China Mobile Limited (CHL)

CHL Daily Chart

CHL has given me a sell signal. If it breaks the immediate uptrend channel (currently at 43-44 region), then the next uptrend support is at 32.00. Bought 2009 Jun PUT.

September 08 Performance

These are the trades that I have closed for the month of September 2008:

1. LEH Oct Put (--): Poor management of position. Cut loss due to the reason that I'm very uncomfortable with any options that has less than 1 month lifetime.
2. CMG Sep Put (+): Just in time of getting myself out of this position as I thought that it will expired worthless. Lucky me.
3. MFC Sep Put (--): Not lucky enough for this one. Almost expired worthless.
4. PTR Sep Put (+): Sudden drop in HK shares. Lucky to make a profit with this one.
5. MET Sep Put (---): Expired worthless.
6. GHL Sep Put (---): Expired worthless.
7. COF Sep Put (---): Expired worthless.
8. SLT Sep Call (---): Expired worthless.
9. GS Oct Put (2+): Too bad I didn't have an Internet connection when GS crashes. Opportunity missed. The profit could have been equivalent to my initial capital. Just too bad.
10. BGC Nov Put (3+): After so many bad trades, just have to take some profit with this one.
11. SINA Dec Put (+): Take profit again because I was nervous about the bailout.

In total, I still manage to edge out a tiny profit for the month of September. My total account position is now above my initial capital (about 60% higher).

Sina (SINA)

SINA Weekly Chart

Sina (SINA) has broken down from a rising flag and the EMAs are pointing down again. Support 32/22. Bought PUT.

Jun 08 Performance

Luck still with me. Still managed to read the trend change from up to down. Closed the following positions in the month of June:

1. VLO put (--): Thought that oil will go lower, got fooled into cutting loss.
2. EP call (++): Sold out my nearer term call, then opened a longer term call.
3. MR call (++): Managed to get out at the top. This is the only one that I have perfect exit.
4. QCOM call (+): Didn't get a good price, but I'm still satisfied with the return as it got really volatile during the trend change.
5. HAL call (-): Cut loss on this one too as I thought that oil will get lower. Anyhow, I enter back a position later into the month.
6. BAC put (++++): Cannot resist in taking profit. This is my best ever return so far. Still got 2/3 position left.

For the rest of my call ideas, it looks like they are going to expire worthless: CAT call, GLW call and SLT call. Luckily, the put ideas is enough to compensate for my loss.

A summary of my holdings:

1. Calls: HAL, EP, STLD, CAT, GLW, SLT
2. Puts: ANF, BAC, GES, JWN, LM, LVS, PDCO, PTR

I am still looking to get into a few financial and retail puts.