Gulfmark Offshore Inc. (GLF)

GLF Weekly Chart

GLF has broken of rectangular formation. Bought 2009 Jul Call.

DryShips, Inc. (DRYS)

DRYS Daily Chart

DRYS is at lower end of channel. May hit the upper end at 10.00. Almost giving a daily buy signal. Bought 2009 Jul call.

October 08 Performance

The month of October was a good month for me. As usual, I underestimated the down move, thus I missed out a lot of profits. Options that I have closed are:

• ACE Nov Put (++): From profit to loss to profit. What a roller coaster ride.
  
• ALL Jan Put (6+): Good one! Almost nail the bottom.
• AXB Dec Put (4+): Good one!
  
• AXP Oct Put (-): As expiration nears, I dump this before the great move down! Duh!
• AXP Jan Put (+++): This one is hard to play. So, I'm getting out.
• AUY Oct Call (---): Believed that gold will go higher. Wanted to wait for it to go higher, but the believe didn't have enough time to work out. Expired worthless.
  
• CB Oct Put (+): Glad to get out of this one with a really tiny profit.
  
• COH Nov Put (++): Took profit too early.
• CS Dec Put (6+): Good one! Almost nail the low.
  
• DSX Dec Put (+++): Took an early profit for this.
• EP Oct Call (---): What a believe! Believe that the world is craving for more energy, didn't let go due this believe, so got flattened!
  
• GME Jan Put (++): Took profit due to the fear of a strong rebound.
  
• JWN Oct Put(+): Glad to get out of this one without a loss.
• KSS Oct Put (=): Just glad to get out without a loss for this one.
• LM Nov Put (8+): Fantastic! Could have been better, but I'm satisfied.
  
• LVS Dec Put (7+): Sold at mid-teens. Thought that that was the lowest it can get to. Boy was I wrong!
• MDC Dec Put (++): Took an early profit.
  
• MGM Nov Put (+++): Took profit while it was in the high teens.
• MGM Dec Put (6+): Good one!
  
• OSG Jan Put (4+): Good one!
• PDCO Oct Put (+): Glad to get out of this one as it almost expired worthless.
• RL Oct Put (--): Took a loss due to expiration date.
• V Dec Put (7+): Fantastic! Almost near the low.

I guessed correctly the retailers direction, but my timing was all wrong. Thus, most of my retailers counters was lucky to go into the black.

Diana Shipping (DSX)

DSX Daily Chart

Diana Shipping (DSX): I rarely play rebound, but the 800 point drop is too extreme. Furthermore, Cramer who is a very emotional trader/investor was screaming SELL SELL SELL. Anyway, I detected a bullish divergence in the DSX daily chart. Possible rebound to 20s. That is why I bought Dec Calls.

Alexander & Baldwin (ALEX)

ALEX Weekly Chart

Alexander & Baldwin (ALEX): Bought put based on Thursday chart that it has broken its rising flag formation. But Friday rally has changes this analysis. Support: 42/39/35.

Overseas Shiphldg (OSG)

OSG Weekly Chart

Not a good start for this one. Bought put based on Tuesday break of the asymmetrical triangle. Additionally, the uptrend line also broken. But Overseas (OSG) has recovered back into the triangle. Maybe it is not a triangle after all. A rectangular?

August 08 Performance

Simply terrible. I got everything wrong. Gone into negative performance for the month of August.

AKAM Put (2+): Just lucky that it got a big drop after I bought the put.

LULU Put (1+): Sold at the bottom area of the channel. 

GES Put (-): From positive to negative!

TK Put (+): Another lucky trade that got a big drop right after I enter.

GLW Call (---): Expired worthless!

CAT Call (---): Another expired worthless!

STLD Call (---): Another worthless.

It is a tough August for me. Hopefully September will be better.

Diana Shipping (DSX)

DSX Weekly Chart

Diana Shipping (DSX) immediate uptrend broken. Double top. To break another rising flag? Support 25/20. Bought put.

Teekay (TK)

TK Weekly Chart

Teekay (TK) daily rising flag is broken. Support 36. Bought puts.

May 2008 Performance

Closed 3 positions in the month of May:
1. EGLE call (++)
2. QCOM call (++)
3. XOM call (+)

Based on gross paper profit, I have recovered 80% of my loss. Luck is still with me. Looking at the total commission I have paid, the total is 30% of my initial capital! Oh boy, I'm thinking of injecting more capital to so that I can trade in bigger position. This will lower down the percentage commission for each trade. But, I'm still not that confident yet. I'm still reading a lot of news and blogs so that I can categorize the counters in their respective sectors.

EGLE

EGLE Weekly Chart

My HAL and FRO is doing well. However, QCOM is still not yet moving. I have decided to take another position. This time in EGLE, a bulk ship company. Weekly chart pointing upwards. May have broken the horizontal resistance that I have drawn.

I bought the Jun 30 Call. Hopefully this one can move fast enough to challenge the previous high again.

FRO

Entered FRO Aug Call as FRO seems to have broken out of downtrend (consolidation?) and heading higher. A cross above 50.00 will confirm my buy signal that was given 1 month ago.