tag:blogger.com,1999:blog-40491670439656409472024-03-19T04:25:03.393-07:00Option TradingBlog dedicated to ETF and Index option trading strategies using credit spread and money management.Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.comBlogger1301125tag:blogger.com,1999:blog-4049167043965640947.post-72934939440219302822012-04-05T19:28:00.003-07:002012-04-05T19:31:23.946-07:00On a breakJust stopped by to let you all know I am taking a break from trading. My goal is to regroup so I can decide how to best use my limited time before I put on any new position.<br /><br />I must be 100% sure I can dedicate enough time and attention to it while not burning out because of work and family commitments.<br /><br />Cheers!<br />GustavoGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com4tag:blogger.com,1999:blog-4049167043965640947.post-12309650768318707982012-03-02T17:27:00.003-08:002012-03-02T17:34:38.389-08:003/2 NDX Iron Butterfly (Mar)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh153zkHt5BOEGqCu-rEd9Uv8_b7f206sVXRFirJj6hcEthwk22fUzJNgexHrjlsWp3w9SkWUy8TON7ClFT3KxkrIr-ktutK-6djq9QyHGbUHBcnU-yE6jfAVqhR_Y_ziZQiYHzJrAIRmQ/s1600/Weekly+Summary+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 242px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh153zkHt5BOEGqCu-rEd9Uv8_b7f206sVXRFirJj6hcEthwk22fUzJNgexHrjlsWp3w9SkWUy8TON7ClFT3KxkrIr-ktutK-6djq9QyHGbUHBcnU-yE6jfAVqhR_Y_ziZQiYHzJrAIRmQ/s320/Weekly+Summary+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715478224666175522" /></a><br />Sometimes you just have to follow a hunch. Yesterday I got a quick hunch to move my NDX stop by one point, so I moved it to 2651. As it turns out, NDX traded exactly to 2650 and bounced back down. Will this be the scenario where we back off from here? Who knows, all I know is that I gained another weekend on the trade! <br /><b>3/2</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6YulIJCqubuaOLUoBaH2dDJw-PE4W0fOGfagr0LJqygsLk4cdKxPZxT4S_jHv4DJlVvV5sdpYUa7sFnliMy1oUfIetn0Rce1cpWMFuwzHccuEKA4MQwnxTMoR17NZ6twklzZcPVO4KTY/s1600/20120227+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6YulIJCqubuaOLUoBaH2dDJw-PE4W0fOGfagr0LJqygsLk4cdKxPZxT4S_jHv4DJlVvV5sdpYUa7sFnliMy1oUfIetn0Rce1cpWMFuwzHccuEKA4MQwnxTMoR17NZ6twklzZcPVO4KTY/s320/20120227+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715476496856040962" /></a><br /><b>3/1</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkuc9hAZJapZEvJHlGkwmAdWf7gJ3LKKf2qqRSZnrdxpfbMwMmp-qTVpp8nMBU7Q_eW0PhJER_TA89j5UrNUP4slAXQ5NMOyW0_FD0RZCGaeJj-rXiN5MLzXEA2UTSLPip-Z00T3jQyHk/s1600/20120228+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 127px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkuc9hAZJapZEvJHlGkwmAdWf7gJ3LKKf2qqRSZnrdxpfbMwMmp-qTVpp8nMBU7Q_eW0PhJER_TA89j5UrNUP4slAXQ5NMOyW0_FD0RZCGaeJj-rXiN5MLzXEA2UTSLPip-Z00T3jQyHk/s320/20120228+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715476490075870242" /></a><br /><b>2/29</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2L3jWstMOjr-78TBVMVltOCkLQLJz2paiz_kXJFGf1Vd7jNYmKWy_9mzVsPK_Y0toNB0onbonDVkgpEwIK5gAx0H9Wox2XCicQZqIwelu3MbveRYg6M0OqQKDJdOi51heQc_6Xp30JNE/s1600/20120229+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2L3jWstMOjr-78TBVMVltOCkLQLJz2paiz_kXJFGf1Vd7jNYmKWy_9mzVsPK_Y0toNB0onbonDVkgpEwIK5gAx0H9Wox2XCicQZqIwelu3MbveRYg6M0OqQKDJdOi51heQc_6Xp30JNE/s320/20120229+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715476485541615442" /></a><br /><b>2/28</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZzUUNfxpACV0dpcXVnTFYu8hbT-P9MJ9jP-nu7YD2ghpChPp_89aDE7TZZCybU5HPWiIsdQ-2gw-z8pvNh84ECjBHyW-2rET6dnhExcypjJAIldzjJ-JulMn02qGiBX5rUNkAJK5ZNrM/s1600/20120301+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZzUUNfxpACV0dpcXVnTFYu8hbT-P9MJ9jP-nu7YD2ghpChPp_89aDE7TZZCybU5HPWiIsdQ-2gw-z8pvNh84ECjBHyW-2rET6dnhExcypjJAIldzjJ-JulMn02qGiBX5rUNkAJK5ZNrM/s320/20120301+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715476479150503362" /></a><br /><b>2/27</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIF_JM5q3qhHpthGknEnSu1GAkXBZ4dM4j_D119JLBSZx1dN5DKvr1IPV9Wwv5AGK40gyuxU9NRmkmBQOnzB2XNZo2vSqQpkI_KDcSxlCfCj4NYQeHy8oVqWtrC0pW7vjFZm2foUgSpBo/s1600/20120302+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 153px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIF_JM5q3qhHpthGknEnSu1GAkXBZ4dM4j_D119JLBSZx1dN5DKvr1IPV9Wwv5AGK40gyuxU9NRmkmBQOnzB2XNZo2vSqQpkI_KDcSxlCfCj4NYQeHy8oVqWtrC0pW7vjFZm2foUgSpBo/s320/20120302+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715476474017214834" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com5tag:blogger.com,1999:blog-4049167043965640947.post-80075296822669767622012-03-02T17:22:00.003-08:002012-03-02T17:35:06.335-08:003/2 IBM Calendar (Mar/Jul)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzDjGrva7L3dM77X0l2wiB8HfXfpgwTm0kCVPJ9aYMIu-GXIhgRNvO0I-EdUMhZTmrpzsI_y5qDxMJpGMTXfRQhXo5or2AHzknMY_7gqyt1eH1-pmu7Unax-wXRmQJL2DtSnvi_VV2xYM/s1600/WeeklySummary+-+IBM.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzDjGrva7L3dM77X0l2wiB8HfXfpgwTm0kCVPJ9aYMIu-GXIhgRNvO0I-EdUMhZTmrpzsI_y5qDxMJpGMTXfRQhXo5or2AHzknMY_7gqyt1eH1-pmu7Unax-wXRmQJL2DtSnvi_VV2xYM/s320/WeeklySummary+-+IBM.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715478340978056994" /></a><br />The position gained value this week, IBM bounced around the same level and moved higher on Friday. So far looking good. Here are the pictures day by day:<br /><b>3/2</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOBoTRwB4Q0ne34PX4nvxEcY8Ddw7jLy0HJBgpTILeuvjH67RUJgLpiLml_1VlfaR-noSHCWypUIw_lDqbkmiktsGO-5WSbVFaXV49YhP2kjzhHNYGIGp2BcX7uTP0pnfQpUf8zQo06XI/s1600/20120227+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOBoTRwB4Q0ne34PX4nvxEcY8Ddw7jLy0HJBgpTILeuvjH67RUJgLpiLml_1VlfaR-noSHCWypUIw_lDqbkmiktsGO-5WSbVFaXV49YhP2kjzhHNYGIGp2BcX7uTP0pnfQpUf8zQo06XI/s320/20120227+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715475464663583634" /></a><br /><b>3/1</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpBFY9aIwg8vWQ2lO4GxX3flrRJMNsoytiWK-jSU1JEr91MpKIEZT5IVarlwtACUajx0trtB-zmk1IlU6IjQfQHxT3rm2DKF3aZOhpHF8R0vEg8LwK_a4UAI7sIkxmjzCmQm9oVykmYmg/s1600/20120228+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpBFY9aIwg8vWQ2lO4GxX3flrRJMNsoytiWK-jSU1JEr91MpKIEZT5IVarlwtACUajx0trtB-zmk1IlU6IjQfQHxT3rm2DKF3aZOhpHF8R0vEg8LwK_a4UAI7sIkxmjzCmQm9oVykmYmg/s320/20120228+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715475461425195794" /></a><br /><b>2/29</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLIYKOJBqAM8kZO2bNUXb9XT9QckpR9MyzTt2he1uKJ3jvktC4GDrawCIj_cH3J-uvM9ipa0tC3i39Dfw8Yh-u_kjjGba29wQCoAg3jHScOE1RAPw0OsW9WsChz9qJES-AoVuD4Vauw9Q/s1600/20120229+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLIYKOJBqAM8kZO2bNUXb9XT9QckpR9MyzTt2he1uKJ3jvktC4GDrawCIj_cH3J-uvM9ipa0tC3i39Dfw8Yh-u_kjjGba29wQCoAg3jHScOE1RAPw0OsW9WsChz9qJES-AoVuD4Vauw9Q/s320/20120229+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715475453659368242" /></a><br /><b>2/28</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEFDxpv9-VokGz7rZi5AclxdWI70eTSckLAChxp22o8CqgpBpRZjVyMvr7NPbGpKWEuLsmSVUt1YZQ1zslCNebCaHGfmVROfOJpX_sBjs6VUTpCPFzX1ZVPj5hJU8K82LO80dLbN5YzTU/s1600/20120301+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEFDxpv9-VokGz7rZi5AclxdWI70eTSckLAChxp22o8CqgpBpRZjVyMvr7NPbGpKWEuLsmSVUt1YZQ1zslCNebCaHGfmVROfOJpX_sBjs6VUTpCPFzX1ZVPj5hJU8K82LO80dLbN5YzTU/s320/20120301+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715475448956608738" /></a><br /><b>2/27</b><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVEl5fx_oTXcNrwgu69UpA0s1pUhZjch4ngKx6R9nZSmFmfkBqGixDRPJzzSiSryN_4iguVxywA7E1HLHprcWgL6SFy6bxgJW0Sc7R9MAQb8A_kg0ZGfRvQu_E_3_wuz83nHbXmVTaCDU/s1600/20120302+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 153px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVEl5fx_oTXcNrwgu69UpA0s1pUhZjch4ngKx6R9nZSmFmfkBqGixDRPJzzSiSryN_4iguVxywA7E1HLHprcWgL6SFy6bxgJW0Sc7R9MAQb8A_kg0ZGfRvQu_E_3_wuz83nHbXmVTaCDU/s320/20120302+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5715475442458301666" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-17746225046522751042012-02-26T16:36:00.005-08:002012-02-26T16:45:43.348-08:002/24 NDX Iron Butterfly (MAR)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikmg7ClKCBsP16t0l-cdqOE1tYKvY1aQAezDQTyrPZtuPTL9L5p_wEYJ2fcuvdirv5uRb01MIR3FACPHUv_2gG84qlMHw9qMH-bmbRt5NAf_zDzzjjZ29bAAC6mhYeXR43BnloSK2xA98/s1600/Weekly+Summary+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 242px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikmg7ClKCBsP16t0l-cdqOE1tYKvY1aQAezDQTyrPZtuPTL9L5p_wEYJ2fcuvdirv5uRb01MIR3FACPHUv_2gG84qlMHw9qMH-bmbRt5NAf_zDzzjjZ29bAAC6mhYeXR43BnloSK2xA98/s320/Weekly+Summary+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5713610193680977378" /></a><br /><b>Update</b>: NDX stood still for a while during this week, this allowed the position to recover P/L. Looking better than last week and hopefully will continue to improve next week. Time decay will start kicking in and as long as we don't blast off higher the trade should do well.