Aug 272014
 

– BUY CALENDAR COST OCT1 14/SEP1 14 122 CALL @.75
First time I’ve traded Costco. It’s just got done popping and I’m thinking it will be on a slow climb higher until the next earnings which is in the beginning of October.

 

9/4/14 – SELL CALENDAR COST SEP2 14/SEP1 14 122 CALL @.17
I was extremely lucky to get this price this morning, unlike UNP. I got to my computer without a minute to spare because the whole stupid market just rallied. I literally wake up and jump out of bad every morning at 7:28am without an alarm clock. My life is fricken ridiculous right now with this stupid market.

9/12/14 – SOLD CALENDAR COST 100 SEP 14/SEP2 14 122 CALL @.09
Rolled it.  FUCK!!!!!!  DON’T EVER FUCKING DO WHAT I DO!!

9/18/14 – SOLD CALENDAR COST 100 SEP4 14/SEP 14 122 CALL @.05
Man I’m lucky to even get a positive trade on this role. Almost closed the trade. When considering closing it I noticed that there is a good amount of value in my long option so I decidied to role it and look for a down turn next week to close for a possible scratch, but it is not likely because the stock looks to break out higher above it’s all time high.

Here’s the newest chart look. I added the PPS study which puts pivot points (arrows) on my daily and weekly charts. You can see the all-time-high price level (pink line) with COST bouncing around it and with the 7 day moving average moving (green line) up toward it. Seems like a coin flip from here but I’d imagine that it will break up higher but the market could correct (sell off a bit) at anytime which I’m hoping for so I can get out of the trade early next week for a minimum loss.  I’ve been in a losing trade since it blasted out of my range in the black box soon after getting in the trade.

– 9/25/14 SOLD CALENDAR COST 100 OCT1 14/SEP4 14 122 CALL @.05
I couldn’t wait to get out of this losing trade. I least I made $.05 a couple times and not a negative. That’s why it’s always good to be on the opposite side of the strike when it goes bad so you can let the option expire and not be forced to roll. Loss of %60 (after commissions). Hope you learned something! I sure did…

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!

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