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.
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4 comments:
OK... What is it, what does that mean, and why did you buy it?
Help a brother out... I'm clueless with that ..
Good blog idea, though.
What is it --- please click the options link
what does that mean ---- please click the options link
Why did I buy it ----- VLO is a pretty volatile stock and it is at the bottom of it's cycle and is getting ready to turn upward. I jumped the gun a few days trying to get ahead of the turn. Hopefully it behaves as planned.... :)
Oh... that helps....
Hey, there is HTML code you can put in the hyperlinks that open them in new windows so people stay on your blog. You may already know it but if not, I can e-mail you
yeah I know...just didn't think much of it, thanks I will re-code
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