Tuesday, July 14, 2015

No more daily updates

So daily updates is becoming a hassle due to the higher volume I have been doing now that my account are merged. I will continue to update weekly (I will try). It has been 2 weeks in July now and I am up 3.94% this month. Sprint has been giving me a ride, Lending Club seems to be balancing, and Apple has been amazing for me. I bought a bunch of call and vertical options when they pulled back over those 5 days and rode it up. Thank you Greece haha. I also shorted GM and then bought back. I will post again soon. If you have any questions, please don't hesitate to ask. My portfolio is up to date, check the tab above.

#YoungBuffett Out

Tuesday, June 30, 2015

June 2015 Summary

June 2015 was not the best month. As promised, my update will be for my entire account... now that my investments and trades are all done through the same broker (Options House). My trades themselves did very well, but my investment in Lending Club greatly hurt this month. But as Buffett says (paraphrasing), if you can't hold a stock for 10 years, don't even think about holding it for 10 minutes.

Total Account Net Profit May 2015: -11.11% 
     (Lending Club had a 24% drop this month alone! I am in it for the long-term though, so I am not worried at all.)
Trades Net Profit May 2015: 39.46%

Trades:
$VA Call Sept-18 $30.00 Strike. Bought at $2.00. Sold at $2.20 1 Contract. Profit: 10.00%
$AES Call Jun-19 $13.00 Strike. Bought at $0.85. Sold at $0.60. Profit: -29.41%. 1 Contract
$AAPL Vertical Call Jun-19 $125/127. Bought at $1.46. Sold at 1.84. Profit: 26.02% 1 Contract.
$S Vertical Call Jun-19 $5.00/5.50. Bought at $0.19. Expired worthless. Profit: -100% 1 Contract.
$F Vertical Call Sept-15 $15/16. Bought at $0.43. Sold at $0.48. Profit: 11.63%. 3 Contracts.
$WYNN Put Sept-18. $80.00 Strike. Bought at $1.65. Sold at $1.73. Profit: 4.8% 1 Contract

Monday, June 29, 2015

Week Ending Jul-3

Sorry for last week, I was super busy. This week I should be updating daily.

“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.” ~ Warren Buffett

Weekly profit: 4.8%

Updated: 7/3

6-29: WOW!!!! What a terrible day in the markets. Today my portfolio took a 3.8% hit! Lending Club was a tough one today. I am still bullish on it. The RSI shows WAY OVERSOLD. Any who, I did make a small profit with the pull back today, sold my put on WYNN. My small hedge helped ease some of the pain today -- my short of $DIA.

6-30: Interesting day. Lending Club takes another hit. When will that pain stop. No new trades or investments made today. More to come tomorrow.

7-1: Lending Club continues to fall :(

7-2: Well Lending Club set a new record low, but I believe it has bounced. I expect to see a strong rise in the stock next week, especially if there is a favorable vote in Greece on Sunday.

7-3: Happy Fourth tomorrow. Have a great long-weekend.

Closed Trades:
$WYNN Put Sept-18. $80.00 Strike. Bought at $1.65. Sold at $1.73. Profit: 4.8% 1 Contract

Opened Trades:
None

Open Trades:
$BP Call Jul-17 $45.00 Strike. Bought at $0.70. Plan: I wanted to sell at $1.00. Probably lose this one though
$BDN Put Oct-16 $12.50 Strike. Bought at $0.30. Plan: Sell at $0.50. 7 Contracts
$OHI Call Dec-18 $14.00 Strike. Bought at $0.75. Plan: Exercise. 2 Contracts.
$LC Call Oct-16-2015. $18.00 Strike. Bought at $1.75. Plan: Sell at $2.25. 3 Contracts.
$LC Call Jul-2015. $17.00 Strike. Bought at $0.32. Plan: Sell at $1.00. 3 Contracts.
$LC Vertical Call Jan-2017. $17.00/20.00. Bought at $1.16. Outlook: Maximum Profit (258%). 3 Contracts.
$AAPL: Vertical Call Jan-2017. $135/140. Bought at $1.77. Outlook: Maximum Profit (282%). 1 Contract

Wednesday, June 24, 2015

Week Ending Jun-26

Updated: 6/24

6-22: No Post

6-23: No Post

6-24: Been super busy this week, sorry for the late post. No real activity for me except trading out of a vertical call for Ford. Thank to Credit Suisse for upgrading their target price to $19 a share, the stock was up nearly 1.75% today. I only sold for a small profit, partly due to a miscalculation, but also I wanted to free up some capital for a vertical on Tesla. I am looking to place a 1 month vertical call on them tomorrow. I placed the limit order after hours today. Tomorrow, we will see if it is picked up.

Closed Trades:
$F Vertical Call Sept-15 $15/16. Bought at $0.43. Sold at $0.48. Profit: 11.63%. 3 Contracts.

