Facebook page

I've just created a Facebook page to build a community of people around the options trading strategies and ideas I'm using on my trading business. My goal with this page is to publish information in a more informal way, even if they're not related to the strategies I'm using, perhaps talk about charts, patterns, etc..

I also like the idea of learning from others, listening what you have to say, etc..

I hope that you can join the page, and looking forward to hearing your feedback, input, comments, etc.. Just like starting any new position in the market, we shall see where it goes..

I've added a box to the right, you can click on "Like" and it will add it to your Facebook stream so we can stay connected.

Take care!
Cheers!
Gustavo

10/29 Daily Summary

It seems that volatility is the issue for this past week, price action is not that active but due to the wide intra-day swings and the proximity of the FMOC (Tuesday), market makers are pushing the volatility higher on my short contracts, this is making the position look worse than it should. I will be looking at it in more details over the weekend to see exactly what this looks like for the contracts I have in place.
Cheers!
Gustavo

10/28 Daily Summary

Market kept working its way up once again Today, seems like the bearish candle formation are piling up.. No matter what it does, I'll follow it and work my way into profits this month.

10/27 Daily Summary

No major change Today either, market keeps crawling up after bouncing back down in the morning, I guess the trade is holding my profits out by a few points by pushing it higher without a drop in volatility. This could be related to the FMOC announcement next week: market makers keeping the vols higher to drop them like a stone after the announcement... It is like a market-wide earnings report.. I'm navigating through it, let's see how it goes.

10/26 Daily Summary

Nothing much to say, except that volatility went up Today due to this morning's gap down.. even though we traded back up during the day, this swing kept volatility higher and this is keeping my profits out for now. The position is doing good and no major change on my game plan from Yesterday, except a few changes on PL due to the volatility spike.

10/25 Daily Summary

We went beyond my 2120 area and I added the extra long NOV call as planned, the contingent orders triggered and now the trade is back to B/E, I usually try and avoid using this long call if the market goes straight down from my entry then great, if we bounce up a bit then I get the extra long to reduce my delta exposure, that is the case this month. Game plan updated accordingly

10/22 Daily Summary

No major update or news Today, looks like the very first step towards a good month has been accomplished: go through the 1st weekend with profits, this to me seems like the very first step to a good (and profitable) month.