Closing Liquidation Value: $917,800.01
Only one week left, hopefully the trend of the past week can continue...
Friday, February 27, 2009
Thursday, February 26, 2009
IB Olympiad 2009 Day Thirty
Closing Liquidation Value: $847,849.63
Well, today would have been a good day for the program's portfolio with oil rallying and the market dropping. However, yesterday something went wrong and the program got carried away selling naked STI 12.5 calls. It sold 700 of them, naked!! STI was up 20% today and the program is down 100k$ on that one position. It sucks but that's life. The program did not run today because I was busy using my laptop for other things around campus.
Well, today would have been a good day for the program's portfolio with oil rallying and the market dropping. However, yesterday something went wrong and the program got carried away selling naked STI 12.5 calls. It sold 700 of them, naked!! STI was up 20% today and the program is down 100k$ on that one position. It sucks but that's life. The program did not run today because I was busy using my laptop for other things around campus.
Wednesday, February 25, 2009
Tuesday, February 24, 2009
IB Olympiad Day Twenty Eight
Closing Liquidation Value: $918,915.53
Well, the account had plenty of cash after all the February options expired last week. It also had recovered some of the losses in naked bank stocks that it had been put. So I ran the program today and it did surprisingly well. The program made money on an SSO daytrade, also on a DXO purchase and it sold a boat load of naked calls on many surging stocks this afternoon including WFC, HIG, COF, GNK, LNC and STI. At this point I would say the program definately has a bearish position aside from a few stock positions which I had been put (PNC and PRU), and oil of course. Lets see how that plays out in the remaining days of this year's competition.
Well, the account had plenty of cash after all the February options expired last week. It also had recovered some of the losses in naked bank stocks that it had been put. So I ran the program today and it did surprisingly well. The program made money on an SSO daytrade, also on a DXO purchase and it sold a boat load of naked calls on many surging stocks this afternoon including WFC, HIG, COF, GNK, LNC and STI. At this point I would say the program definately has a bearish position aside from a few stock positions which I had been put (PNC and PRU), and oil of course. Lets see how that plays out in the remaining days of this year's competition.
Monday, February 23, 2009
IB Olympiad Day Twenty Seven + Rankings
Closing Liquidation Value: $722,471.82
Some big profits last week I see, nice call on the February puts guys!
Some big profits last week I see, nice call on the February puts guys!
Friday, February 20, 2009
IB Olympiad Day Twenty Six
Closing Liquidation Value: $755,217.31
Yikes, if only it had bet the other way! Exploding puts are a sight to behold.
Yikes, if only it had bet the other way! Exploding puts are a sight to behold.
Thursday, February 19, 2009
IB Olympiad 2009 Day Twenty Five
Closing Liquidation Value: $800,933.96
The program hasn't run for over a week now and the existing positions are getting crushed. If I had been running it some of the exploding positions would have gotten stopped out. Things are looking very bad for DT2009 unless there is a huge rally tomorrow. In fact, the market looks to me like we are about to see a quick 20% drop.
The program hasn't run for over a week now and the existing positions are getting crushed. If I had been running it some of the exploding positions would have gotten stopped out. Things are looking very bad for DT2009 unless there is a huge rally tomorrow. In fact, the market looks to me like we are about to see a quick 20% drop.
Subscribe to:
Posts (Atom)
