Interactive Brokers Olympiad Day Eight

New Positions:
Longs:
306 PPC @ 32.66
120 X @ 83.03
476 AKS @ 21.03
290 DAKT @ 34.48

Shorts:
200 AXL @ 20.25
491 LGND @ 16.62
775 MU @ 12.89
232 COGN @ 43.02
792 NKTR @ 12.63
500 CBRX @ 4.60
100 DAKT @ 34.67 <--Software glitch, big one. This was a leftover trail stop. Oops.

Options Sold:
10 SUF Feb 5 Calls @ .20
5 CBRX Feb 2.5 Puts @ .10

Closed Positions:
Covered 500 CRBX @ 4.77 -.17
Covered 232 COGN @ 43.05 -.03
Covered 792 NKTR @ 12.71 -.08
Sold 306 PPT @ 31.72 -.94 <--Glitch in the software I had to fix miday, shoulda been limited to .60 or so but would have been much less if it were not for the error.
Sold 120 X @ 83.57 +.54
Sold 476 AKS @ 21.07 +.04
Sold 100 DAKT @ 34.67

Closing Liquidation Value: $101,840 +4,214

Most of this was regained money from losses in options yesterday as i initiated positions. But it is worth noting that I am currently down on options overall about 100$ (albiet up $3k today or so) so that almost $2k profit is all stocks. I have some big winners from last week still making new highs like GGP, LYO, NCR and more recently NAV and TSO. These have powered the net gain thus far while shorts have not performed as well. However, that being said the account is now swinging thousands of dollars per day on options movements so ultimately their performance will decide my fate.

Check out the screen shot for more details about the software's favorite longs, shorts and high volatility stocks as well as position information.

Interactive Brokers Olympiad Day Seven

Options!

Longs:
120 ZMH @ 83.40
124 TSO @ 80.76
791 LGND @ 12.67
200 TK @ 49.73

Shorts:
1205 GNSS @ 8.29
695 PPCO @ 14.37

Options Sold (I stepped in front of some high volatility movers here...)
50 IIG Feb 25 Calls @ .402
50 MNTA Feb 20 Calls @ .91 <-- Wow, look at this chart. I am a little nervous.
50 AGIX Feb 15 Calls @ .15 <-- Hopefully I will be selling more of these tomorrow, this stock exploded today. Big time.

Closed positions:
Covered 627 AVR @ 16.10 -.16
Covered 200 JRCC @ 6.67 -.35
Covered 2882 NUVO @ 3.46 even
Covered 600 GFI @ 16.26 +.02
Covered 1205 GNSS 8.07 +.22

Closing Liquidation Value: $97,626

Two of the companies I sold calls in exploded today. My trigger was set to sell them too quickly which was somewhat intentional so that I could see if it would work at all. At any rate, it will take days for these positions bring in major cash as they have to give back volatility via time decay. But I am confident that this strategy will pay off and big. One major issue I have with it though it that I pretty much have to sell these options at market, and if there is a big spread at the moment of the transaction I will take a small loss instantly. Thats why my liquidation value is down today, otherwise a good day. All the options I sold are out of the money and there are only two weeks till expiration, in other words I expect these positions to return 100% profit.

Interactive Brokers Olympiad Day Six

New Positions:
Longs:
233 NAV @ 43

Shorts:
627 AVR @ 15.94
614 GFI @ 16.28
2882 NUVO @ 3.46
571 TSN @ 17.15

Closed Positions:
Covered 571 TSN @ 17.53 -.38
Covered 400 WFMI @ 42.76 +1.04
Sold 200 DRIV @50.62 -.34

Closing Liquidation Value: $100,884 +345 (still some bugs with the option writer routine)

Note: Stops are now much smarter, set at 2.5% trailing.

