Thursday, February 28, 2013

Current SPY Trade 2/28/13

2/28/13 - Currently, I am holding (8) April 5, 151 Put options which I paid an average of $209.00 each.  I scaled in WAY to early as my entry was around 152.40 before lunch.  I also purchase (8) March 152 options for $109, but at the top, I bitched out and sold those for $84 each for a $264.00 loss... I am SO Pissed!!!  My Max drawdown was $178 at 152.80 on the April's and at the close the options were up $303.00.  However, as I sold the others for a $264.00 loss, I am only positive $40.00 ... UGH !!! The difference between a $40 day and $600 day !!! The last trade on my 151 puts was $247.00 and that was somewhere around 151.60...

So, in Summary, I have $2k in put options on the SPY....heading into the sequester.. I just put on Mad Money to see what Jim says, but I missed 1/2... I don't know what is gonna happen tomorrow, but I see the chart and to me it says SELL... that and the Force, of course...

Result of wheat trade and looking forward on corn


2/28/13 - Long time no update folks,  Took and ass kicking on that wheat trade and rode that bitch to nearly zero... what a disgusting ride.  In February, I went long wheat and corn for a day trade an scalped a few hundred on the corn and a single on the wheat... fuckin wheat...

Right now, I am stalking corn.. HA, get it... looking to short it in the near future to hold going into the Planting Intentions report... Will provide an update on that situation as it arises... currently, corn is on the up swing, but it has hit my sell mark of 720... but as I have gotten burned before, I will wait for confirmation...