The Travelers Companies, Inc. (TRV)

TRV Weekly Chart

Anticipating a sell signal from TRV soon. This time it should break the uptrend support line. Supports: 38/30.

Chubb (CB)

CB Weekly Chart

CB has broken its ascending triangle. Also, it has broken its uptrend line again. Supports: 35/25. Bought 2009 Apr put.

Chubb Corp (CB)

CB Daily Chart

Chubb (CB): CB may have broken its rising flag. May challenge 34.00 again. Support: 45/40/34. Bought 2009 Jan put.

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.

ACE (ACE)

ACE Weekly Chart

ACE (ACE): Expecting this insurance to go down. Bought the Jan 09 Put on last Friday.

Allstate Corp. (ALL)

ALL Weekly Chart

Allstate Corp. (ALL): Looks like it is has broken down from it's consolidation area. Support 40/28. I have bought Jan 09 Put. I don't have much luck with trading options of insurance company. Hopefully this one will.

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).

Chubb Corp (CB)

CB Weekly Chart

Chubb (CB) has broken down from rectangular box (more or less). Uptrend not supporting. Triple top. Supports 45/40/30. Opened PUT position.

Watch list for 14 July 2008

I'm bearish on the following:
Chubb Corp (CB): Looks like a break down from range trading. A triple top. Supports at 45/40/30.
Akamai (AKAM): Rising flag broken. Supports at 29/17/11.
Hewlett Packard (HPQ): Broken rising flag. Supports 40/38/30.
General Cable (BGC): Rising flag broken. Supports 54/36.
Google (GOOG): May cover gap fram 459-524. Technicals getting negative. Supports 520/420.

I'm bullish on gold:
Royal Gold (RGLD): Strong resistance at 35. Then 40.
Newmont (NEM): Uptrend forming. Resistance 56/61.

Retailers Sell Off

My retail stocks start to make me money. At least it compensate my heart ache on LVS. Did two trades today.

KSS Weekly Chart

Kohl's Corporation (KSS) : Looks like it has broken down from the rising flag formation. Possible supports at 32/25. Bought put for KSS.

ACE Weekly Chart

ACE Ltd (ACE): Looks like it has broken down from the rectangular box and also the first uptrend line. Possible supports at 46/45/37. Bought put for ACE.

Short Term Reversal

So, the bounce finally came. I'm still bearish. The market was very oversold based on daily chart. How high can the bounce go? I have established two put position on Tuesday morning, and the bulls pushed through in the afternoon! Based on candlestick chart, I have closed my put position for BAC, LM and LVS.

• BAC (10+): This is my best ever return. I don't think that I can repeat this. Close my put because of a bullish engulfing candle at a time when the daily & weekly chart is very oversold.
  
• LM (4+): Close my put because of a bullish engulfing candle that happens at the lower end of the downtrend channel. Additionally, the daily & weekly chart is very oversold.
• LVS (4+): Close my put because of a long shadow hammer. Both daily & weekly chart is very oversold too.
  

MET Weekly Chart

Uptrend line has been broken. Looks like 53 is still holding. Bought put for this when 53 was breached and I was expecting that it will become the resistance.

MFC Weekly Chart

Manulife (MFC) has broken the uptrend line (there are two). Currently testing the break. Support at 34/30. Bought the put for this.

Watch list for 7 July 2008

My watch list for Monday, 7 July 2008:

• Greenhill (GHL): If breaks 50.00, then support at 37/30.
• Credit Suisse (CS): Support 35/25.
• SVB Financial (SIVB): Support 40/33.
• Nymex (NMX): Support 75, then bottomless.
• Prudential (PRU): Support 54/46/40.
• Manulife (MFC): Support 34/30.
• Couch (COH): Support 25/19.
• Anixter (AXE): Triangle. Support 52/45.
• JCrew (JCG): Support 25.
• Kuhl's (KSS): Support ~41/32.
• JC Penney (JCP): Support ~35-36/26/15.
• Sinopec (SNP): Support 70/50.
• Amazon (AMZN): Support 62/36.

Looking to getting into PUTs.