7/18 GOOG & BIDU Strangles

As I mentioned on http://www.wallstreak.com yesterday, I traded strangles on GOOG and BIDU in anticipation of GOOG's earnings. Both opened lower but not low enough for my positions. I made an intraday trade on GOOG Puts to offset the losses but chalk one up for the market makers on this one. Here are the results:

GOOG
Bought - GOOG 570 Call @ $6.00 and GOOG 490 Put @ $5.10
Sold 570 Call @ $10.00, Profit - $4.90
Sold 490 Put @ $0.00 (let these expire), Loss - $6.00

Bought - GOOG 580 Put @ $1.35 in the AM
Sold 580 Put @ $3.50, Profit $2.15

BIDU
Bought - 310 Call @ $3.46 and 290 Put @ $2.39
Sold 310 Call @ $0.00 (let these expire), Loss - $3.46
Sold 290 Put @ $0.00 (let these expire), Loss - $2.39

07/15 Day/Swing Trades

Markets were very volatile today, even going positive at one point. I'm still mainly in daytrading mode as there is too much risk to hold overnight. I daytraded GS, BIDU and GOOG with low-risk entries using the 1-min chart. I also got stopped out my DRYS swingtrade for a minor loss but will re-enter on the next dip.

GOOG

Bought @ $505.00 w/ Jul 430 Calls
Initial stop @ 503.50
Sold @ 522.00
Profit = $15.00 on Calls

BIDU

Bought @ $288.00 w/ Jul 220 Calls
Initial stop @ 286.00
Sold @ 288.00
Profit = $0.00 on Calls

GS

1st Daytrade

Bought @ $155.50 w/ Jul 120 Calls

Initial stop @ $154.00

Sold @ $160.00

Profit = $5.00 on Calls

2nd Daytrade

Bought @ $161.50 w/ Jul 120 Calls
Initial stop @ $160.00
Sold @ $161.30
Profit = $0.20 on Calls