Thursday, October 23, 2008

My Stock Options Trading Portfolio

I've been trading stock option on individual equities since the early ninety's and have earned over Five Million Dollars doing so. I'd like to share my trades with you. These are not recommendations as I am not a financial advisor, I am a public customer, just like you, maybe with a better knack at trading options.

While most of my options trading is plain vanilla, I do have algorithms that I've developed over the years that even thee most mathematically inclined specialist on the floor of the options exchanges have a hard time figuring out, but that's very advanced trading.

For now I'm just going to give you a list of my buys and sells of both my stock and/or option positions going forward. I suggest that you keep track of my performance as it should blow you away.

If you would like to follow me in on my trades I will try and keep them as current as possible, but I cannot guarantee it because I am a family man and have other items that sometimes need my attention more.

I am not responsible for your trades as I do not expect you to follow along with me unless you want to, but in no way is this a solicitation to do so. I am merely sharing my trading with you. You may even want to take the opposite side of what I trade, I don't really care because I trade in small amounts, so it would be no use for some hedge fund to try and manipulate any of my single trades because they would not add up to much money, and if they tried to manipulate the trades that I make on many different stocks it would cost them an arm and a leg to push a stock one way or another for the small amount that I trade.

The basic strategies that I am going to be employing for the near future are uncovered (naked) puts and cover calls and long and short individual equities. However, there may be other strategies mixed in if I see the opportunity arise.

Basically, I am trying to take advantage of the volatility and the seemingly low prices in today's stock market. However, don't be fooled because what is seemingly low today could look like the moon just one month from now as these are very uncertain times.

So, I hope you have fun watching my trades and I just don't care if you want to join and trade the same trades that I do, stay away from any of my trades, or take the opposite side of my trades.

The goal of this blog is to just share with the world my trades and that is all.

Besides, my trading may not be suitable for you, so always check with a professional before engaging in any speculative trades.

Thank You,

Sincerely,

Options Trader

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