage" positions. Considering Feb $13 as addon.
With premiums added onto the Cash Capital in my trading acct, allows me to take on more leveraged positions. Not putting myself into a short term risk of being involved with the short-term price sway ard $18 area, i'll put my 'risk' positions at the support or below, capitalising & taking advantage on the Out-Of-the-Money(OTM) volatility+time value currently.
Will monitor as time passes towards Feb Expiry to decide on adding more "risk" positions or should i say 'Advantage" positions. Considering Feb $13 as addon.
Friday, January 8, 2010
Trading - 07/01/2010
Market Price of LVS = $18.50
LVS Jan $17.50 Put @0.47, Nett Premium = $2744.26 (Open 60lot, 06Jan10- )
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
LVS Jan $16 Put @0.06, Nett Premium = $473.88 (Open 100lot, 07Jan10- )
LVS Jan $17.50 Put @0.47, Nett Premium = $2744.26 (Open 60lot, 06Jan10- )
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
LVS Jan $16 Put @0.06, Nett Premium = $473.88 (Open 100lot, 07Jan10- )
Thursday, January 7, 2010
Trading - 06/01/2010
Stock : Purchased Las Vegas Sands Corp (LVS) using $100,359 capital+margin
Market Price of LVS = $18.10
Entered @$15.93 per share nett (Closed 63lot, 01Dec 2009-6Jan 2010)
Sold @$18.04 per share, Capital Gain of $13,290.07 nett
LVS Jan $15 Call @0.67, Nett Premium = -$15,593.55 (Closed 63lot, 30Dec09-6Jan10)
LVS Jan $17.50 Put @0.47, Nett Premium = $2744.26 (Open 60lot, 06Jan10- )
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
Above Closing of Covered Call resulted in ($2,303.48) but was covered by a new entry of 60lots Premium Income of $2744.26
Market Price of LVS = $18.10
Entered @$15.93 per share nett (Closed 63lot, 01Dec 2009-6Jan 2010)
Sold @$18.04 per share, Capital Gain of $13,290.07 nett
LVS Jan $15 Call @0.67, Nett Premium = -$15,593.55 (Closed 63lot, 30Dec09-6Jan10)
LVS Jan $17.50 Put @0.47, Nett Premium = $2744.26 (Open 60lot, 06Jan10- )
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
Above Closing of Covered Call resulted in ($2,303.48) but was covered by a new entry of 60lots Premium Income of $2744.26
06/01/2010 - LVS
When LVS went down Pass $15 last trading day of 2009, i did a rolldown of $16 covered call to $15 covered call to gain more premium income to reduce my Capital Risk.
This move got me 'locked' at a obligation to sell the stock at $15 during the time to expiry on Jan 15 2010. The next trading on New Year Monday, Jan 4 & 5, market wentup. LVS moved up a total of $3.35 . My position being 'locked' at $15 dosent allow me to take advantage of the Capital Gain in the price.
i reviewed my current situation & choices available also the consequences of the choices before deciding on my next step.
1) Buy back the Call at a high price (Requires a lot of Cash, which unavailable)
2) Allow the Call to be exercised by expiry (End amt can be calculated after expiry)
3) Close the entire Covered Call position (To Release the Capital/Cash)
All the above 3 choices based on current prices still maintains a positive acct value, Choice 1 isnt executable, Choice 2 till expiry nothing will happen & you know how much you'll eventually get after being exercised, Choice 3 after releasing the capital, i can still do a SELL PUT to make Premium Income for the 'opportunity loss' during stock capital gain.
I decided to go for Choice 3 as it has more benefits to my current situation, also after which i can be back ontrack on my system after expiry(if its expired) to continue making Premium Income for the next round to fulfill my Funding Obligations. Lesson learnt, to wait for confirmation signal when support/resistance line is tested before taking on the assumption of a downtrend breakout.
This move got me 'locked' at a obligation to sell the stock at $15 during the time to expiry on Jan 15 2010. The next trading on New Year Monday, Jan 4 & 5, market wentup. LVS moved up a total of $3.35 . My position being 'locked' at $15 dosent allow me to take advantage of the Capital Gain in the price.
i reviewed my current situation & choices available also the consequences of the choices before deciding on my next step.