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZn8p78CxiecENZVmf5euJZ1Pqfhhto_jRlyUEqgQFGjYW4PltUkE571Mq4KZPwqTA-vDUna7iYGSoQgiu8bDLCl8TLOooGZZ1FosCfrykMiLDQyHkQUD1hAJO_r8nwZ0RUksHKJZ-3ug/s1600/20120224+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 134px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZn8p78CxiecENZVmf5euJZ1Pqfhhto_jRlyUEqgQFGjYW4PltUkE571Mq4KZPwqTA-vDUna7iYGSoQgiu8bDLCl8TLOooGZZ1FosCfrykMiLDQyHkQUD1hAJO_r8nwZ0RUksHKJZ-3ug/s320/20120224+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5713607905768801634" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-80736743218100428782012-02-26T16:31:00.002-08:002012-02-26T16:36:16.021-08:002/24 IBM Calendar (Mar/Jul)<b>Update</b>: I had the 3rd portion of the IBM Calendar added this week when IBM crossed the 196 price zone. I was glad to see my contingent orders working, so all I had to do was watch the profile and update the contingent orders for the next levels of adjustments. Hopefully we won't trigger them. :)<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCYf5U_qJR52RkKs3TDjfQrnPN2B-oEO5cBZEmeub9wyW5U76ckIjbgle2S7XwaTrmxDBubYcSWztYyzBcn3b6X0FO3GJTZusMX9K0x17R6Rkv8HPtl5kzsomymNPFU8B20NEOXE7b4DY/s1600/20120224+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 135px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCYf5U_qJR52RkKs3TDjfQrnPN2B-oEO5cBZEmeub9wyW5U76ckIjbgle2S7XwaTrmxDBubYcSWztYyzBcn3b6X0FO3GJTZusMX9K0x17R6Rkv8HPtl5kzsomymNPFU8B20NEOXE7b4DY/s320/20120224+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5713607376350249522" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-1336248612068760892012-02-13T16:13:00.013-08:002012-02-19T11:58:35.936-08:002/17 NDX Iron Butterfly (MAR)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtpGam0vNfalO3Vv8HS2B1r0mNhmTaln5o9AHR9zLjxxvI0PicZNrp4uXZyo7O1jyHttVdKV4YCxzxVOLV3xf_Xz_1qqkRTpG9yaBfrlhyphenhyphenjlhU8tDKYHYlisQoFRGiaCDkgEgW2fhNEs0/s1600/Weekly+Summary+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtpGam0vNfalO3Vv8HS2B1r0mNhmTaln5o9AHR9zLjxxvI0PicZNrp4uXZyo7O1jyHttVdKV4YCxzxVOLV3xf_Xz_1qqkRTpG9yaBfrlhyphenhyphenjlhU8tDKYHYlisQoFRGiaCDkgEgW2fhNEs0/s320/Weekly+Summary+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710938215789042034" /></a><br /><b>2/17 Update:</b> Opened the adjustment butterfly, by re-positioning I cut the deltas by a little bit and give myself more room to the up-side and down-side.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigVQnaVBDnDW9dIS6rRi7T2k8H-XXQSrbUPhU5IWF4x9LcCkkRP_fe8fuQAGCaUE3zKEkh50l_4hKYpa_cRTz_k-fvz7_dvLngyH4QPG0JkN1hXJGYtjKajbwoSoQRsksYtLvKVR7DHeI/s1600/20120217+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigVQnaVBDnDW9dIS6rRi7T2k8H-XXQSrbUPhU5IWF4x9LcCkkRP_fe8fuQAGCaUE3zKEkh50l_4hKYpa_cRTz_k-fvz7_dvLngyH4QPG0JkN1hXJGYtjKajbwoSoQRsksYtLvKVR7DHeI/s320/20120217+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710938205776803138" /></a><br /><b>2/16 Update:</b> NDX went back up and hit the adjustment spot. Contingent orders kicked in and closed the butterfly. Will re-open Tomorrow.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9oRAtH9xkvOhhmUfRoUM4HTU48A1Matvzrwjm0JQOjb7gYaZ1LQldCgte63xOsP59EIeVRj8bKueHT9NKd0eQUVjq5eHZUuYG5kYNTuLbyIbKBJGygBGIIbaDzBLcD144US6xWmPY2Ts/s1600/20120216+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9oRAtH9xkvOhhmUfRoUM4HTU48A1Matvzrwjm0JQOjb7gYaZ1LQldCgte63xOsP59EIeVRj8bKueHT9NKd0eQUVjq5eHZUuYG5kYNTuLbyIbKBJGygBGIIbaDzBLcD144US6xWmPY2Ts/s320/20120216+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710938202046697058" /></a><br /><b>2/15 Update:</b> NDX took a retreat from Today's High, if you ask me the candle chart patterns seems quite bearish. I'm glad my contingent orders are only triggered at end of day, otherwise it would have hit it intra-day Today.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE0bR5bItTWNyL8rOIp66_ZVmTAXvzTq7dv8iC20TUv0w_3w2iT9Nrsb_DQx2go8jRW0nx7_UHjHOKm83dRd47bsWy52BV0FovAi7syFv91TnA9u36kMzo7IWZpBp9dz60HC0XgsYuNnA/s1600/20120215+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE0bR5bItTWNyL8rOIp66_ZVmTAXvzTq7dv8iC20TUv0w_3w2iT9Nrsb_DQx2go8jRW0nx7_UHjHOKm83dRd47bsWy52BV0FovAi7syFv91TnA9u36kMzo7IWZpBp9dz60HC0XgsYuNnA/s320/20120215+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709528486345655906" /></a><br /><b>2/14 Update:</b> NDX was down most of the day, by the final hour all indexes bounced back up and higher.. As of now very close to the adjustment level. <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd4DZxEyWHhwwyy4zLdXcZXWoXu_uqfEvKDJrM2r_ujMPqhzjZdc_5AE_F4zfvBrO1RjK92iQtoyykEhVozijE7Rdd5zRe2WgLi2Foxr9r6H7_C4blv0nNaLrKJ95wRUvlOHkm7Qy4ab0/s1600/20120214+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd4DZxEyWHhwwyy4zLdXcZXWoXu_uqfEvKDJrM2r_ujMPqhzjZdc_5AE_F4zfvBrO1RjK92iQtoyykEhVozijE7Rdd5zRe2WgLi2Foxr9r6H7_C4blv0nNaLrKJ95wRUvlOHkm7Qy4ab0/s320/20120214+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709158172642119522" /></a><br /><b>2/13 Update:</b> NDX moved back higher Today, volatility seems to have dissolved from last Friday, it is again close to the adjustment point. Contingent orders are on stand-by to trigger if needed.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKjDZCFAZrGNdpOHuV_rHcUIrumA8-c1MEnHl7tFuoiGChiytkmPJXjLj0WcCWC7T10dbKb-faTOpDKi58brF_CEOqdII1iwNSC3DUfiatS690Vhx9s9flQLXHKSdT-EBqUCKLdgbNtM/s1600/20120213+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKjDZCFAZrGNdpOHuV_rHcUIrumA8-c1MEnHl7tFuoiGChiytkmPJXjLj0WcCWC7T10dbKb-faTOpDKi58brF_CEOqdII1iwNSC3DUfiatS690Vhx9s9flQLXHKSdT-EBqUCKLdgbNtM/s320/20120213+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708777948294585762" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com2tag:blogger.com,1999:blog-4049167043965640947.post-13266378222751863212012-02-13T16:13:00.011-08:002012-02-19T11:56:23.791-08:002/17 IBM Calendar (Mar/Jul) Weekly Summary<b>2/17 Update:</b> Finished the week in an awesome spot!<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyL3JmLTrBHf7DhJmJBcyLf7cDA8h6PEJK6OdtzyW_7JlF6tTeNyTBMuZN_qg117NHMu5Wo6uIEO857iK7Ek_TLKCP-iW5NPSGueZE6RFQaC4WTdIUveoUtF-UqZKHt8Xa_t38UW_hZFo/s1600/20120217+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiyL3JmLTrBHf7DhJmJBcyLf7cDA8h6PEJK6OdtzyW_7JlF6tTeNyTBMuZN_qg117NHMu5Wo6uIEO857iK7Ek_TLKCP-iW5NPSGueZE6RFQaC4WTdIUveoUtF-UqZKHt8Xa_t38UW_hZFo/s320/20120217+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710937871699932082" /></a><br /><b>2/16 Update:</b> Trade working out well.