Olympiad Day 27

Another bad day for the portfolio due to FMT as expected... Thankfully the software took the loss before it would have grown much larger by the end of the day. Also, I noticed today that the software is short TXU from a few days ago. This is a strange glitch indeed as TXU just got a buyout bid, in fact the biggest buyout ever. The software appears to have gone short on that day and is now at a decent gain that could potentially get much larger if that deal unravels. If I had seen that trade on Monday I would say it was pretty sily and no chance of any profit or getting stopped out. But what a difference a few days can make in the market.

Closing Liquidation Value: $116,526 -$1,682 <--Gonna be up tomorrow(knock on wood) Ps. On a related note to the TXU buyout and the types of options activity I would like to eventually implement into this software check out this article.

Olympiad Day 26

So how did the software fair against the biggest market drop since 2001?

New Positions:
Longs: (these were all stopped out)
194 RSH @ 25.83
92 ABT @ 54.46
73 CL @ 68.60

Shorts:
51 FXI @ 97.81
55 PCP @ 90.31
196 MR @ 25.56
192 VMED @ 26.06

Naked Options Sold:
50 NFI March 10 Calls @ .20
50 FMT March 10 Puts @ .80 <--Big trouble 50 CVTX March 10 Puts @ .15 <--Uhhh, not cool Closed Positions: Sold 63 CSCO @ 26.74 -.82 Sold 116 BBBY @ 41.46 -1.69 Sold 197 PCLN @ 53.01 +2.24 Sold 392 MAT @ 26.25 +.71 Sold 323 NWL @ 30.94 -.04 Sold 54 TSO @ 89.40 -3.1 Sold 203 MT @ 51.28 +2.06 Sold 100 MFE @ 30.86 -.68 Sold 94 XTO @ 52.12 -.83 Sold 100 EDS @ 28.70 -.75 Sold 100 DISH @ 41.64 -.82 Sold 200 NCR @ 47.05 +2.35 Covered 50 THLD March 5 Calls @ .05 +.50 <--Huge Trade (+95%) Covered 55 PCP @ 91.98 -1.67 <--DAYTRADE Sold 194 RSH @ 25.37 -.46 <--DAYTRADE Sold 266 NWS @ 24.41 -.65 Covered 50 Naked NRMX March 15 Puts @ 1.40 -.65 Sold 100 SNE @ 51.74 -1.50 Sold 200 ADP @ 50.00 -.02 Sold 101 ED @ 48.56 -.93 Sold 92 ABT @ 53.27 -1.19 <--DAYTRADE Sold 73 CL @ 66.85 -1.79 <--DAYTRADE Covered 196 MR @ 24.88 +.68 <--DAYTRADE Covered 64 MS @ 75.17 +3.07 Sold 200 NCC @ 37.56 -.62
Well, I think the software faired rather well today given the number of long positions before the big plunge. Fortunately, almost all of them were stopped out as soon as the market opened, which was the high for the indicies. At one point it was actually up, but a growing loss in naked FMT puts sold and a big loss in NMRX took their toll by the end. Also, the naked JADE calls sold last week paid off huge as that stock fell over 12%. But unfortunately, the software blindly sold some naked puts which I think are gonna end up biting the portfolio as this market falls further. FMT in particular posts earnings tomorrow and they are another sub-prime tanker... we'll see.

Closing Liquidation Value: $118,208 -$3,976 <--Could have been much worse...

Olympiad Day 25

Closing Liquidation Value: $122,184

Olympiad Day 24

Closing Liquidation Value: $121,698

Olympiad Day 23

Closing Liquidation Value: $120,734

Olympiad Day 22

This software is a beast!

Closing Liquidation Value: $122,735 <--NFI, NFI, NFI...

Olympiad Day 21

New Positions:
Longs:
79 NPRH @63.59
92 TIN @ 54.32
88 WFR @ 56.53
38 MLM @ 132.32
100 RMBS @ 22.01 <--How did RMBS show up in the 52-week high list!? 101 FSLR @ 49.41 Shorts: 251 CORS @ 19.86 124 APC @ 40.37 200 FBR @ 6.97 New Naked Option Positions: 50 THLD March 5 Calls @ .55 50 KRY March 2.5 Puts @ .10
50 NFI March 20 Calls @ 1.20 <--F@#$ING AMAZING!
50 IIG March 15 Puts @ .45 <--A big money maker last month (feb 20 calls)

Closed Positions:
Sold 88 WFR @ 54.78 -1.75
Covered 200 FBR @ 7.16 -.19
Covered 251 CORS @ 20.54 -.68

(See the screen shot above, the winners kept winning with a few of today's trades stopped out. no biggie)

Closing Liquidation Value: $112,065 -380 <--Op ex profits were offset by the cost of establishing new option positions (the spread causes an instant loss on market purchases)

Expect a big, a very big pop tomorrow as the software's biggest position hit a major home run today in the after hours. NFI cratered 45% while my software was long 22 NFI March 15 puts and short 50 naked 20 calls. word.