Day 24, $22,259

Markets had another bullish day based on better than expected economic data for the most part with pretty good volume. No changes to current positions.

There was more suspicious activity with DRYS options. There was another heavy day of calls being bought in both Sept and Oct. I have been observing this for quite a few days. During these observations DRYS stock has climbed from about $6.00 to almost $7.50. That is quite a jump. Today once again I noticed the same thing. I might be getting in this too late but I will be placing a limit order for 10 contracts of the Oct 8 strike at $0.55. This goes against a few rules that I typically trade by. For one, there is less than 45 days on the option I am buying. For two, I don't really have a spread type strategy. If it gets filled I will put in an order to close the trade if the option loses half of its value. If it begins to gain value, I will place a trailing stop order. Once again, this is typically not the strategy I follow, but it seems appropriate in this case. Worse case is I lose $275, but with the heavy options volume, short term uptrend with heavy volume, MACD, RSI and other indicators pointing bullish, let's give it a shot.

Day 23, $22,058

Markets had another up day. Bull trend continues. I closed out my NYX call calendar at my PE today. The profit booked was small, but a profit none the less. See below for trade details.

Date Opened	8/19/09
Ticker	NYX
Position	30 Sep/ Dec Call Calendar
Number of Contracts	5
Cost Basis	1.29
Reward Potential	25%
Risk	1.29
Date Closed	9/15/09
Closing Price	1.62
Reward	0.33
Total Value	165
ROI	25.58%
Length of Trade (Days)	28

Week 0

Testing my ability to post a chart. If it works, then this will be what to expect and will be updated on a weekly basis. I just wished I would have started this initially because I think this first month was a pretty good one for Johnny Trader. Anyway, I collected the values from all the items listed in the legend in the chart. At the end of this week I will take the new number subtract the old number and then divide that value by the old number thereby normalizing each entity with one another. In other words, I am just finding the percent gain or loss for each week and comparing. If I can get Johnny Trader all the way to the top at 1, then I have doubled my money. That's the plan anyway, let's see how it works out!

Day 22, $21,786

Markets started the day lower today based on news regarding US imposing larger tariffs on Chinese tires, but by the end of the day, all three indexes made their way into the green. No change to current positions. Getting close to primary exit point on my call calendar so I put in a limit order good until canceled to do just that.

My iron condor and bull put are currently in a good position to expire worthless by the end of the week. If that happens those trades would also be closed at their primary exit point.

DRYS had another strong move up today, almost 6%. This bodes well for my naked Jan naked put.

I am also working on some additional content for the blog. I will start to include weekly charts that will help track Johnny Trader's progress and compare it to Dow, Nasdaq, etc.