vacation is over

ok...vacation is over, i will need to get back on this ball.

Week 1

After one week, Johnny Trader is doing better than all others except for oil. Had you invested in oil this past week you would have made more money than Johnny Trader, Dow, etc. However, Johnny Trader did have about twice the return as the other indexes. One week doesn't indicate success so, we will keep on working on it.

Day 26, $22,345

Markets closed and options expire today. My IBM iron condor and NTES bull put expired worthless. The bullish trend continues. See the trade details below for more info. I am interested in reopening similar positions, but with earnings coming up, I think I will wait for and place more momentum based trades. My current open positions are my long NYX stock and my DRYS naked put and long call.

Date Opened	8/25/09	8/25/09
Ticker	NTES	IBM
Position	Sep 40/35 Bull Put	Iron Condor 125/130 110/115
Number of Contracts	5	10
Cost Basis	0.80	1.10
Reward Potential	0.80	1.10
Risk	4.20	3.90
Date Closed	9/18/09	9/18/09
Closing Price	0	0
Reward	0.8	1.1
Total Value	400	1100
ROI	19.05%	28.21%
Length of Trade (Days)	25	25

Day 25, $22,280

Market zig-zagged for the day, first making gains, then going in the red to finish just below where we started. Economic news for the most part pretty good, with initial claims coming in lower than expected and some positive housing data.

No change to current postions.

My IBM and NTES positions should expire worthless tomorrow, closing at their maximum reward.

My DRYS Oct 8 long call was filled for 0.55. I think I might have waited too long to make this play and this isn't based on proper fundamental analysis and time decay is on my side, but I will see what happens in the next couple days.