Interactive Brokers Olympiad Day Five

Longs:
200 WFR @ 51.71
200 AXL @ 20.73
200 DRIV @ 50.96

Shorts:
400 AVR @ 16.10
400 LEND @ 25.80

Covered 400 FL @ 21.67 -.56
Covered 400 AVR @ 16.60 +.82
Sold 200 MT @ 45.10 -.24
Covered 400 ELN @ 12.20 -.25
Covered 400 LEND @ 26.07 -.27
Covered 400 SHLD @ 175.6 +.38<--Too bad, this could have been much bigger... Sold 200 WFR @ 51.96 +.25 <--Nice day trade. Covered AVR @16.38 -.28<--Looks like a glitch, software should not be trading the same stock twice in a day. Closing Liquidation: $100,539 Still more or less treading water, however the account was up .54% in its first week of trading, compared with a 1.5% loss in the nasdaq 100 and a .5% loss in the dow. I'll take it!

Notes to self:
1) Fix the don't trade twice in a day glitch.
2) Create stops and position sizes relative to the stock price.
3) Include broad market conditions.
4) Sell options like a madman.

Interactive Brokers Olympiad Day Four

New Positions:
Longs:
200 FXEN @8.10 <--Love this chart but i didn't buy enough shares
200 NCC @ 38.18 <--Earnings buy that will cost me
200 EOP @ 54.39 <--Earnings buy
200 SUNW @6.30 <--Dumb trade, gonna get stopped out in a few weeks i bet.
200 LYO @ 28.63 <--Love it
200 ABC @53.56 <--Awesome buy, just fantastic.

Shorts:
400 SIRI @ 3.75 <--Fine by me, satelite radio is in trouble.
400 AVR @ 17.42
400 ELN @ 11.95
400 SHLD @ 175.98 <--This was a combination of two glitches that could be huge for my account. First there was a trade today at 76.25 (100$ below the market price) this alerted my program to short it, clearly a glitch in the data. Second, for some reason i have yet to determine, my software failed to initiate a stop. In other words it will remain short until my software gets turned on tomorrow morning and at that time the stop will be set .50 above the market price. This means I will not be killed by the gap if there is one, a problem with a .50 trailing stop on a 170$ stock. Generally speaking this is way too expensive a stock for my program to short, a $70k position in a $100k account... But i like this short plain and simple, even if it was a glitch.

Closed Positions:
Covered 400 MU @ 13.35 -.34
Sold 200CHL @ 49.07 +.54 <--A huge gap down killed my most profitable position yet.
Sold 200 SPW @ 69.74 -.58
Covered 400 OVTI @ 11.54 -.13 <--This would have made me a ton of money if my software had been online a week earlier.
Sold 200 KKD @ 12.94 +.72 <--Nice, good job program. Buy more shares next time (+5.9%)
Sold 200 ABC @ 53.41 -.15<--This stock should have made me money, i got in too late and the stop was too tight. Damn that chart looks great, nice buy but crappy exit!

Closing Liquidation Value: $100,809 +836 <--Best day yet, and a new high!

Interactive Brokers Olympiad Day Three

New Positions:

Longs:
200 DST @ 72.40
200 ABC @ 50.16
200 MT @ 45.34

Shorts:
200 JCC @ 6.32
400 WFMI @ 43.80
400 AMD @ 16.01
400 FL @ 21.11

Closed Positions:
sold 200 ABC @ 51.18 +1.02 <-- Biggest profit so far, and a day trade!
sold 200 DST @ 71.50 -.90
covered 400 SUF @ 3.10 -.31

Closing Liquidation Value: $99,973 +172

So I'm going nowhere fast, but that will change in a hurry when my new option selling strategies come online in the coming days.

Interactive Brokers Olympiad Day Two

New Positions:

Longs:
200 GGP @ 57.73
200 CHL @ 48.53
200 GRA @ 21.35
200 KKD @ 12.22
200 PCP @ 84.59
200 SPW @ 70.32
200 SGP @ 25.16

Shorts:
400 RACK @ 18.56
400 FL @ 21.52
400 WFMI @ 43.84
400 MU @ 13.01

Closed Positions:
400 GENZ @ 67.57 -.26
200 PCP @ 84.92 +.33
400 FL @ 21.79 -.27
400 RACK @ 18.97 -.41
200 JCI @ 92.04 +.1


Ending Liquidation Value: $99,801