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BookingAlpha Option Trading Advisory

Wednesday, December 28, 2011

Forex Cash Cow. Review and Expert Advisor

This is another let's say popular system that Forex retail traders read about at least once in their lifes. I had the chance to know it and being a programmer myself, of course I went ahead and implemented it to see what it really gave before risking a dime of my real money account.

The idea of the system is to ride price momentum right after a price "explosion" has occurred in one direction. This puts the strategy in the group of "Break out" strategies if you will. And it is best suited for the GBPUSD pair.

Saturday, December 24, 2011

Weekend Thoughts (12-23-2011)

Not too much to talk about this week. Very low levels of activity and the markets moving up little by little. The 100 SMA served as support to the S&P500 and the VIX broke support on its way down, signaling lack of panic.

Thursday, December 22, 2011

January QQQ Bull Put Spread closed

Demo Trading:

The "Bull Put Spread on the QQQs" initially described here had been opened for a 0.29 credit and was closed minutes ago for a 0.18 debit, yielding a quick 0.11 profit in 10 days in views that the Nasdaq has looked weaker than normal and with little upside movement during the recent rally in all major indexes, which are getting closer to important resistance areas. This particular position is the one that could screw the month, a.k.a the closest to be in danger.

The closing trade was as follows:

Tuesday, December 20, 2011

The Media and Markets' noise

As you know, I follow some popular sites with financial information to get a feeling for the market every day in the morning and late in the evenings. I tend to read more on Marketwatch, Bloomberg, Cnbc. These sites have some other useful tools and features that are nice, but, what I want to focus on today is the news and market analysis posted on these sites every day.

Saturday, December 17, 2011

Weekend Thoughts

It was a fairly quite week with low activity (volume) overall. The three positions currently open for the January expiration cycle are not threatened by now. To recap, here they are: January QQQ Bear Call Spread, January QQQ Bull Put Spread, January IWM Bull Put Spread. Basically two bullish positions and a bearish one (QQQ 63/61) which seems pretty solid to me. Let's take a look at the S&P500.

Friday, December 16, 2011

January IWM Bull Put Spread

SELL 12 IWM January 65 Put (@0.86)
BUY 12 IWM January 63 Put (@0.58)

Wednesday, December 14, 2011

Automated stock trading with Prodigio RTS

Last weekend, during my usual web surfing thirsty for market analysis I came across Prodigio RTS. Prodigio is a tool that allows you to trade stocks based on technical rules. It has many technical studies and strategies already built in but you can design your own.

Monday, December 12, 2011

January QQQ Bull Put Spread

SELL 12 QQQ January 52 Put (@0.75)
BUY 12 QQQ January 50 Put (@0.46)

Sunday, December 11, 2011

Weekend thoughts

Hello folks,
Looks like seasonality tendencies are getting their way. Fundamental analysis, specially for daily forecasts is basically useless these days with a market too sensitive to any news. I mean, amidst Europe's issues and positive signs for the US economy, who the hell can figure out anything in this market? Now, throw some unexpected announcements from any random leader to the mix and I dare you to forecast something. Who the fuck knows where this market is headed on a daily basis? NOBODY.

Monday, December 5, 2011

January QQQ Bear Call Spread

SELL 12 QQQ January 61 Call (@0.44)
BUY 12 QQQ January 63 Call (@0.14)

Saturday, December 3, 2011

Weekend Thoughts

Hello folks,
No blogging for me in the last two weeks. But really I hadn't seen more opportunities to open positions. In fact the two positions opened in my paper trading account look really nice facing expiration in two weeks. The SPX Bull Put Spread (1105/1100) looks really good with SPX currently at 1244.28. The RUT Bull Put Spread (620/610) is also in really good shape with RUT currently sitting at 735.02