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.

QCOM

Ok, my HAL options is doing well for the first few days. HAL is still struggling to break 42.00. Hopefully 3rd time lucky.

I have entered another position in QCOM. My weekly chart gives a buy on QCOM. I'm taking position on QCOM Jul Call. Hopefully, it will announce a good result this Wednesday.

Verizon

Made a 2 day trade with Verizon Jul 42.50 Put. I think that I'm going to change my strategy to buying low time value put options. Going down is much faster than going up. So, if I get it right the direction of the stock, can get a quick profit without risking my money in the market.