Lets try this...Since I've only gotten one question about investing, I'll post my trades as I do them (good or bad) so you can follow along and track my stocks performance. You'll be able to see when I bought and when I sold.
Today Monday 8-21-06:
Bought 5 contracts of VLO Sep 62.50 call Options at $2.25 per contract.
Each contract controls 100 shares.
UPDATE:
8-24-06
VLO took a litte dip yesteday, which presented an opportunity (because I feel it will go back up) to buy a few options at a lower price.
Bought 2 contracts of VLO Sep 62.50 Call options at $1.50 per contract
That brings me to 7 toatal at $2.07 per contract (when I bought 2 more at a lower price it averaged all 7 contracts to $2.07 per contract.
Update 9-6-06:
Ok it's been a few weeks since I updated my VLO call play. It went down again about 2 weeks ago, so I bought 3 options at $1.40. So this brought my total to 10. Then it went down again, so I bought 2 more options at .45 cents. Now it went down big time in the last few days..WTF. So now it is vauled at .5 cents. So chalk this one up as a loss, unless it reounds by friday the 15th (that is when the option expires)
So I had a golden opportunity to sell my options on 8-25, I would have profited $350. But being rather new to the options game I did not know when to exit the trade, so as you can now see I got burned. Live and learn. Moving on to the next trade. I will post it when it is executed.
Monday, August 21, 2006
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