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkHDRdpBz9jE830jvVg9f6Q78EnSxs2WqsfOqg9plXCAfXsmas80J4Km3EMGmooNPX-ykOpP-1-yrI2H2rT8i6RtlE5u0Vg3YcQ-Qns6idY4axWzoc-fJw7snO9Xa3oQbgYxPC7g4doU8/s1600/20120216+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkHDRdpBz9jE830jvVg9f6Q78EnSxs2WqsfOqg9plXCAfXsmas80J4Km3EMGmooNPX-ykOpP-1-yrI2H2rT8i6RtlE5u0Vg3YcQ-Qns6idY4axWzoc-fJw7snO9Xa3oQbgYxPC7g4doU8/s320/20120216+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710937869289041970" /></a><br /><b>2/15 Update:</b> Keep pumping theta my friendly calendar, keep pumping it :)<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhavZnGRMcsFvO1chdmAzZQOVsWTHIFtlTRIn2-iM-7pytBiFUkiQ9EvlfoWH_LKqJs1cLbTYMYoMYmyHzdGMzYdqJlHCIXN4sVUn8OXWM1b-TqrWMLU5yJThatvvXPqoMeLg-O9aVAnuY/s1600/20120215+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhavZnGRMcsFvO1chdmAzZQOVsWTHIFtlTRIn2-iM-7pytBiFUkiQ9EvlfoWH_LKqJs1cLbTYMYoMYmyHzdGMzYdqJlHCIXN4sVUn8OXWM1b-TqrWMLU5yJThatvvXPqoMeLg-O9aVAnuY/s320/20120215+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709528279903494578" /></a><br /><b>2/14 Update:</b> Looking very good, still in the middle and with 2/3 of the trade on.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggG7Vw4EDZuYDgXpeS-rjWaet3eUwb-wiOO0IdBk9mqrfdqfg3Ovpx43gnFVVMWOmbgcnektY88DbppY7lwMGcOYRjYU9vghhhE5CoA3SNDRO12IE7iV87orsNhwQCa2ZRax3tQs_Unac/s1600/20120214+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggG7Vw4EDZuYDgXpeS-rjWaet3eUwb-wiOO0IdBk9mqrfdqfg3Ovpx43gnFVVMWOmbgcnektY88DbppY7lwMGcOYRjYU9vghhhE5CoA3SNDRO12IE7iV87orsNhwQCa2ZRax3tQs_Unac/s320/20120214+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709157800790662626" /></a><br /><b>2/13 Update:</b> No change, position is accumulating theta and profits, gotta like that!<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBSGUfNV11W8IJ-tx9lSjcJkKc_G3H-Eynu-luDpP7hmLsG_thIwuJtU3Q3UoNOmxxEGh5pforJRLSmT8QoCXW1u_bYTAVtgVBAi2hblXCR-HnPOHMgdDeoq-CkB8P1k0AGTGnNeaHx28/s1600/20120213+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBSGUfNV11W8IJ-tx9lSjcJkKc_G3H-Eynu-luDpP7hmLsG_thIwuJtU3Q3UoNOmxxEGh5pforJRLSmT8QoCXW1u_bYTAVtgVBAi2hblXCR-HnPOHMgdDeoq-CkB8P1k0AGTGnNeaHx28/s320/20120213+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708777720460944866" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-52780185631737427082012-02-13T16:11:00.004-08:002012-02-17T16:19:26.229-08:002/17 IBM Calendar (Feb/Mar) Weekly Summary<b>2/17 Update:</b> Closed the trade for 22% ROI, nice return for the journey.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWnkdbdjP9E-76I2S6sFTeoFUFYyq2Qr6pan48e0Rp9XZQTTZXLh2pjm-MNxWXV8FDkGntyjXl-z28bRTvp84luJ_VObcF96rSnh7AEOxEJLZaV_EZuarsht5O-JHFswoKmO7bbejZ-Tg/s1600/20120217+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWnkdbdjP9E-76I2S6sFTeoFUFYyq2Qr6pan48e0Rp9XZQTTZXLh2pjm-MNxWXV8FDkGntyjXl-z28bRTvp84luJ_VObcF96rSnh7AEOxEJLZaV_EZuarsht5O-JHFswoKmO7bbejZ-Tg/s320/20120217+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710263143349837586" /></a><br /><b>2/16 Update:</b> Plan is to close the trade Tomorrow, IBM in quiet mode<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivZQS53pRNHI-v7AMl8z3IeiVLJsj8fcM3REFvR-tPmr48zTh1aM4gZMJmTCzeSNXA_Dac9mYvusAAbHeSQbKvm4VZNmZ3ZGaM_hzGItCoPK-wkxkObu8pdCfYkhAvh0LEggv9UXKEx0Y/s1600/20120216+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivZQS53pRNHI-v7AMl8z3IeiVLJsj8fcM3REFvR-tPmr48zTh1aM4gZMJmTCzeSNXA_Dac9mYvusAAbHeSQbKvm4VZNmZ3ZGaM_hzGItCoPK-wkxkObu8pdCfYkhAvh0LEggv9UXKEx0Y/s320/20120216+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5710263140211057586" /></a><br /><b>2/15 Update:</b> Getting there, a couple more days to go<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQPoPvYR0YXT8ZQFH4pttHf29EEQlOmUICfGjyzvsvU41sSyDBjCW92CO9skj0y_6ncYyGUMbBCx91AbhunCtBsFGRX-wzkV9J9a5hoTIO9f-in4eicZqaLSboSH-kC6cz4hGZaj69sxA/s1600/20120215+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQPoPvYR0YXT8ZQFH4pttHf29EEQlOmUICfGjyzvsvU41sSyDBjCW92CO9skj0y_6ncYyGUMbBCx91AbhunCtBsFGRX-wzkV9J9a5hoTIO9f-in4eicZqaLSboSH-kC6cz4hGZaj69sxA/s320/20120215+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709528123671394082" /></a><br /><b>2/14 Update:</b> My fingers are itching to close the trade, yet I will be good and follow it the same way backtested: till the final day.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiAw1CIVQUm0VLFp4kHre4bNDWbpZ1j2Wby6WJDt1boMC9xGx5b-VsyW7usOwkFevQHNBgWypIwg1ksKjT8-U-Bfvl2-LpHzNHCThwyNH1vz4FuZGF_G2PGCsDwXD4xwCEW-S8egkYR1E/s1600/20120214+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiAw1CIVQUm0VLFp4kHre4bNDWbpZ1j2Wby6WJDt1boMC9xGx5b-VsyW7usOwkFevQHNBgWypIwg1ksKjT8-U-Bfvl2-LpHzNHCThwyNH1vz4FuZGF_G2PGCsDwXD4xwCEW-S8egkYR1E/s320/20120214+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5709157516842843522" /></a><br /><b>2/13 Update:</b> IBM closed about the same as last Friday, the position is looking good, navigating it expiration week. It has been a long time since I traded a position till the very last week.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwBMg1qbhjpQbUtLT1Cqe-ioF8Lvq3JfNrL85bPeLnz19FFvIgQ3OPCEJvb2cb8g6LW-hvJ0AjIXDOf0k_5vM9g_1jbvBbHm8APhofxr7ghjRJzClbP0K8qQj_9N3A-amWXweguG5BQj8/s1600/20120213+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 127px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwBMg1qbhjpQbUtLT1Cqe-ioF8Lvq3JfNrL85bPeLnz19FFvIgQ3OPCEJvb2cb8g6LW-hvJ0AjIXDOf0k_5vM9g_1jbvBbHm8APhofxr7ghjRJzClbP0K8qQj_9N3A-amWXweguG5BQj8/s320/20120213+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708777387852859650" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com3tag:blogger.com,1999:blog-4049167043965640947.post-58950261710788978712012-02-07T16:39:00.000-08:002012-02-11T17:08:24.777-08:002/10 NDX Iron Butterfly (MAR)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB45MKravC-KWnBWD7ypxQ8e13kolzb_ccrAaeOXdW9b6iBZjezOYB38OlaWkVMw9t6JF-9s7f7qUnsFsuYutMonKxYEy_QvgKLcJoXubAENwed1lXMBtpp2sp8jwC89yrsPlk_wrf3_U/s1600/DailySummary.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB45MKravC-KWnBWD7ypxQ8e13kolzb_ccrAaeOXdW9b6iBZjezOYB38OlaWkVMw9t6JF-9s7f7qUnsFsuYutMonKxYEy_QvgKLcJoXubAENwed1lXMBtpp2sp8jwC89yrsPlk_wrf3_U/s320/DailySummary.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708049461031238306" /></a><br /><b>2/10 update:</b> NDX backed off from Yesterday, yet this move brought some volatility back into the market and it hit the butterfly a bit. Nothing major, just something to keep an eye on.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivKYK6Y_9ynzvcRyYHHYiCE0AsRaSnfiMqNxEbwamwTFsJ52Sbr9o-X1_RmYsu9yxRGUxM8WAQVm5fnf6lqpslmwYyTIT-TKZll_ZIvW97-SBKscSob7_6J_f0ZMocCVlJmaO7Rd2R9aU/s1600/20120210+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivKYK6Y_9ynzvcRyYHHYiCE0AsRaSnfiMqNxEbwamwTFsJ52Sbr9o-X1_RmYsu9yxRGUxM8WAQVm5fnf6lqpslmwYyTIT-TKZll_ZIvW97-SBKscSob7_6J_f0ZMocCVlJmaO7Rd2R9aU/s320/20120210+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708049462645558898" /></a><br /><b>2/9 update:</b> Moved a bit higher Today, other indexes are not following suit, I have contingent orders to close (so I can re-position) the butterfly if we close beyond my adjustment point.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7_7uZ-u65zwrlwSvrT6M92ri4v9N1n5h0ZKQBHTtR4nLAHjgSkD_XHj997WqnHAmY-1dx0JR8CkJWrwBdbP4-wrDz9pdXgodi0y67X1VN1pQAaZKoUyjSlvT-_6dniU9reBc61N3KgGU/s1600/20120209+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 116px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7_7uZ-u65zwrlwSvrT6M92ri4v9N1n5h0ZKQBHTtR4nLAHjgSkD_XHj997WqnHAmY-1dx0JR8CkJWrwBdbP4-wrDz9pdXgodi0y67X1VN1pQAaZKoUyjSlvT-_6dniU9reBc61N3KgGU/s320/20120209+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707317310913917186" /></a><br /><b>2/8 update:</b> Small up move<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNzq7wsyMKApMDJtywbtjPJWYZAU4DqPcYHgd-1EVF3MJTLhrXPekyyNildTETb5FCzt1CLuqE9qc14eKwSfcqD6VcLKbBEam9iKvLCPxkRwF4nv0OPHd344GNOr2rbt5t77VBhzdvEIw/s1600/20120208+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 106px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNzq7wsyMKApMDJtywbtjPJWYZAU4DqPcYHgd-1EVF3MJTLhrXPekyyNildTETb5FCzt1CLuqE9qc14eKwSfcqD6VcLKbBEam9iKvLCPxkRwF4nv0OPHd344GNOr2rbt5t77VBhzdvEIw/s320/20120208+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707317313060642818" /></a><br /><b>2/7 update:</b> No major change from Yesterday<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirkPBinNYDrFr-IGNjbn9Iy9XJ1dJsid-mYVpjAerVJtkWraFugukFo4dX-U25Q2N14eTEop02qBQ95JIJdFoRPdVwOcgboLUbyydYMy2CjGkzH5sv_KzLT4-JedxzQfw7sQxlqCmjr7I/s1600/20120207+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirkPBinNYDrFr-IGNjbn9Iy9XJ1dJsid-mYVpjAerVJtkWraFugukFo4dX-U25Q2N14eTEop02qBQ95JIJdFoRPdVwOcgboLUbyydYMy2CjGkzH5sv_KzLT4-JedxzQfw7sQxlqCmjr7I/s320/20120207+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5706558020239949346" /></a><br /><b>2/6 update:</b> Started the MAR NDX iron butterfly Today.