7/17 Day-Trades

It was a very busy day. As expected, with the help of JPM earnings, short covering in financials carried into the open. Unfortunately for me, I woke up right at the market open so was frantically getting the trading platform up on the screens. As it turned out, all my overnight postions gapped open. However, by the time I made my way through selling the positions, I had left about $8k on the table. Luckily, I started with BAC which was my largest position in terms of contracts...it also gapped up the most. Lesson for today will be to use automated trailing stops on these ONH set-ups.

BAC - Switched to the 1-min chart at the open and sold on weakness
Bought @ $21.50, Jul 22.5 Calls ($0.36 cost...very cheap, minimal risk)
Risk @ $0.00
Sold @ $25.50
Profit - $2.70 on calls
Re-entered after break of consolidation
Bought @ $24.50
Risk @ $23.90
Sold @ $26.00
Profit - $1.50 on calls

FNM
Bought @ $9.50, Jul 10 Calls
Risk - @ $0.00
Sold @ $11.50 (yes, very shitty when you look at that highs on the chart)
Profit - $1.30 on calls

LEH - I had too many positions to sell. By the time I got to this, it had already come down. I will use automatic trailing stops next time.
Bought @ $16.50, Jul 17.5 Calls
Risk @ $0.00
Sold @ $17.50
Profit - $0.50 on calls

WFC - I had rolled my profits yesterday from Jul 25 Calls to Jul 27.5 Calls. I was much more liberal with these and placed stops on them last night. Again, trailing stops would have been better.
Bought @ $27.00
Risk @ $0.00
Sold @ $26.40
Loss - $0.15 on calls

OIH - Energy stocks were weak after the surprise build in natural gas. I went with OIH as most other stocks had already begun the move down.
Bought @ $199.50, Jul 195 Puts
Risk @ $200.10,
Sold @ $195.00
Profit - $1.50 on puts

BIDU - Another false break-out. I need to stop chasing this one.
Bought @ $305.00, Jul 270 Call
Risk @ $303.00, moved to 303.90
Sold @ $303.90
Loss - $1.10 on Calls