Friday, July 25, 2008

7/25 Daytrades - SQM, X, AAPL

Today was one of those days where I should have shut down after 8:00AM and just researched stocks...or better yet, re-enter AMGN. I felt like I was at a casino, going from craps table to craps table chasing easy money that was already made. The House wins again...

SQM - I've been wanting to get back into this one for awhile. I picked off $18 on the last run-up from $40 to $58. I thought the early morning strength in the ferts would spill-over to SQM:

Bought @ 40.10, Aug 30 Calls
Stop @ 39.50
Sold @ 39.50
Loss - $1.00 on calls

X - After SQM, I ran over to the X table...
Bought @ 42.54, Aug 115 Calls
Stop @ 41.00, moved to 42.40
Sold @ 42.40
Loss - $0.20 on calls

AAPL - Lastly, over to the AAPL table before the close
Bought @ 162.15, Aug 135 Calls
Stop @ 161.50, moved to $162.00
Sold @ 162.00
Loss - $0.30 on calls

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