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2PG26YpVs9Dyiq-TZsLNirc97NLit7dHP_rEDscBXh3LOw3IVpqK4QPm5_ZH0ct3nOYLz_roMbzclyYBmXoWxy5P2nAGSoJwAvp2JTnV2kPylcrN5ylORq7bSF6gH5vusdVi8bGsRNls/s1600/20120206+-+NDX.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 118px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2PG26YpVs9Dyiq-TZsLNirc97NLit7dHP_rEDscBXh3LOw3IVpqK4QPm5_ZH0ct3nOYLz_roMbzclyYBmXoWxy5P2nAGSoJwAvp2JTnV2kPylcrN5ylORq7bSF6gH5vusdVi8bGsRNls/s320/20120206+-+NDX.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5706558019920235314" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-14536743802451875202012-02-07T16:37:00.000-08:002012-02-11T17:06:44.155-08:002/10 IBM Calendar (Mar/Jul) Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhi7nDzBkGH1glmRtzpx60JXus0OZXQTxuKD0MWlAYGv9VrktnURfn_nDbF4HKpWl-qV3AojLQtK0TZTtF8BfprZrZGLoxiFEmyeYiVNjn1KGNjVn8KBSC9iXmFC_PpweiANLw9EAS2gyo/s1600/DailySummary+-+IBM.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 242px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhi7nDzBkGH1glmRtzpx60JXus0OZXQTxuKD0MWlAYGv9VrktnURfn_nDbF4HKpWl-qV3AojLQtK0TZTtF8BfprZrZGLoxiFEmyeYiVNjn1KGNjVn8KBSC9iXmFC_PpweiANLw9EAS2gyo/s320/DailySummary+-+IBM.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708049158587357074" /></a><br /><b>2/10 Update:</b> This wraps up the first week of this trade, still a lot of time to go, for now it is looking as good as it gets!<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigLxzRTjkVY0WsSKrrzmKz_kyV1OJ6aid5GJmnafr7ZTEUH8zOArGpnAoBzvaK_-0MnEpmLeVKhms_wLaNIQ1ym6org4qProBUAACACxI5pZLDJHrIwfJd19d7ekWULEAmB3y9wSqSjuQ/s1600/20120210+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigLxzRTjkVY0WsSKrrzmKz_kyV1OJ6aid5GJmnafr7ZTEUH8zOArGpnAoBzvaK_-0MnEpmLeVKhms_wLaNIQ1ym6org4qProBUAACACxI5pZLDJHrIwfJd19d7ekWULEAmB3y9wSqSjuQ/s320/20120210+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708049153232621714" /></a><br /><b>2/9 Update:</b> Always good to see the P/L line growing without major changes in the trade.. It is like watching the grass grow, money grass that is :)<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUArqtYaVuYKJtF4ngjRcNba93dY5KEiKw52L2pN5yydbcqGhwMVB8jI81wymkYXa-SV9ZfWNq0lj9gQpfaAr-97BzhTQ-xvyU_WT7NT7PgIcnJOPTJwSCR01fKng_ocF4FHn2DAdgZys/s1600/20120209+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUArqtYaVuYKJtF4ngjRcNba93dY5KEiKw52L2pN5yydbcqGhwMVB8jI81wymkYXa-SV9ZfWNq0lj9gQpfaAr-97BzhTQ-xvyU_WT7NT7PgIcnJOPTJwSCR01fKng_ocF4FHn2DAdgZys/s320/20120209+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707316931308078210" /></a><br /><b>2/8 Update:</b> No major change <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK9PnURHMV2n4GuqpDpv0sziYE9BV1z8w_yEVJUW4hB5uyDAguj6JH14798QLr3b7SeNy1YS-wCW-foGO3rerYMqzLdRgT2-oMQhMAiAlPYMKVeUlj5vBnj1ijrFtMu5qPMC8Gy_MetMc/s1600/20120208+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 106px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjK9PnURHMV2n4GuqpDpv0sziYE9BV1z8w_yEVJUW4hB5uyDAguj6JH14798QLr3b7SeNy1YS-wCW-foGO3rerYMqzLdRgT2-oMQhMAiAlPYMKVeUlj5vBnj1ijrFtMu5qPMC8Gy_MetMc/s320/20120208+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707316929295211938" /></a><br /><b>2/7 Update:</b> Started the Mar/Jul position Today, because IBM is in the middle of 2 strikes I decided to wait and position the final 3rd of the position if and when it touches 190 or 195. <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKKWxNT0l_gvz6toG0xRU2iJk9x8RPo6Q1dQj8gM4txjc0EAK4WZPf5Zm_psBpRt3HXoyvF4NbgsxMNOff1nU31hPiRUTvdC8HDumCgd2cbccUkApR54BPD1Ml6oPexGTimWWiXkaHjyo/s1600/20120207+-+IBM+Calendar1.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhKKWxNT0l_gvz6toG0xRU2iJk9x8RPo6Q1dQj8gM4txjc0EAK4WZPf5Zm_psBpRt3HXoyvF4NbgsxMNOff1nU31hPiRUTvdC8HDumCgd2cbccUkApR54BPD1Ml6oPexGTimWWiXkaHjyo/s320/20120207+-+IBM+Calendar1.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5706557642343461154" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-114600592397449622012-02-07T16:35:00.001-08:002012-02-11T17:05:31.513-08:002/10 IBM Calendar (Feb/Mar) Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAPubPFWInDelW3bOZfKpnmh0mu6DNzoGVTwmQ4S5Cfu5BLiVA4bHM-lx4DrFbxRHOsZwnbx8OKDE-Kmw7loJoSR6wjl7clkYzk0kB3Qi7H7fpjpYIvlwhAmD8b4vu0rO4l6s3QFyJrUE/s1600/DailySummary+-+IBM.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 242px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAPubPFWInDelW3bOZfKpnmh0mu6DNzoGVTwmQ4S5Cfu5BLiVA4bHM-lx4DrFbxRHOsZwnbx8OKDE-Kmw7loJoSR6wjl7clkYzk0kB3Qi7H7fpjpYIvlwhAmD8b4vu0rO4l6s3QFyJrUE/s320/DailySummary+-+IBM.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708048989538814882" /></a><br /><b>2/10 Update:</b> Looks like we had a pop on volatility and the trade is looking really awesome by the end of this week.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrXUbJcdHn83z5QmmSOsTxDeHUv4eDYn2aBljkhqWpJzGSQWTgnOt0IqXqZ57JKJuio2o4n6z9ExFFJzALjtoKigPFHUK8R5EWDSzX7OuYljrD6b1WAbdR7o55X5YnGc0AX6psFxgUwTM/s1600/20120210+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrXUbJcdHn83z5QmmSOsTxDeHUv4eDYn2aBljkhqWpJzGSQWTgnOt0IqXqZ57JKJuio2o4n6z9ExFFJzALjtoKigPFHUK8R5EWDSzX7OuYljrD6b1WAbdR7o55X5YnGc0AX6psFxgUwTM/s320/20120210+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5708048245791225538" /></a><br /><b>2/9 Update:</b> Looking great Today, I'm riding this through the expiration week<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3bhQmRV83iEBlHigrcDC91RzkbzMAct3LnGA-tZu3svMONVU0HKnM7w22Ggt0m4-hxsMJSWb-JdjuTezA981cbLvRHkdI8lSzI-BOceYRnYaan1G-61sL5aj2l6DXMF8aH0YeWrpVaBk/s1600/20120209+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3bhQmRV83iEBlHigrcDC91RzkbzMAct3LnGA-tZu3svMONVU0HKnM7w22Ggt0m4-hxsMJSWb-JdjuTezA981cbLvRHkdI8lSzI-BOceYRnYaan1G-61sL5aj2l6DXMF8aH0YeWrpVaBk/s320/20120209+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707316091647303138" /></a><br /><b>2/8 Update:</b> Got a rush of adrenaline when I saw an email on my inbox that I had been assigned 600 shares of IBM at 185,, then got myself to cool off. After all, these were hedged with the long APR calls, so I had no reason to panic. When I got a bit of free time I went in there and bought back the 600 IBM shares and sold off the long 185 calls. Turns out whoever assigned me these shares gave me a $400 gift, so thanks! <br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0qSFGqnz8VDD9fQ1cNEmcUqEzUscsk4FD00NVumyuDfhyphenhyphenh7Gmo6Avynws5ouxaJSQMeUdhOckZdjhgnsg2uy8GJWmMof8LayWZbUEr7VaSslrl-ZznX5f4p9kVXk_qTzUFmhIt5TxISU/s1600/20120208+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 134px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0qSFGqnz8VDD9fQ1cNEmcUqEzUscsk4FD00NVumyuDfhyphenhyphenh7Gmo6Avynws5ouxaJSQMeUdhOckZdjhgnsg2uy8GJWmMof8LayWZbUEr7VaSslrl-ZznX5f4p9kVXk_qTzUFmhIt5TxISU/s320/20120208+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5707316088207216690" /></a><br /><b>2/7 Update:</b> No major change from Yesterday, still looking down by a little bit<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiso0qTDY963wmLRs2aB7tK9DS_x37iyUdVZ7V-jmnqptVQefjfV8Cbz0ztXEYDwuI7U50s3KTCtmHQEDixaKYCU5SAdogVyRjMISI1npQhgFZDdeqMFxZ3_mCPLRALUBa1xeYyNvq9MPA/s1600/20120207+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiso0qTDY963wmLRs2aB7tK9DS_x37iyUdVZ7V-jmnqptVQefjfV8Cbz0ztXEYDwuI7U50s3KTCtmHQEDixaKYCU5SAdogVyRjMISI1npQhgFZDdeqMFxZ3_mCPLRALUBa1xeYyNvq9MPA/s320/20120207+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5706557132987542114" /></a><br /><b>2/6 Update:</b> As expected, showing recovery from Friday's P/L state, looks like Friday was a mis-print, either that or a good price manipulation by end of day.