by Das BrainÂ
On August 16 there was a stock market correction, and where there is turmoil there is opportunity. I opened quite a few CALL contract positions during that time and then left for vacation, when I got back 2 weeks later at the beginning of September the market recovered and the stocks I bought option contracts for did recover as well.Â
Below are some of the most profitable trades:
by Das Brain
The last time I wrote about a big stock market plunge was back August 16th, I believe right before I left for vacation and the Dow Jones around that time fell almost 10 percent.
by Das Brain
by Das Brain
The Las Vegas part of our trip was very eventful. In Las Vegas, there is so much to see and do for a city in the desert. To name a few things you can go hotel hopping, see lots of different types of shows, walk the Las Vegas strip, do some shopping and of course drink and gamble. And that is just the short list.
by Das Brain
Well, I just got back from vacation last Thursday. The destinations I went to were California (Los Angeles County) and Las Vegas. For this post Part 1, I will mainly write about southern California.
The trip to southern California actually started three Saturdays ago in Las Vegas where my wife and her younger sister flew in on Air Canada. I came in on a later American Airlines flight that same day.
by Das Brain
Currently the Dow, S&P and Nasdaq are down big. Watching Bloomberg news at my trading desk here Bloomberg has announced that it is officially a 10% correction.
This fits one of my criteria for buying quality stocks or options as outlined in my post “When to buy a stock or option – Market Timing”
by Das Brain
Last Friday August 10th, Apple’s stock (AAPL) got hit. On the intraday Apple’s stock price hit a low of $120 and then shot back up to $127.62 then closed on the day at $125. Whoaaa…..what a roller coaster ride, volatility has been a big issue over the month or so.
by Das Brain
Today Apple’s (AAPL) stock price took a big hit, it was down almost 5%. It went from $133 down to a low of $125, and now currently trading at $127.25. It wasn’t just the increase in DRAM cost that hit the stock, once again the sub-prime loan issue has reared its head and took the Dow Jones Index down currently 325 points…OUCH!
by Das Brain
I bought InvesTools (SWIM) CALL contracts with a strike price of $12.50 expiring January 2008, option symbol UKHAV back in mid July and since then all financial stocks in the U.S markets took a big blow to the head including InvesTools. The stock price dropped from about $12 down to $9.50. I average down my trade, as based on my research InvesTools is a solid company.Â
by Das Brain
My gripe with TD WaterHouse Web Broker Trading Platform (Canada) and the way they route option orders has hit an all time high.
Over the last four months that I have been actively trading with the TD WaterHouse web broker platform I have come across many many bad qualitites and features about TD web broker platform and the way they do things.
by Das BrainÂ
Over the last week, all the U.S indexes has been hit by a sell off of around 6%. Apparently, the jitters are over the sub prime loan issue problem that has hit the U.S, where low income high risk borrowers are having difficulty making their mortgage payments. A large amount of these borrowers are losing their houses and therefore getting out and selling their houses driving real estate prices down in some states.
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