Adjust 的要素：

1） 股价没有超过SPREAD 价格的中点，绝对不要ADJUST！！
2） ADJUST后的量重新评估最大损失，有可能只能做部分ADJUST，否则把最大LOSS变的更大就失去了ADJUST的意义！

2/9/2011, Action too much

Today I closed the FEB TGT 52.5 Put short, Amazn FEB 190/195 call spread, SLV FEB 26 PUT short. None of those trade are correct, it late turned out. Amzn get get a home run if not sell in the panic. So does TGT and SLV, wasted a lot profits and trading fee!

I also opened AMZN 190/195 March call spread and opened RIMM 65/67.5 March call spread. Both bearish. But the lesson is should not be so hurry, as the OE week can be very volatile!

2/10/2011， playing new option trade

CSCO drop huge as its ER is not good, from previous day After hour, it seems can maintain 19.5, so I bought synthetic combo at 19, but it is a bad trade! how can I catch a knife at the first day of dropping. I also closed AVL as dropped back erased most of my profits. These are two bad days!

2/8/2011, finally, an option loss day

AVE big rebound, bought small position of LOCM; $400 paper gain today contribute by these two stocks;

Closed AApl bearish spread at the morning, yet, Amzn became a big loser today caused option total to be a loss, just -$100 though; Need study about how to handle Iron condor properly, I saw an almost worthless spread jumped back to a lot of money without doing anything, hope it would expires to save the transaction fee. Should close it early when AMZN was bottom. I think I didn't bother to check its chart when I won money those days.

Feel the market is due for a pull back, today added 2 bearish spread: IWM 83/85 call and GLD 135/137 call. Now beta is -248. If Amzn goes to 185 tomorrow, I will add put to it.

2/7/2011:

today's today gain is $300, AVL, RIMM and TGT are the top three winners.

It is a pity I didn't adjust Aapl for bullish side expecting there might be a break out, good thing is at least I rolled it to March to reduce the negative beta, if Apple jumps again tomorrow, the call would lose less money, beta is -17.8 only. Currently, my overall delta is now -15.05, Theta is 30.2. I need a theta of 100, that is why I have to sell more option tomorrow!

2/6/2011, weekly stock talk

Overall point of view: buy in any dip. Suggestion: NVDA, JNPR, QCOM, MU, JDSU, CIEN; Tech may be over bought. Finance may rebound, GLD is at edge of break out, up or down both possible. Leap call is an aggressive way than credit spread.

Attached chart: C1: Aapl is in break out mode; C2: Most people are bullish, but market breadth is not as positive as the index for the last 3 days, and small cap is lagging. so watch out the market leaders (such a Aapl, Goog, Amzn, Nflx) for next week.

2/4/2011: dull day

AVL dropped a bit back caused the $80 day loss, Option is flat, with the gain on SLV and AMZN offsetted by the loss at AAPL spread. Sold RIMM call spread before close.

January overall performance is 8.9% on account. I am considering to increase my trade size as my trading style won't be able to use compounding increase.

Publish Post

2/3/2011: a winning day

Yesterday's tgt put worked perfectly, paper gain was $182 in the second day. Also AVL continued its rebound, SLV, Aapl and Amzn option all post gains today, The only mistake today, I tried to sold call spread on IWM but it dropped too fast, I ended up sold SPY call, but the late afternoon rapid rebound caused the trade in a loss as much as $115, I decided to adjust it and then closed the trade before market close, it ended with a $50 loss.

Another winning trade is the future, I tried the bottom catch again with ES, after it broken S2 in 3rd WRB, the next one is a up tick, I bought in 1292.25, and closed at 1296.75 which is S1, but the /ES traded as high as 1304 in late afternoon.

2/2/2011

Today my AVL finally jumped up. it contributes all my daily gains. Aapl and amzn option gain was offset by a mistake order, which should be sell IWM PUT spread but entered buy spread, I had to close it with a loss. Before market close, I sold TGT 52.5/50 Put spread, with p/l ratio or 325:675, winning rate of 67%. Already in money when market close.

I was considering sell put spread for YUM as it release earning after market, but later forgot to follow up, if did, this is a home run too, good earning after market.

BRCM opened lower at 43.84 and touched a low of 42.58, closed at 43.8. A star.

2/1/2011

Today Nflx keeps side way, but goog jumps a lot, hehe, I shouldn't close the goog bullish spread with a loss yesterday, it had 18 days to go.!

I did the same error again, trading against the trend, when SPY broke R3 and dropped back, I sold IWM Call spread, luckily, I tried to adjust it when it broke previous high, I covered the shorted $80 call immediately and kept the long $81 call, before the close, I closed the long call with a gain of $395, covered the loss of $170 from $80 call short with a net gain $225! What a classic action of turning loss to win! With the gain, I did another small test, bought 78/77 put spread before close, let's see if the trend can keep going tomorrow.

1/31/2011 trade log

Fear the last two trades not wise, I managed to close both trades with a small gain, actually, in early morning, both stocks ran in my direction, I closed NFLX with $140, while want to let the Goog's profit keep going, but good turned from green to red later, thus I closed it with $50 loss.