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTbDoLwygWVmXZVwGzlTkAr_BGpjfSqK-9D5vJZ2c0Tb-8szaeN0SmbkRB-dh17pQHSFCCCy3CzrW1VCDdNb9Kl6nlcVvEdaiULEer2xPOp2PRGQYlJJwRauvMMZXmiv4LyPj0Agy86I/s1600/20120206+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTbDoLwygWVmXZVwGzlTkAr_BGpjfSqK-9D5vJZ2c0Tb-8szaeN0SmbkRB-dh17pQHSFCCCy3CzrW1VCDdNb9Kl6nlcVvEdaiULEer2xPOp2PRGQYlJJwRauvMMZXmiv4LyPj0Agy86I/s320/20120206+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5706557132826786434" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-89157124631540818902012-01-30T15:43:00.001-08:002012-02-03T16:52:49.186-08:002/3 IBM Calendar - Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8B2os7diwNvO8I3n-y7Ld-GAiQtdiznG242Y2tm6Iy_ptBfKpM5IVkA92oCdvkRHkdFNhXj_f-Gukp6nSQtWZjZKKeInLbhb2gGSOUB_s0lwcDywCbijgDKOp4mU7Aw9TGUvCb3HA3PY/s1600/20120203+-+Weekly+Summary.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 238px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8B2os7diwNvO8I3n-y7Ld-GAiQtdiznG242Y2tm6Iy_ptBfKpM5IVkA92oCdvkRHkdFNhXj_f-Gukp6nSQtWZjZKKeInLbhb2gGSOUB_s0lwcDywCbijgDKOp4mU7Aw9TGUvCb3HA3PY/s320/20120203+-+Weekly+Summary.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5705076225094443954" /></a><br /><b>2/3 Update:</B> I find it hard to follow the P/L on calendars, tracking and estimating volatility on front-month and back-month is very tricky, so the P/L chart gets quite a bit of variation, as of Today it looks to be down again. This tends to be amplified on Fridays.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqWHMHMhEfq-ViOevMRkDoV7lo_aVx4sJchFloqTnr2TstH7zQE5hsBiFQz2_N94QIiyaMKWZadWGSwBI4XRT5kv3YB0_WdVHSj3JPZ87bYxmESK5Oo67aOpvd3Ey9mJY-MiiKoopvYhc/s1600/20120203+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 116px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqWHMHMhEfq-ViOevMRkDoV7lo_aVx4sJchFloqTnr2TstH7zQE5hsBiFQz2_N94QIiyaMKWZadWGSwBI4XRT5kv3YB0_WdVHSj3JPZ87bYxmESK5Oo67aOpvd3Ey9mJY-MiiKoopvYhc/s320/20120203+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5705076221697846882" /></a><br /><b>2/2 Update:</B> I bit of improvement on the position Today, IBM moved back down and it helped the trade<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEtZt4BCDi1fK3RHD-6CcOK6GyWS01jRp-K9P74uu4xDy-JSLlX1DCHfPojjeCUUOETIlCNBo0-QWNNGlO9FFRSCxW8bXDXz1xRiozr6vj_ANah7tZUCQYC9rmTlQPvcRwWV7M3yeQh4g/s1600/20120202+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 123px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEtZt4BCDi1fK3RHD-6CcOK6GyWS01jRp-K9P74uu4xDy-JSLlX1DCHfPojjeCUUOETIlCNBo0-QWNNGlO9FFRSCxW8bXDXz1xRiozr6vj_ANah7tZUCQYC9rmTlQPvcRwWV7M3yeQh4g/s320/20120202+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5704699134714212818" /></a><br /><b>2/1 Update:</B> IBM Moved higher intra-day Today, almost at the 195 level, then it faded in the afternoon. This shows some resistance at those levels and I'm looking for a pull back to benefit the position.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0_R9OrytsYgJaWK_C1D_KXpY6rM1qaQmLJSTk90FGulOKeRo2PWWyZAaXdB-TgT_uQkgNIZoNgH_MXCKlQuV2AfwGdegJEnq83lpPFtlvaTzpK12BbtYvJRjlxnjIK19gfJ06zRA-r58/s1600/20120201+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 122px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0_R9OrytsYgJaWK_C1D_KXpY6rM1qaQmLJSTk90FGulOKeRo2PWWyZAaXdB-TgT_uQkgNIZoNgH_MXCKlQuV2AfwGdegJEnq83lpPFtlvaTzpK12BbtYvJRjlxnjIK19gfJ06zRA-r58/s320/20120201+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5704328201578749154" /></a><br /><b>1/31 Update:</B> No major change on this trade when compared with Yesterday.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2UaI66d5QpmEvIUa64kb3Z51bFvLSB8cVV-krK0n4VOpR8K38yofTvFODHUtgaNYsuaRvSdg7brSy3hfBdto0kDHLdc3N-tZZb8OaumJ-bRNteT-G0JuhKD8ZseJvYsDu3t6ldRcKIBk/s1600/20120131+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2UaI66d5QpmEvIUa64kb3Z51bFvLSB8cVV-krK0n4VOpR8K38yofTvFODHUtgaNYsuaRvSdg7brSy3hfBdto0kDHLdc3N-tZZb8OaumJ-bRNteT-G0JuhKD8ZseJvYsDu3t6ldRcKIBk/s320/20120131+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5703961100686879346" /></a><br /><b>1/30 Update:</B> IBM moved higher Today and it seems volatility on the IBM Calendar didn't drop as much, trading showing very good improvement from last week.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDSL8TQP28-r7lTm1XRaPUz-hsZMzAcHcAj-boqmJmfnsANnEmh6ixcfof7mm7P7fM8OYU2bjsbPBAlZcBHDmeZ-zWwpMTEPp3hY-f3zcMgs4o63nAKPmkSC9nq3Vnqd2uvKqq1bFUnqM/s1600/20120130+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDSL8TQP28-r7lTm1XRaPUz-hsZMzAcHcAj-boqmJmfnsANnEmh6ixcfof7mm7P7fM8OYU2bjsbPBAlZcBHDmeZ-zWwpMTEPp3hY-f3zcMgs4o63nAKPmkSC9nq3Vnqd2uvKqq1bFUnqM/s320/20120130+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5703574949238833570" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-5220378712685163442012-01-26T16:04:00.000-08:002012-01-27T16:23:03.720-08:001/27 NDX Iron Butterfly - Weekly Summary<b>Weekly Summary:</b> I had to close the trade this week, made the mistake of not having contingent orders to stop or hedge the trade and ended up taking a bigger than expected loss (-22% instead of -15%). This impacts my running status and quite a punch to the face. I have since then decided to regroup my efforts and be a lot more diligent moving forward. More on that as I post later on during the weekend.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxB1p5WuRK1ukKxoCZPW1fhMTsV1R4ykLQAR4eMEXuNkCXDOncsk16kaZZTDUn2vAS0DVbKzb_h40GrlLFle7CnZR6mcdguyDYC3LhVqbXA0U4fhLbeoKczu5rsOV677oFFLhvZIavCpI/s1600/DailySummary.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 245px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxB1p5WuRK1ukKxoCZPW1fhMTsV1R4ykLQAR4eMEXuNkCXDOncsk16kaZZTDUn2vAS0DVbKzb_h40GrlLFle7CnZR6mcdguyDYC3LhVqbXA0U4fhLbeoKczu5rsOV677oFFLhvZIavCpI/s320/DailySummary.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5702471317390515410" /></a><br /><b>1/26:</b> Took a 22% Loss instead of a 15% loss by not closing the trade with a contingent order at the right stop point. This is the lesson to be learned during this cycle. Back to the drawing board.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGBdCNOnwojXccZe7Fe8e7R4n8xWjXIzP47MTb9OGiD3fAAaRH5mYztOorJLYfVQJyjDs4A0-5YsXfVbCvCrm37v2QrRaTNdeEXkC7henlfYIjzpvQj8gSiDZG8VYfmKhBUuxuTOSLIeA/s1600/20120126+-+NDX+Iron+Butterfly.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 125px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGBdCNOnwojXccZe7Fe8e7R4n8xWjXIzP47MTb9OGiD3fAAaRH5mYztOorJLYfVQJyjDs4A0-5YsXfVbCvCrm37v2QrRaTNdeEXkC7henlfYIjzpvQj8gSiDZG8VYfmKhBUuxuTOSLIeA/s320/20120126+-+NDX+Iron+Butterfly.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5702096039006893570" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com2tag:blogger.com,1999:blog-4049167043965640947.post-31389631337333478912012-01-26T15:59:00.000-08:002012-01-27T16:20:09.630-08:001/27 IBM Calendar Weekly Summary<b>Weekly Summary:</b> I had to do another adjustment this week when IBM went through the roof after earnings. The trade took a 3 st. deviation move and still showing possibility of profits.<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmy97Fkz2PuGRPEIQUVWCeH4-nNtwyW1FRj72Mx-FMOX9EmI3mQ3bZ8ezRQtmSQm0iCZH1bx4JIZpV65xBVc_4YmQCjRXsozjnLJocSHJumh7UB_Em6B0bIjKDc_6IeHQTQvEUawbaw1E/s1600/DailySummary+-+IBM.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 243px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmy97Fkz2PuGRPEIQUVWCeH4-nNtwyW1FRj72Mx-FMOX9EmI3mQ3bZ8ezRQtmSQm0iCZH1bx4JIZpV65xBVc_4YmQCjRXsozjnLJocSHJumh7UB_Em6B0bIjKDc_6IeHQTQvEUawbaw1E/s320/DailySummary+-+IBM.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5702470734330082738" /></a><br /><b>On 1/27:</b> IBM retreated a bit more and vols have increased a bit, which helped the trade, note it is showing slight better numbers than Yesterday<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitQyLPvZ7fS9g5_jTROXp3upf6HlyDJztiK6pywQVWPEuh4UNqltj6tJsv8BMx6JSU8OReFCl8nUawu1G0_JC2IQ63RMZ_j9-bKPM6q3opg2MB-fG8MRrYT03jwJjwdKY5fpZl7vNkRyc/s1600/20120127+-+IBM+Calendar.