Sterlite (SLT)

Sterlite Weekly Chart

Gave me a buy signal last week. Hold up pretty well today. I bought a call for this stock.

Caterpillar (CAT)

Caterpillar Weekly Chart

Bought CAT Call as it seems that it will continue the uptrend. Need to break resistance of around 86.00.

After I sold my HAL call, I have reenter last week. Hopefully, it will go up much higher in the next phase.

Bank Of America (BAC)

BAC Weekly Chart

BAC is breaking down. The first uptrend flag was broken. Next will be the symmetrical triangle. I'm expecting it to break too. That is why I bought the put for BAC.

Strong Sail

Hmmm...I have let go my shipping stocks options and they keep on sailing! I got on early, got out early. This is not good. If I don't get the big profit, I won't be able to cover my losses. Lesson learned: overbought indicators are not good in a strong trend.

Valero (VLO)

VLO Weekly Chart

I see two patterns. The ascending flag is more or less broken while the descending triangle is not yet broken. I bought PUT base on the first reason.

Mindray (MR)

MR Weekly Chart

Bought MR call today. At buying time, it seems that MR has broken out of rectangular consolidation area. The closing chart is shown above, it closes slightly below the top of the rectangular that I have drawn. Resistance at around 39.00. Let's see what will it do next week.

A Good Restart

A good restart in options trading. I have closed my HAL and FRO position. So, the profit for the month of April shall allow me to survive a little bit longer in my quest to make some money. I sold HAL and FRO because the paper profit was making me nervous. The fear of losing it is so great that I rather close my position. Feeling regret of missing more profit is much better than the regret of missing the profit. The price fluctuation is making me crazy too. Anyway, they were really overbought in my charts.

I'm still adjusting myself to this options trading. Now I know that I can win 100% in one day and lose it all on the next. Really crazy. I have not encounter this while trading warrants in the Malaysian stock exchange. My mental framework has not in syn with the environment of options yet. Still got a long way to go.