Opened Trades:
None

Open Trades:
$BP Call Jul-17 $45.00 Strike. Bought at $0.70. Plan: I wanted to sell at $1.00. Probably lose this one though
$WYNN Put Sept-18. $80.00 Strike. Bought at $1.65. Plan: Sell at $2.00. 1 Contract
$BDN Put Oct-16 $12.50 Strike. Bought at $0.30. Plan: Sell at $0.50. 7 Contracts
$OHI Call Dec-18 $14.00 Strike. Bought at $0.75. Plan: Exercise. 2 Contracts.
$LC Call Oct-16-2015. $18.00 Strike. Bought at $1.75. Plan: Sell at $2.25. 3 Contracts.
$LC Vertical Call Jan-2017. $17.00/20.00. Bought at $1.16. Outlook: Maximum Profit (258%). 3 Contracts.

Tuesday, June 16, 2015

Week Ending Jun-19

Updated: 6/19

Weekly trade P/L -4.94%
Total account P/L coming at the end of the month

6-15: No Post

6-16: I have not opened any new trades, but I do have my $AAPL vertical call expiring this week. While I had hoped I would be more in the money by now, I am still positive... but there are 3 trading days left. I am optimistic about the trade. I do have a standard call option in $AES expiring this week, it is technically in the money, but I paid $0.85 for it, and AES is only trading at 13.58 right now. Depending on the price I can sell the option for, I haven't calculated which loss will be bigger, selling the option at a loss, or exercising and hoping for a gain in the price while selling covered calls. I think I know the answer, but the numbers never lie, so I will run them on Thursday. I do have a vertical call expiring in $S this week, but it will be worthless and I will lose the $19 I put into it. Luckily I didn't go in big. I was hoping to turn the 19 into 50, but c'est la vie.

6-17: Thank you Janet Yellen for "Not Yet." The stock market started its day in a slump, but after the Federal Reserve announced that interested rates are not going up yet, the market turned back around and finished in the green. A modest 1.67% gain for me today, compared to being down .13% at about 9AM PDT (12PM EST). My $AAPL option continues to walk the tight-rope. I did sell my option in AES today and ended up having to take a small loss. I was going to wait for tomorrow, but making an extra $10 or 15 was not worth the risk of losing more in the trade. The month is a tad over half way over now. Like I said a few weeks back, not that I have all of my trades and investments in one account with Options House, I will be talking about gains and losses in regards to the entire account. This month I am up, I will post my month P/L% on June 30.

6-18: Today gave me much more wiggle room on my $AAPL vertical call expiring tomorrow -- Apple closed at $127.88, after hours brought it down a little, but same thing happened yesterday. I am very confident I will get maximum profit out of this now. I have set up a stop loss though, just to be safe. $LC is down again, but that is such a volatile stock and my next option on that doesn't expire until October and then my vertical call doesn't expire until 2017. On Monday I will be placing my limit order for and $AAPL vertical call expiring in 2017. I have been watching the vertical options pretty carefully and they are at a great price right now (won't tell you my strikes until I place my order... stay tuned). I should make about 308% on the trade though and I am very confident in it. My $S vertical expiring tomorrow is a dead fish, but I have known that for a few weeks now. Happy trading.

6-19: Well $AAPL didn't play out according to planned, but I was able to get out of it as soon as the market opened up and sold it off for a decent profit. With the decline in $AAPL today, I was able to set up a limit order and have it get picked up for a January 2017 vertical call. As long as there isn't some 08' market crash again, then I should have a good profit there. Potential upside of 282.48%.  Have a great weekend!

Closed Trades:
$AES Call Jun-19 $13.00 Strike. Bought at $0.85. Sold at $0.60. Profit: -29.41%. 1 Contract
$AAPL Vertical Call Jun-19 $125/127. Bought at $1.46. Sold at 1.84. Profit: 26.02% 1 Contract.
$S Vertical Call Jun-19 $5.00/5.50. Bought at $0.19. Expired worthless. Profit: -100% 1 Contract.

Opened Trades:
$AAPL Vertical Call Jan-2017 $135/140. Bought at $1.77. Outlook: Waiting. 1 Contract.

Open Trades:
$BP Call Jul-17 $45.00 Strike. Bought at $0.70. Plan: I wanted to sell at $1.00. Probably lose this one though
$WYNN Put Sept-18. $80.00 Strike. Bought at $1.65. Plan: Sell at $2.00. 1 Contract
$BDN Put Oct-16 $12.50 Strike. Bought at $0.30. Plan: Sell at $0.50. 7 Contracts
$OHI Call Dec-18 $14.00 Strike. Bought at $0.75. Plan: Exercise. 2 Contracts.
$F Vertical Call Sept-15 $15/16. Bought at $0.43. Outlook: Maximum profit. 3 Contracts.
$LC Call Oct-16-2015. $18.00 Strike. Bought at $1.75. Plan: Sell at $2.25. 3 Contracts.
$LC Vertical Call Jan-2017. $17.00/20.00. Bought at $1.16. Outlook: Maximum Profit (258%). 3 Contracts.

Monday, June 8, 2015

Week Ending Jun-12

Updated: 6/12

6-8: Sold a call in $VA today, which was a nice 10% profit on that trade. With the pullback on $LC continuing, I picked up a few calls, which I hope to flip by the end of the week. Sold a covered call today.