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 126px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitQyLPvZ7fS9g5_jTROXp3upf6HlyDJztiK6pywQVWPEuh4UNqltj6tJsv8BMx6JSU8OReFCl8nUawu1G0_JC2IQ63RMZ_j9-bKPM6q3opg2MB-fG8MRrYT03jwJjwdKY5fpZl7vNkRyc/s320/20120127+-+IBM+Calendar.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5702470414511651138" /></a><br /><B>On 1/26:</b> After performing 2 adjustments on this trade, it still shows possibility for small profits 2 to 3 weeks away<br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF_gTI0tyoQ0UqNoCx3oETj5AhTfN1v5n3iwlA_o1hxL375vM09YroPDAOnfnzPE5L6qsgpq6EL5l8TP__j2L-aGmq43h1XbuRWMWyxIQOltNIiKIISfAsV0oIXhvTlzaipbDhus1nyzk/s1600/20120126+-+IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 320px; DISPLAY: block; HEIGHT: 126px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5702094925522255154" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF_gTI0tyoQ0UqNoCx3oETj5AhTfN1v5n3iwlA_o1hxL375vM09YroPDAOnfnzPE5L6qsgpq6EL5l8TP__j2L-aGmq43h1XbuRWMWyxIQOltNIiKIISfAsV0oIXhvTlzaipbDhus1nyzk/s320/20120126+-+IBM+Calendar.png" /></a>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-81443109363788932602012-01-22T11:00:00.000-08:002012-01-22T11:07:16.508-08:001/20 Weekly Summary<img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 293px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5700534352391468594" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0frA_EojkOSyVj8L0T8PWMj5FBWUGvQkjn4BhsiyABkDSEkFXLMUemIQuAf704VLCCQXSDLvBQKFrfLTNCeVNuNGj1gP91ATu2VT6NWvRSg7IqEo3vo_I-F8UFP-GyBA2NiiEY9zplew/s400/DailySummary.png" /><br /><BR><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPS87t7oQHLS3emxuzyCexo_Ohhlq84Eq7wy3722Km1rSnn7e2W4sPAbIo_ZraAi2DA3N3NjYkmtd0kveqgcFQ45ebjLaGvkZoiEtIeDUqoeYWR_1O3H8O3mLNMrYp9SYNpC-AWVKuNnw/s1600/NDXIronButterfly.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 235px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5700534343977201714" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPS87t7oQHLS3emxuzyCexo_Ohhlq84Eq7wy3722Km1rSnn7e2W4sPAbIo_ZraAi2DA3N3NjYkmtd0kveqgcFQ45ebjLaGvkZoiEtIeDUqoeYWR_1O3H8O3mLNMrYp9SYNpC-AWVKuNnw/s400/NDXIronButterfly.png" /></a><br /><BR><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_RdHZZmmyhpH7Jb9WZdFNo3SotvwZEdRELSQDhGo-631Rcd8gR-J2LuPlJbpaD5IuvHW8DN0PahqxPp6VsFt9XhdbXtF9q1ZA010m-FYs387IW9p64KPpAQei4RC6lL-KK5T2QHZ-rnU/s1600/IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 235px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5700534337698038818" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_RdHZZmmyhpH7Jb9WZdFNo3SotvwZEdRELSQDhGo-631Rcd8gR-J2LuPlJbpaD5IuvHW8DN0PahqxPp6VsFt9XhdbXtF9q1ZA010m-FYs387IW9p64KPpAQei4RC6lL-KK5T2QHZ-rnU/s400/IBM+Calendar.png" /></a> This was a very rough week for my positions. The JAN/APR IBM Tripple calendar hit max loss and as much as I hated, I had to pull the plug on it. NDX Iron Butterfly in trouble as well, it seems the market moved up but vols didn't come back down as much as I expected so I need to enter the 3rd set of contracts to make a slight adjustment (at least bring in theta). Last but not least, the IBM had a big jump on Friday and I had to go in and adjust the FEB/APR tripple calendar.<br /><BR><br />All and all, a rough week. I'm still on the FEB positions and am looking forward to some retracement/pull back so I they can recover. Needless to say, this was one of the difficult weeks. For now there is not much else to do rather than entering the NDX adjustment on Monday and keeping a close eye on the trades.Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-60361826825196198722012-01-15T14:39:00.001-08:002012-01-15T14:43:43.838-08:00FEB/12 Entry Study Sheets<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn1ZXe57zjY34uY1dOBz0BGwTc-3uIEJz7W95C1vQzwoRHS-GJY4AOeAp7-fGP02jXnrJnx2IRubksLgIEXbFOs5zMkoEPlfiHbTVola0DU2WCM3wdzs5ChezFMlc4CJAOr2Zfp-onf2w/s1600/Pre-Entry+Study+-+NDX.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 315px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697992295902808642" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn1ZXe57zjY34uY1dOBz0BGwTc-3uIEJz7W95C1vQzwoRHS-GJY4AOeAp7-fGP02jXnrJnx2IRubksLgIEXbFOs5zMkoEPlfiHbTVola0DU2WCM3wdzs5ChezFMlc4CJAOr2Zfp-onf2w/s400/Pre-Entry+Study+-+NDX.png" /></a> <br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5O9HHkQ7sb2PoysDi8OLlIvFdOQjieALsuOPiRVsa914Ws_gZnHTi2I2Hp0ZFhg051x_iDeWJO1M8XybkuHN_33jb1fgh3krQWn3g5udmQGueJMSH9yQzSajWzhwkhhie1AtmLPFtRow/s1600/Pre-Entry+Study+-+IBM.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 317px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697992291453273058" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5O9HHkQ7sb2PoysDi8OLlIvFdOQjieALsuOPiRVsa914Ws_gZnHTi2I2Hp0ZFhg051x_iDeWJO1M8XybkuHN_33jb1fgh3krQWn3g5udmQGueJMSH9yQzSajWzhwkhhie1AtmLPFtRow/s400/Pre-Entry+Study+-+IBM.png" /></a>These are the two Pre-Entry study sheets I developed, I used these to check both NDX and IBM prior to entering my positions for FEB/12 contracts. What I'm looking for is any sort of indication that things might be out of wack. I've noticed that using this sort of perspective while backtesting gave me good insights as to when I'd be entering a position in normal vs. stormy market conditions, this allowed me to thing about entering all at once or scaling into the position as a strategy. </div><br /><div></div><br /><div>Like I said, this is just an indication, at least a way to "check the temperature" before going into the trade. Won't predict the future or anything, just give us an indication of how is the market before jumping in.</div><br /><div></div><br /><div>Cheers!</div><br /><div>Gustavo<br /><br /></div><br /><div></div>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-16653439015637907002012-01-15T07:10:00.000-08:002012-01-15T07:15:28.797-08:001/13 Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX5blJfCswY32cTyNX5GsuP_3dYWldxQA5JUS5ej6_MG6mTAjxdP7DuU1roS3gGh28Ia2XGrmk-sGj2Mg_7Ov9PHk9aUvKJ8Pu5p0u1ImuSMQ1a_vl7dnGYUnWcCKqyRNgL_zMeAVoyQQ/s1600/DailySummary.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 304px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697876759110405810" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX5blJfCswY32cTyNX5GsuP_3dYWldxQA5JUS5ej6_MG6mTAjxdP7DuU1roS3gGh28Ia2XGrmk-sGj2Mg_7Ov9PHk9aUvKJ8Pu5p0u1ImuSMQ1a_vl7dnGYUnWcCKqyRNgL_zMeAVoyQQ/s400/DailySummary.png" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFXdqEcYolcBHqiv7pr1QqsN0uLf6uwVYn0MJzcJhWLd3Gdf_WZ-Jbk0Vbdn8lWgNCl9sQwPfdsmGUesrrmx1PHYkxW8bAtO0yEb52YCvd0NC2E_JJMU_S9bKobs3yiZOnYBxiCKcANA4/s1600/NDXIronButterfly.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 153px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697876751709018322" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFXdqEcYolcBHqiv7pr1QqsN0uLf6uwVYn0MJzcJhWLd3Gdf_WZ-Jbk0Vbdn8lWgNCl9sQwPfdsmGUesrrmx1PHYkxW8bAtO0yEb52YCvd0NC2E_JJMU_S9bKobs3yiZOnYBxiCKcANA4/s400/NDXIronButterfly.png" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib5-gqvbu4EPi0eHwJpiMCNTzgff3l_wzc_dSjTf04ZNpNYCG8aoYjvOWAUTHZOFKc8AFM6SE7NsaVeTXqh5iPsCQ51x0g_FxLgmg5lr9WsWq90wEybR-MJK7oGnszV7TfdJu1ax8HCiU/s1600/IBM+Calendar-1.