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Robert Weinstein
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Follow me on!/RobertWeinstein Owner of 1 Reason Insurance, a full-line insurance agency licensed in Wisconsin and Minnesota, and 1 Reason Real Estate, licensed in Wisconsin. http;// Let's connect on Linkedin More
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Robert Weinstein Trading Blog
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  • Trading Results 3/21/11
    Not a very busy day for a Monday after last week.

    I did have a good trade with DEER in both stock and options. I am holding the stock long overnight. S was another good long that was smashed due to the buyout of T-Mobile by T. OVTI gave a Laurel signal and I traded it getting full target with it. I didn’t do anything with VRUS, although I planned on shorting some puts as a hedge. I will look to do so tomorrow. I am still short APP with no changes there.
    DEER + 196
    DEER Apr 7.5P +
    OVTI + 255
    S + 44
    Day + 675
    Mar 21 8:51 PM | Link | Comment!
  • Trading Results 3/18/11

    Today was a good ending to a good week. I am currently in a hotel that has a waterpark with my family so I will make this post a little shorter than today would normally warrant.
    Today was option expiration day and while a little scary at times I was able to capture a fair amount of premium. GES puts that I sold yesterday at the close ended up stopping me about 30 minutes before the close cutting my gain by 10 cents before GES moved back above the strike price.
    I wrote an article about FNSR and while I planned to trade it on Monday I missed the trade as I had a visitor on Monday. I spend almost all my days in my office by myself and so I am very thankful to be able to share ideas with other traders in the chat room. I believe that FNSR was sold off after guiding lower than expected and today I was able to use that research to my advantage. I sold some puts very near the opening bell. As the day went on the time decay worked it’s magic and it was set to be a good trade. With about an hour to go someone put up a 10 cent bid in what appeared to be someone who simply wanted to get the weekend started. I hit the bid for about 25 contracts and the other 20 contracts was quickly taken by someone else. It was a little touch and go for a while and FNSR found the way higher. Near the end of the day though FNSR started to fail and move towards the strike price. I covered some at five cents and some at two cents and finally left the rest to see if the price could stay above the strike price until 5pm cst (the latest time to exercise). I am unsure if the price did stay above or not as we left for the water park before 5pm

    I had a few other good trades today and one that I missed the bulk of due to leaving my desk for about five minutes. I also watched HPQ for much of the day as I want to add it via selling puts into my IRA accounts. COCO was added to my account today due to some $5 puts being ITM. The premium didn’t cover the difference between the current value and the strike price but at least it is close. I still maintain my bullish bias so I don’t mind owning some more.

    Have a great weekend

    Mar 19 12:15 AM | Link | Comment!
  • Trading Results 3-16-11

    With Japan in the news rocking the financial markets I wasn’t expecting much today.

    I was happily surprised to find myself in the end day with several nice trades and a small pile of Yen sitting on my desk before the end of the day. I mean that figuratively as they don’t have Japanese yen actually sitting on my desk but I do have it sitting in my trading account. More accustomed to trading currency futures than Forex I ended up receiving my trading gains in Japanese yen instead of US dollars. To add insult to injury I have a long bias for the US dollar. So I expect the value of my gains to actually shrink.
    I was able to trade CRK a couple of times with a William signal and that worked out to be my best trade of the day. PPO gave me a William B7 signal. GPOR was a Laurel signal. PANL was a Brenton signal. SUP was a Laurel / Brenton / I wanted to fade it signal.
    I traded Forex for the first time in months today. I traded the USD/JPY pair and traded both long and short the dollar. I did better long the dollar but ended up with a fair amount of Yen in my account when I was done. I can’t say I really liked it though. It didn’t “feel” right and the quotes that I could see on IB and TS were different at times. Almost felt like playing a slot machine and that only makes me feel like I am sniffing gas or something else equally good for me.
    SUP + 78
    PPO + 51
    PANL + 374
    GPOR + 328
    CRK + 580
    USD.JPY + Y35,400
    Today + ~$1860

    Holding COCO long and VRUS short

    Mar 16 9:47 PM | Link | Comment!
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