6-9: The markets were crazy today. Lending Club was down heavy early (-6+%) but came back near the end of the day. However, on the flip side, Ford was up to start and ended down. Just an overall odd day. Apple vertical call is still looking good. I have nothing expiring this week, so I will just let this ride until next week.

6-10: Thank you Greece. After some non-bad news today, the stock market bounced back after a four-day loss. My accounts recovered a big piece of the losses they incurred. My vertical call on $AAPL is playing out nicely, as is my call options on $LC.

6-12: Good week. Very busy. Will update more next week.

Closed Trades:
$VA Call Sept-18 $30.00 Strike. Bought at $2.00. Sold at $2.20 1 Contract. Profit: 10.00%

Opened Trades:
$LC Call Oct-16-2015. $18.00 Strike. Bought at $1.75. Plan: Sell at $2.25. 3 Contracts.
$S Covered Call Nov-20-2015 $6.00 Strike. Sold at $0.12. Plan: Let them expire. 5 Contracts.

Open Trades:
$AES Call Jun-19 $13.00 Strike. Bought at $0.85. Plan: Exercise. 1 Contract
$BP Call Jul-17 $45.00 Strike. Bought at $0.70. Plan: I wanted to sell at $1.00. Probably lose this one though
$WYNN Put Sept-18. $80.00 Strike. Bought at $1.65. Plan: Sell at $2.00. 1 Contract
$BDN Put Oct-16 $12.50 Strike. Bought at $0.30. Plan: Sell at $0.50. 7 Contracts
$OHI Call Dec-18 $14.00 Strike. Bought at $0.75. Plan: Exercise. 2 Contracts.
$F Vertical Call Sept-15 $15/16. Bought at $0.43. Outlook: Maximum profit. 3 Contracts.
$S Vertical Call Jun-19 $5.00/5.50. Bought at $0.19. Outlook: -100%. 1 Contract.

Monday, June 1, 2015

Week Ending June-5

Updated: 6/5

6-1: I am beginning to shift my trading strategy a tad to longer vertical options. The weekly ones became to much of a risk and I want to minimize risk while maximizing profits. My current options do not expire until July and September. I will still keep you apprised to any new trades. Additionally, I have a current limit trade for a Jan-2017 expiration on a $AAPL 130/135 vertical call. Current market value is $2.40, I have a limit for $2.00. If the market value goes up to $2.50, I will probably end up jumping in. That would be a 100% profit in 18 months, not a bad deal haha. 

6-2: So for all of my investing, I have always used Scottrade, I enjoy their platform and have my ROTH IRA with them. However, I have been using options house for a while now and I really enjoy their platform too. I am going to be transferring my account over because Options House has much lower fees. I know Scottrade has a better customer support team, but I just don't see the extra expense being worth it. Once the transfer is complete, I will let you know.

6-3: Today was uneventful for the most part. $S went up a fair amount today, exciting. $F was down, so not so exciting haha. Any who, long-term looks good, which is what it is all about. Compounding wealth.

6-4: Today the market crushed me. My shares in $LC and $S dropped dramatically. But those are long-term investments, so it is not much of a worry, just a temporary bummer. I did get a chance to place a vertical trade on $LC due to the sharp drop in share price (over 6% loss in 1 day). It is a very long trade that doesn't expire until January of 2017. I am very optimistic about LC.

6-5: The market has continued to slide today. However, it is no where near what is was like yesterday. The non-farm payroll report was not bad, but not great either. I thought the increase in jobs might bump the market up a slight bit, but the unemployment rate stayed at 5.5%, so the market has been floating between up and down... so sideways. I was able to pick up another long vertical trade due to the sliding trades. Picked up $AAPL for a Jun-15 expiration, so it is a shorter term. This one is a bit of a risk if the market continues to slide, but I only trade options with 5% of my account value, so the rewards are worth the risks. Have a fantastic weekend.

Closed Trades:

Opened Trades:
$LC Vertical Call Jan-2017 $17.00/20.00. Bought at 1.16. Plan: Exercise (258.6% profit, 88.41% annual (1.5 years from now)). 1 Contract
$AAPL Vertical Call Jun-15 $125.00/127.00. Bought at 1.46. Plan: Exercise (36.98% profit). 1 Contract

Open Trades:
$AES Call Jun-19 $13.00 Strike. Bought at 0.85. Plan: Exercise. 1 Contract
$BP Call Jul-17 $45.00 Strike. Bought at 0.70. Plan: I wanted to sell at 1.00. Probably lose this one though
$VA Call Sept-18 $30.00 Strike. Bought at 2.00. Plan: Exercise. 1 Contract
$WYNN Put Sept-18. $80.00 Strike. Bought at 1.65. Plan: Sell at 2.00. 1 Contract
$BDN Put Oct-16 $12.50 Strike. Bought at 0.30. Plan: Sell at 0.50. 7 Contracts
$OHI Call Dec-18 $14.00 Strike. Bought at 0.75. Plan: Exercise. 2 Contracts.
$F Vertical Call Sept-15 $15/16. Bought at 0.43. Outlook: Maximum profit. 3 Contracts.
$S Vertical Call Jun-19 $5.00/5.50. Bought at 0.19. Outlook: -100%. 1 Contract.