Trades I have made in the last two days. 10/12/2010 & 10/13/2010

Today I am starting my blog after being asked many times by other traders for a posting that tracks my trades. I am not going to go back over the complete month, I will just start my trades as of Tuesday 10-12-2010. After entering the trades I will give a brief 'reason' behind the why's..

This trading month is winding down and on Tuesday 10-12 I closed some positions and opened others. The plan is to take advantage of the decaying time value. This Friday the current month of options expires so this leaves only 3-4 days for my positions to expire and vanish. The numbers below are after commission and are the net results.

Position       EXPIR/STRIKE   Date/ opened        Closed           Results            $$
20 AMZN   10/16 -140           10/11    .17         10/12   .13      +  .04              80.
20 NFLX    10/16 -130           10/08    .27         10/11  .08        + .19             385.
20 NFLX    10/16 -135           10/11    .25         10/11 .12         + .13             265.
15 WHR     10/16 -75             10/11    .17           ACTIVE                              254.
55 NFLX    10/16 - 140          10/13    .16          ACTIVE                               889.
9 NFLX      10/16 - 145          10/13    .33          ACTIVE                               285.

In the first AMZN trade I closed it to move into other trades. You are never wrong to take profits!
In the second trade I opened and closed in three days and took a quick $385 profit.
In the third trade I closed these to roll into the 140 NFLX puts for a profit of $265.
In the fourth trade with WHR (which are still open) there was a paper profit of $254.
In the fifth trade I opened 55 NFLX puts with the stock around 155 I feel safe with 15 points of cushion and 3 days to go.
In the sixth trade I opened the 145 puts as NFLX is moving up and I now have 10 points of cushion with 2.5 days left.

As you can see I go for just the crumbs around the table. Many other traders ignore these small amounts but they do add up.

I have used some abbreviations and other terms in the above posting for a more detailed explanation of these terms you can reference my book for more information. My style of trading and goals of trading are fully explained in the book. It can be purchased at Amazon through the following link:
http://www.amazon.com/Selling-Put-Options-Way-ebook/dp/B00408A6AC/ref=sr_1_1?ie=UTF8&m=AG56TWVU5XWC2&s=books&qid=1286991042&sr=1-1