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 153px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697876747979193330" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib5-gqvbu4EPi0eHwJpiMCNTzgff3l_wzc_dSjTf04ZNpNYCG8aoYjvOWAUTHZOFKc8AFM6SE7NsaVeTXqh5iPsCQ51x0g_FxLgmg5lr9WsWq90wEybR-MJK7oGnszV7TfdJu1ax8HCiU/s400/IBM+Calendar-1.png" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4t89weD6FVHcbUoj0Grp-vOKC8qspKCqJX9SL8ZJcBZPOqz9kik7eRhRL1L32WZxgaJMTS5I4a9LyZKMuFF2ZE-YHmTaGK0fAV_rQJ7RUy-RyOH73v8Z4a4XAIkaWkt1BaDeGhWCLlTg/s1600/IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 152px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5697876741681478642" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4t89weD6FVHcbUoj0Grp-vOKC8qspKCqJX9SL8ZJcBZPOqz9kik7eRhRL1L32WZxgaJMTS5I4a9LyZKMuFF2ZE-YHmTaGK0fAV_rQJ7RUy-RyOH73v8Z4a4XAIkaWkt1BaDeGhWCLlTg/s400/IBM+Calendar.png" /></a><br /><br /><p>This week I entered the FEB positions, both the NDX Iron butterfly and the IBM Tripple calendars. I was traveling Monday and was only able to put the trades on Wednesday. Notice I entered the NDX iron butterfly with 2 thirds of my total capital, leaving space for adjusting. I also entered only 1/2 of the IBM calendars, this was mostly due to time constraints to be honest I got busy and didn't follow through to complete the position. The JAN IBM tripple calendar is still on, I will exit it next week, my plan is to take it off by expiration Friday.</p><br /><p>I also used a different spreadsheet to evaluate how much to allocate on the trades, I will post a separate blog entry for you to review the study I'm looking at before entering my trades in 2012.</p>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-40975521958583292142012-01-07T06:06:00.000-08:002012-01-07T06:11:07.841-08:0001/06 Weekly updateThis week's update will not have any of the charts, we just moved to South Florida and have no Internet connection as of yet. The IBM calendar seems to have moved very little, I have a feeling a lot of the volatility was taken out of the position Friday. I'm still learning how the calendars work, most of the P/L is driven by volatility on the back and front month option contracts, so it is still a learning process for me, that being said, my guess is that if one had entered a calendar during the last minutes of trading on Friday, he/she would be likely to see profits on Monday, I'll study to see how this works out.<br /><br />For now, the first week of the year was not very active, the market seems to have moved very little, let's see if we find some stability for a change.<br /><br />Cheers!<br />GustavoGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com2tag:blogger.com,1999:blog-4049167043965640947.post-50611349160112870182011-12-31T20:37:00.001-08:002012-01-02T10:07:34.700-08:0012/30 Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9A3lj7j0bmGt334cAXO3ET9YbGO6DnYRbZBEXtIS2RkpXLcj-kRUXvccb3qip3YZbeJmaoN56wsWKzCUB5FNgmIBbsvwTs9jxdYNWV-ElWiWJO42ESBd3V49NRO9gE__ZGsSu6mYBh3g/s1600/DailySummary.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 304px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5693097732818948114" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9A3lj7j0bmGt334cAXO3ET9YbGO6DnYRbZBEXtIS2RkpXLcj-kRUXvccb3qip3YZbeJmaoN56wsWKzCUB5FNgmIBbsvwTs9jxdYNWV-ElWiWJO42ESBd3V49NRO9gE__ZGsSu6mYBh3g/s400/DailySummary.png" /></a><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWefeA8jbgXLh48N3cAXUkAmpTkQj9Z25_fogRk39dWQEJTfNzQ2R2XSithoOwu4F_tnl4Do_verWDBq9909Jy60ZqAocxn-nl33-1pnbNVhTaXcr5rXA1_Uyo_fzTFB0JDC1xBw1A-HU/s1600/IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 157px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5693097727313583746" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWefeA8jbgXLh48N3cAXUkAmpTkQj9Z25_fogRk39dWQEJTfNzQ2R2XSithoOwu4F_tnl4Do_verWDBq9909Jy60ZqAocxn-nl33-1pnbNVhTaXcr5rXA1_Uyo_fzTFB0JDC1xBw1A-HU/s400/IBM+Calendar.png" /></a><br />Last update of the year! First of all, let me wish a happy 2012 to all of you! Let all of us be happy, healthy and wealthy in 2012!! Now, as to the current position, the IBM calendar recovered during the week and I'll keep the trade on as per plan. This has been a slow week on the trading side, but very busy with preparations for our move. We are moving next week, so my next posting will be out of Florida!<br />Cheers!<br />GustavoGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-7963112062625509802011-12-27T21:14:00.001-08:002011-12-27T21:26:20.408-08:0012/23 Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuKMiZ6c9KatAlyciR4kUKLy2gc7ZR6_ZkYKjhdRZ51U0moUIY7qALUjzAEboJAu0IvoQy43LpkFCwK_3SB7x-AHrMGYvNuHUoAWC-zhioM-oCt_QjFSp40bUr9tHoogvVpM0kn67WdWA/s1600/DailySummary.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 303px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5691043479862553010" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuKMiZ6c9KatAlyciR4kUKLy2gc7ZR6_ZkYKjhdRZ51U0moUIY7qALUjzAEboJAu0IvoQy43LpkFCwK_3SB7x-AHrMGYvNuHUoAWC-zhioM-oCt_QjFSp40bUr9tHoogvVpM0kn67WdWA/s400/DailySummary.png" /></a> <br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6VQDn5KgzQfnRKp8TTzpxsI62SFvR5lHKrkyiMasedsCX8ngj9aFf3AaJ91BOM71odCeN2lfiOMmC_MGffyeoRiAXqcr6pcmUj0R1s1SfPYkhoEHbkMdInNeTzdBRe50QRXrWxj30lks/s1600/IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 131px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5691043479124365362" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6VQDn5KgzQfnRKp8TTzpxsI62SFvR5lHKrkyiMasedsCX8ngj9aFf3AaJ91BOM71odCeN2lfiOMmC_MGffyeoRiAXqcr6pcmUj0R1s1SfPYkhoEHbkMdInNeTzdBRe50QRXrWxj30lks/s400/IBM+Calendar.png" /></a>This past week was very good for the NDX Iron butterfly, I was able to get out of the position at my profit goal by end of day on Monday the 19th. Considering I started the trade on the 14th, that's super fast!<br /><br />On the flip-side, the IBM tripple calendar took a hit when IBM hit 180 on the 21st, the position is underwater and close to its stop loss, I'm monitoring and if need be will shut it down.<br /><br />As for this week, no new trade to enter. We are moving from California to South Florida next week, so as you can imagine, there are quite a few things for us to do. For now just keeping a close eye on the IBM calendar.<br /><br />Cheers and Happy New Year!</div>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com5tag:blogger.com,1999:blog-4049167043965640947.post-68732641517806956722011-12-18T07:20:00.000-08:002011-12-18T07:23:51.260-08:0012/16 Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpPB1cdIm9xRLLINr7NfknCH4iqLyikr-HQ3jjHIYtPhoY1xmF7EzYxZqbMYF-DcYk_DxZtOoTL2IdLN__Qfq2evLMNms3HMNYHWjZcEqPg4kfwFCUTtlXuf7h4pgnP9XYmXRyMMUPPCc/s1600/DailySummary.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 303px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5687488860295477778" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpPB1cdIm9xRLLINr7NfknCH4iqLyikr-HQ3jjHIYtPhoY1xmF7EzYxZqbMYF-DcYk_DxZtOoTL2IdLN__Qfq2evLMNms3HMNYHWjZcEqPg4kfwFCUTtlXuf7h4pgnP9XYmXRyMMUPPCc/s400/DailySummary.png" /></a><br /><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ0HcvBdP6lqwo-j_bwmgEgDRcUJgGGvmlw5iMRSgdDwYnftMC4_exE5dQeli9cTEBnCbAs3a4wPuXjLBKlcOeSVfATwN5zyblgqSgoFhxDWU9__Klg9wk2B-saCSy8DW3Ap47f5TCUEc/s1600/NDXIronButterfly.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 157px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5687488849025607522" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ0HcvBdP6lqwo-j_bwmgEgDRcUJgGGvmlw5iMRSgdDwYnftMC4_exE5dQeli9cTEBnCbAs3a4wPuXjLBKlcOeSVfATwN5zyblgqSgoFhxDWU9__Klg9wk2B-saCSy8DW3Ap47f5TCUEc/s400/NDXIronButterfly.png" /></a><br /><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWdEJrb0AXseeBgB6kWRBxEkzc3PAvuty2idoptIRa6DWnr-3e67PgccVjkU_QMRBjNRVm6QPr88O3vJR26WV3tDXAXsk2aKIiedags2BuNCXOuDvYCdbV-t3Kc5HK0gS3QWrTujXRSIg/s1600/IBM+Calendar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 158px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5687488846450454578" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWdEJrb0AXseeBgB6kWRBxEkzc3PAvuty2idoptIRa6DWnr-3e67PgccVjkU_QMRBjNRVm6QPr88O3vJR26WV3tDXAXsk2aKIiedags2BuNCXOuDvYCdbV-t3Kc5HK0gS3QWrTujXRSIg/s400/IBM+Calendar.png" /></a> Got my two positions for the JAN/12 expiration cycle this week. After evaluating our trading goals for 2012 we have landed on keeping it simple and staying the course with only a few strategies. So I'm going to focus on the IBM triple calendar and the NDX Iron Butterfly (with less adjustments). </div><br /><div></div><br /><div>Cheers!