1) Buy back the Call at a high price (Requires a lot of Cash, which unavailable)
2) Allow the Call to be exercised by expiry (End amt can be calculated after expiry)
3) Close the entire Covered Call position (To Release the Capital/Cash)
All the above 3 choices based on current prices still maintains a positive acct value, Choice 1 isnt executable, Choice 2 till expiry nothing will happen & you know how much you'll eventually get after being exercised, Choice 3 after releasing the capital, i can still do a SELL PUT to make Premium Income for the 'opportunity loss' during stock capital gain.
I decided to go for Choice 3 as it has more benefits to my current situation, also after which i can be back ontrack on my system after expiry(if its expired) to continue making Premium Income for the next round to fulfill my Funding Obligations. Lesson learnt, to wait for confirmation signal when support/resistance line is tested before taking on the assumption of a downtrend breakout.
Wednesday, January 6, 2010
Trading - 05/01/2010
Stock : Purchased Las Vegas Sands Corp (LVS) using $100,359 capital+margin
Qty : 63lots @ $15.93 per share nett (01Dec, 2009)
Market Price of LVS = $18.27
LVS Jan $15 Call @0.67, Nett Premium = $4,141.89 (Open 63lot, 30Dec09- )
LVS Jan $15 Put @0.63, Nett Premium = $44.02 (Rollup 1lot, 21Dec09-05Jan10)
LVS Jan $15 Put @0.25, Nett Premium = $22.84 (Rollup 3lot, 04Jan10-05Jan10)
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
Qty : 63lots @ $15.93 per share nett (01Dec, 2009)
Market Price of LVS = $18.27
LVS Jan $15 Call @0.67, Nett Premium = $4,141.89 (Open 63lot, 30Dec09- )
LVS Jan $15 Put @0.63, Nett Premium = $44.02 (Rollup 1lot, 21Dec09-05Jan10)
LVS Jan $15 Put @0.25, Nett Premium = $22.84 (Rollup 3lot, 04Jan10-05Jan10)
LVS Jan $17.50 Put @0.63, Nett Premium = $258.16 (Open 6lot, 05Jan10- )
05/01/2010 - LVS
The brokeout extended the uptrend to higher prices, pushes day high & closed at $18.27
During which i rolled up my PUTs position to higher strike price to take advantage of the movement to expiry at $17.50
During which i rolled up my PUTs position to higher strike price to take advantage of the movement to expiry at $17.50
Tuesday, January 5, 2010
Trading - 04/01/2010
Stock : Purchased Las Vegas Sands Corp (LVS) using $100,359 capital+margin
Qty : 63lots @ $15.93 per share nett (01Dec, 2009)
LVS Jan $16 Call @0.65, Nett Premium = $2,109.89 (Rolldown 63lot, 21Dec09-30Dec09)
LVS Jan $15 Call @0.67, Nett Premium = $4,141.89 (Open 63lot, 30Dec09- )
LVS Put $15 Put @0.63, Nett Premium = $50.03 (Open 1lot, 21Dec09- )
LVS Put $15 Put @0.25, Nett Premium = $48.05 (Open 3lot, 04Jan10- )
Qty : 63lots @ $15.93 per share nett (01Dec, 2009)
LVS Jan $16 Call @0.65, Nett Premium = $2,109.89 (Rolldown 63lot, 21Dec09-30Dec09)
LVS Jan $15 Call @0.67, Nett Premium = $4,141.89 (Open 63lot, 30Dec09- )
LVS Put $15 Put @0.63, Nett Premium = $50.03 (Open 1lot, 21Dec09- )
LVS Put $15 Put @0.25, Nett Premium = $48.05 (Open 3lot, 04Jan10- )
04/01/2010 - LVS
Brokeout happened. LVS closed at 14.94 on the last day of 2009 trading, opened 1st day of 2010 trading at 15.60 to a day high of 16.62 & ended the day(info taken from finance.yahoo.com).
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