Here is a screen shot of the portfolio at the eod:
Aside from weakness in crude it was a good day for DT2009 because of the option writing strategy. The robot was unable to do much because the account was out of buying power most of the day. Unfortunately I don't think today's gain will be enough to put me on the leader board next week but we'll see. I am very curious to see how big the top gains are. Have a nice weekend everyone!
8 comments:
Hey,
I came across your blog, and I was wondering if any of your trades went through today. I am in the competition too, but my trades didn't go through.
what is your take on BAC? It also got downgraded.. Do you think the levels are good enough for a BUY?
BusinessIsGood, hey welcome to the blog. My program only ran for a portion of the day today because there was insufficient buying power to do much due to all of the naked options sold this week. It did enter four stock positions today including ESI, PNC, PSD and USB, also it got out of two of those intraday. I'd guess it placed more orders but to be honest I can't recall if they didn't go through because of insufficient buying power or not. With the stock trades the size is based on buying power so it should have entered more stocks, but I don't really pay too much attention to that strategy. I wrote it for the 2007 Olympiad and haven't changed it much since. I know for sure it placed SSO orders that did not go through due to insufficient buying power because those orders have a set size (10k).
chanti, BAC is a piece of crap company run by fools. They actually bought out country wide financial and Merrill Lynch. I recall when they bought CFC, BAC was trading at $30 and I was thinking "did BAC just give us a new vehicle for shorting CFC, just $20 higher?" Now BAC is $7. Both CFC and MER would have gone to zero but no, BAC actualy paid shareholders money for those worthless stocks. I think they bought CFC and MER for more than BAC is worth today, retards! And the funny thing is, they didn't even have the money to buy those companies!!! So now they are back at the fed begging for more money. And maybe begging is not the best word, more like holding the global financial system hostage. "Give us 150B more or we'll be the end of capitalism." I think BAC will be bankrupt or taken over by the feds before this bear market is over.
That being said, my program wrote 200 naked puts on the stock today which is a bullish bet. So go BAC!! That's just the way DT2009 rolls I guess.
How did your SPX calls work out, I saw the market gapped up a bit. Did they expire at the open today?
The calls expired worthless I guess, But the profit is not yet realized. I can't be sure until profit becomes realized.
I made heavy bets on BAC by shorting puts, I just hope Obama does something miraculous to keep the stock floating. Tuesday is going to be a big day and anything can happen over this long weekend.
chanti, do you mean you (with real money) or your robot was shorting BAC puts? If it was your robot I'm curious how it chose BAC. My program was doing the same thing on Friday.
Pythagoruz,
You mention a leaderboard above. Where do you find this? Thanks
Regards,
Max
Hey Max,
There is a link on the top left and corner of the blog to "current rankings." It just links to the main IB page for the Olympiad which is where they will post the current rankings each week at the end of Monday, or in today's case, at the end of Tuesday because of the holiday. Last year they only posted the top ten, I guess we'll find out if that gets expanded this year or not later today.
-Hunter
chanti, ouch on BAC!
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