</div><br /><div>Gustavo<br /><br /><br /><br /><br /><br /></div><br /><div></div></div>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com2tag:blogger.com,1999:blog-4049167043965640947.post-83065458774371908662011-12-08T21:00:00.000-08:002011-12-08T21:02:30.216-08:0012/8 Weekly Summary<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjClmHdHJBgvY2ETfOUQRFmTHo3H2sZ0C-R10-MC1y79v9sN1JT2CB6cdIujqeMaTqLJ1Af1YzyhINZeKmHr0Q0Z3o7yIFEetXx4DNUKnJMQFPYD8who1gSJ1H-YHKW-GTMgd0xpf9PTkM/s1600/DailySummary.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 302px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjClmHdHJBgvY2ETfOUQRFmTHo3H2sZ0C-R10-MC1y79v9sN1JT2CB6cdIujqeMaTqLJ1Af1YzyhINZeKmHr0Q0Z3o7yIFEetXx4DNUKnJMQFPYD8who1gSJ1H-YHKW-GTMgd0xpf9PTkM/s400/DailySummary.png" alt="" id="BLOGGER_PHOTO_ID_5683989111665834002" border="0" /></a>Posting my weekly update a day earlier as I will be out of pocket for the weekend. Today I closed all my last remaining cash-secured put positions, they were all profitable at or around my profit goal. Last week I took out the NDX iron butterfly. For the JAN-2012 cycle I plan on rolling the cash-secured puts, a NDX Iron Butterfly (entering with 1/2 of the position size) and an IBM triple calendar.<br /><br />Cheers!<br />GustavoGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-25972240585104697922011-12-04T20:19:00.000-08:002011-12-04T20:25:02.109-08:0012/02 Weekly Summary<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPHnoAA4yM4DtdTD8fVrJx9GP5oTyGu5jqV6OLmTiygwgReFiBOtEMsHNizJlEskmS8BuPmWefcC9d_NV5JbGIGfIqP9x6HIDzr2_OkjvwKwZMsUuSqPZ7_VwVKXVFX7ZRc23w8LRPkXk/s1600/DailySummary.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 303px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPHnoAA4yM4DtdTD8fVrJx9GP5oTyGu5jqV6OLmTiygwgReFiBOtEMsHNizJlEskmS8BuPmWefcC9d_NV5JbGIGfIqP9x6HIDzr2_OkjvwKwZMsUuSqPZ7_VwVKXVFX7ZRc23w8LRPkXk/s400/DailySummary.png" alt="" id="BLOGGER_PHOTO_ID_5682494233140277330" border="0" /></a><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCGNCai-etLAVjV3j7Y7MO-JLyUAfRfi6yPd9d4m1Cgl1bUtNUYNTPD6n18tuGWX7ZbyUjG_C2UOHjSqmA-JLa32eUYcw4yb6ysVWyByInEntA3fTPgWXO9SG2d1sGGSxcCq9Gmy7DF_4/s1600/Positions.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 233px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCGNCai-etLAVjV3j7Y7MO-JLyUAfRfi6yPd9d4m1Cgl1bUtNUYNTPD6n18tuGWX7ZbyUjG_C2UOHjSqmA-JLa32eUYcw4yb6ysVWyByInEntA3fTPgWXO9SG2d1sGGSxcCq9Gmy7DF_4/s400/Positions.png" alt="" id="BLOGGER_PHOTO_ID_5682494137758258066" border="0" /></a>This week was good for all my positions, first with the NDX iron butterfly, I took it out this week when the market rallied back and it got to my profit goal (around 10%). Now, for the cash-secured puts, they are looking good and I may start trimming them down this week week as some of them are approaching very close to the profit targets (about 90% of the credit, or 1% of the margin value).<br /><br />I mentioned in a few postings that I have been looking for much more of a no-touch trading strategies, and to be honest the most challenging part of trading is what happens when your position starts to be under water.. Controlling the urge to not look at the market every 10 to 15 minutes is not easy, at least not easy to me. So I have some controlling to do last week and was very glad I was able to keep my cool and only adjust at the time of day and price levels I had originally planned. I think just by being aware of that it helped me to stay on control and manage the anxiety.<br /><br />Other than that, we are getting ready for the Holidays!<br />Cheers!<br />GustavoGustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0tag:blogger.com,1999:blog-4049167043965640947.post-23344816242889386812011-11-27T15:20:00.000-08:002011-11-27T15:25:11.922-08:0011/25 Weekly Summary<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYJmZ4E9AogBkKntYBpf5rJuo6S-jfk87qw6MykRmX_tisEzCiHRBstZh4qHiIU71bENLVG4Pd1xjMt7rxxCwh_poA1WmBjpeFBTR4M9lV0Fh6ngYH0OOmYmRm08mks4C8_E7aH5BXX6Q/s1600/DailySummary.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 303px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5679820404807915138" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYJmZ4E9AogBkKntYBpf5rJuo6S-jfk87qw6MykRmX_tisEzCiHRBstZh4qHiIU71bENLVG4Pd1xjMt7rxxCwh_poA1WmBjpeFBTR4M9lV0Fh6ngYH0OOmYmRm08mks4C8_E7aH5BXX6Q/s400/DailySummary.png" /></a> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQFZs6lAIEBzzEWSLoRD9GbNib94vGesmUV8NX2HQhU7AWqygwbMct8vBdJZGTgolnuRxzVQblLSpR5mJJV0BmPK4q_fK8ZC8WvSv0kx74Zt5AxqRbgoHB_LOygLGG7r_f9i67BDfURWM/s1600/Positions.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 234px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5679820395554741762" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQFZs6lAIEBzzEWSLoRD9GbNib94vGesmUV8NX2HQhU7AWqygwbMct8vBdJZGTgolnuRxzVQblLSpR5mJJV0BmPK4q_fK8ZC8WvSv0kx74Zt5AxqRbgoHB_LOygLGG7r_f9i67BDfURWM/s400/Positions.png" /></a><br /><div><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirC9iqu9zXoClYMOyTaMk7eQlinlrAIGZL-MQw_wSaad5ftfcm4qUDnBPaxnfLHG-t5XxsaElc09QNgjFLtB1QKHnbem6jLija9dxQy6r3SBGQKYdjhrMMHKMmNBzjShkSXbQhhv8TfKU/s1600/NDXIronButterfly.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 154px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5679820392091109522" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirC9iqu9zXoClYMOyTaMk7eQlinlrAIGZL-MQw_wSaad5ftfcm4qUDnBPaxnfLHG-t5XxsaElc09QNgjFLtB1QKHnbem6jLija9dxQy6r3SBGQKYdjhrMMHKMmNBzjShkSXbQhhv8TfKU/s400/NDXIronButterfly.png" /></a><br /><div>The short week for Thanksgiving holidays was harsh on my positions, we had a lot of down-side pressure and most of the trades took a hit on P/L. I added another Iron Butterfly to the NDX trade, this is the adjustment I have decided to do in order to keep this trade as close to no-touch as possible. On the bright side, the volume was very light and due to this being a Holiday week a lot of the heavy traders were not in this action, so let's see what next week bring. </div></div></div>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com3tag:blogger.com,1999:blog-4049167043965640947.post-4080962064024602182011-11-19T17:10:00.001-08:002011-11-19T17:13:38.013-08:0011/18 Weekly Summary<img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 303px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5676879231153855458" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqUPg2s0xRFoRfu6KWNfYvoSP3gAQ3D9Dv2tK1SpEylqcqa4QyLJZ7e_tO6VGQJhnliZpHzoQrizeZfrmu9bLM6OsXnvV6YC1KSLdzVkgfECBGpIohT5tnPyjQau6JbVLzTbyJ8o0FKSs/s400/DailySummary.png" /><br /><br /><div><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 233px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5676879232208734642" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg59jme2DjrPtrmOWtsygmSFz9En8lMWF-JSpV0YY4b3_kc0_Jpu9ZFKCHlmHyA_DP6vzmDUwRSnBVHmPsZ_6ZPeEGPR3f5FzmxqOxQ-sKLm8Gwuxk9eEFBVAQJgc_KZrPvE3hYZ7gmofk/s400/Positions.png" /><br /><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAk_aF0XIGL0Js_qwEKmxTnxJEBA1uA7RTt3BCyXAJCS1q059oggPAfTLZF7MJ6xz9bC_-AL3apzP0bI_GVXuQfvFnWMzZEmy_LcnLs5oLmiwgS2h9xOA54W86vLRCmFKppdO2nShlocc/s1600/NDXIronButterfly.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 240px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5676879228360972498" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAk_aF0XIGL0Js_qwEKmxTnxJEBA1uA7RTt3BCyXAJCS1q059oggPAfTLZF7MJ6xz9bC_-AL3apzP0bI_GVXuQfvFnWMzZEmy_LcnLs5oLmiwgS2h9xOA54W86vLRCmFKppdO2nShlocc/s400/NDXIronButterfly.png" /></a> Looks like the market took a bearish instance this last week, in the past 10 days we had a few 1+ standard deviation days to the negative side and very few positive days to show for on both the daily and the 5-day spike charts. On the portfolio the positions are doing well with no need to adjust anything this week. Only adjustment in sight for the NDX is to add another butterfly if we hit the down-side adjustment level.<br /><br /><br /><br /><br /><br /><div></div></div></div>Gustavo's Tradeshttp://www.blogger.com/profile/10318651374855413975noreply@blogger.com0