I took 2 more positions on the bearish market and closed out others which didn’t turn out well. The market made a pullback up when crude prices dropped and some positve news from the finance market gave a breather to the downside move. Even so, ABT which was a bullish position didn’t perform on the bullish pullback and I had to close it out for a small loss. ALL was my only winner but the winnings was capped by the turnaround in the market. Oh well, so is the market.

Next week, I have a couple of positions that is waiting to be triggered but since earnings are still coming out, we will have to watch how it goes.

Closed Positions:

Stock    Entry  Str Ent              Pr Exit   Exit     Pr      Unit P&L
ALTR   6/23   Sep 22.5 PUT   1.85        7/7      3.10    1      125
MMM   6/17   Jul 75 PUT        1.9          7/7      5.05    1      315
PG         7/7     AUG 62.5 PUT 1.8          7/9      1.00    2     -160
MCD      7/7    AUG 45 PUT     1.4         7/9       0.85   1      -55
VZ          7/7    AUG 35 PUT     1.7         7/11     1.75    2      10
MMM    7/9    AUG 70 PUT     2.8         7/14    3.00   1      20
ALL        7/7    AUG 45 PUT     1.5         7/16    2.50    2     200
CHKP     7/11  AUG 22.5 PUT  0.8        7/16    0.55    2     -50
ADBE     7/14  AUG 37.5 PUT  1.3         7/16    0.80    1     -50
ABT        7/14  AUG 57.5 Call   1.7         7/17     1.60    1     -10

PL +345.00

Open Positions:

Stock    Entry  Str                        EntPr    Close  Unit   P&L

VRSN    7/14    AUG 35 PUT      2.05      2.10     1        5
SLB       7/15    AUG 100-95       2.5        2.00     1        -50

Unrealized PL -45.00

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Took another bear position for Verizon VZ as the signal triggered on 7/7 but I closed it out on 7/11 when it couldn’t sustain any move down for small profit. I also entered another position for CHK on the 7/11.

Yesterday market came down again and a few of my alerts triggered.In a bear market, I trade in accordance to what the market is showing me although I might take one or two against the market trend but it still has to satisfy the individual stock trend at that time.

I didn’t take all of them as some of them triggered after late into the day. Anyhow, I put on positions for ABT,ADBE and VRSN. Though the market was bearish, ABT showed resilience and I opened a position as it fits my portfolio to make sure I cover any bull stocks as well as bear stocks.

Position closed to date for July :

Stock    Entry    Str                      Ent Pr    Exit    Exit Pr Unit   P&L
ALTR    6/23    Sep 22.5 PUT    1.85       7/7      3.10      1        125
MMM    6/17    Jul 75 PUT         1.9         7/7      5.05      1        315
PG         7/7       AUG 62.5 PUT  1.8         7/9      1.00      2       -160
MCD      7/7      AUG 45 PUT      1.4         7/9      0.85      1       -55
VZ          7/7     AUG 35 PUT       1.7         7/11    1.75       2        10
MMM    7/9    AUG 70 PUT        2.8        7/14    3.00     1          20

PL +255.00

Open Positions :

Stock    Entry    Str                      Ent Pr   Closing Pr    Unit    P&L
ALL      7/7        AUG 45 PUT     1.5         2.83              2         265
CHKP   7/11      AUG 22.5 PUT  0.8         0.75             2         -10
ABT      7/14     AUG 57.5 Call    1.7          1.30             1         -40
VRSN   7/14     AUG 35 PUT      2.05       2.23             1         17.5
ADBE   7/14     AUG 37.5 PUT   1.3         1.35              1          5.00

Unrealized PL +237.50

A few that might have triggered a position were IBM, GE for bear positions and,PEP and ROST for bull strategies.  For bull strategy, I would be cautious in this market condition so for ABT, I will have to closely monitor if it would trigger a stop.

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Both MCD and PG did an about turn and I closed them out for a small loss.

Stock  Entry Str                        Ent  Exit      Exit Pr  Unit   P&L

PG      7-Jul AUG 62.5 PUT    1.8    9-Jul     1.00     2       -160
MCD   7-Jul AUG 45 PUT       1.4    9-Jul     0.85     1       -55

MMM setup triggered and I took a position

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The market made an about turn due to crude oil prices dropping and also Fed Reserve comments that calmed the storm. Dow was up 1.4% and so was the S&P 1.7% yesterday.U.S. stocks on closed higher as crude’s biggest price dive in last 3-4 months to about US136 per barrel helped by comments by the Fed that reduce fear of bankruptcies.The Dow Jones Industrial Average closed at 11,384.21 up 152.25 or 1.36%. Dows 30 components had 23 of them posting gains.

S&P closed at 1,273.70 up 21.39 or 1.7%.

Well, my portfolio went into the red as expected, first from me over-paying the premiums and second, by the upturn in market. MCD and PG look precariously close to taking out my stop so I might just close them out for a small loss. It will be a few more days before new positions can be determined.

Stay tuned … :).

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Market made a rebound in the early hours of trading and I closed out the remaining 2 options position to claim the profits.

Stock Entry Str Ent Pr Exit Exit Pr Unit P&L
ALTR 6/23 Sep 22.5 PUT 1.85 7-Jul 3.10 1.00 125
MMM 6/17 Jul 75 PUT 1.9 7-Jul 5.05 1.00 315

PL +440.00

New positions added 7/7.

Stock   Entry  Str Ent                  Pr
VZ       7-Jul    AUG 35 PUT       1.7
ALL     7-Jul    AUG 45 PUT       1.5
PG       7-Jul    AUG 62.5 PUT    1.8
MCD   7-Jul    AUG 45 PUT        1.4

Most of above added late as my trigger didn’t activate after most of them dropped. I paid some premium especially for MCD it was rather 1 day late :). I will have to monitor them for the next few days and if they break upside, I will have to close them out for a small loss. We’ll see.

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