Putting My Money Where My Mouth Is: ISRG

01-28-09 (4:45PM) - POSITION CLOSED as shown below:

Filled Sell to Close 25 +AXQBD Limit 0.90 14:36:01 01/28/09

Rationale: ISRG intra-day technical signals reached their peak today so I sold the remaining 25 calls at .90 / contract. Then, I purchased and sold some puts for a super quick trade as follows:

Filled Buy to Open 4 +AXQNA Limit 4.70 14:43:14 01/28/09

Filled Sell to Close 4 +AXQNA Limit 5.50 15:36:39 01/28/09

****************Enjoy trading and continue to have fun!*******************


01-28-09 (12:35 PM) - as expected (explained below) regarding the low volume theory, ISRG went red today so shaving off some of this position was a good move. However, it did find support at 100.30 USD and I will hold the remaining 25 calls (cautiously) for a few more days...

01-28-09 - FYI, I took some profits on this position yesterday as shown below:

Filled Sell to Close 41 +AXQBD Limit 0.65 15:02:10 01/27/09

I just did not like how ISRG went up without its average 10-day technical moving average (volume) - remember that we need volume to support upward movements...


This is just a follow up to my post on 01-24-09 regarding the technical signals on the three major averages and ISRG. I am just "putting my money where my mouth is" to prove my theory and just wanted to disclose the following position:

Symbol Qty Bid Ask Mkt Val Maint Req Cost Gain($) Gain(%)
+AXQBD 66 0.65 0.75 4,290.00 0.00 3,560.00 730.00 20.51%

Wall Street folks get paid big money for this - they are called "Analysts" and again, get paid big money to "advise" their clients. For me, this is my hobby and I love it - specially when I am making money with my hobby and passion... And on my blog you get this completely FREE!

One more for "Joe, the option trader"... Enjoy trading and have fun!