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Michael C. Thomsett is a widely published options author. His "Getting Started in Options" (Wiley, 9th edition) has sold over 300,000 copies. He also is author of "Options Trading for the Conservative Investor" and "The Options Trading Body of Knowledge" (both FT Press); and "Options for... More
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  • Tracking A Virtual Portfolio Based On Options Swing Trades 1 comment
    Nov 7, 2012 3:21 PM | about stocks: IBM, MSFT, VZ, S, GLD, JNJ, MCD, X, K, GE, MO

    Below is a summary to date of my paper trades, intended to demonstrate that using candlestick charts, support/resistance analysis, volume indicators, moving average convergence and divergence, and momentum oscillators -- to find and confirm reversal timing, is a successful strategy.

    16-Sep IBM short straddle 91% 19
    25-Sep Microsoft (NASDAQ:MSFT) long puts 52% 3
    14-Sep Verizon collar 1% 3
    12-Oct Sprint: short calls 80% 16
    29-Sep SPDR Gold Trust (NYSEARCA:GLD) short calls 63% 6
    10-Oct Johnson & Johnson (NYSE:JNJ) short puts 5% 7
    9-Oct McDonald's (NYSE:MCD) short puts 57% 5
    11-Oct U.S. Steel (NYSE:X) Synthetic long stock 281% 9
    9-Oct Kellogg (NYSE:K) short put 43%  
    2-Oct General Electric (NYSE:GE) synthetic short stock    
      short call 45% 17
      long put 32% 17
    15-Oct Verizon (NYSE:VZ) short call 51% 8
    16-Oct Altria (NYSE:MO):    
      short calls 42% 7
      long puts 46% 7
    22-Oct U.S. Steel (X) - long puts 36% 1
    1-Nov Verizon - short call 57% 4
    6-Nov Kellogg's, long puts 42% 1
    6-Nov Verizon, short call 45% 1
    6-Nov Altria, short calls 40% 1

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: All of these were paper trades only. No actual trades were made.

    Stocks: IBM, MSFT, VZ, S, GLD, JNJ, MCD, X, K, GE, MO
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  • Thomsett
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    Comments (74) | Send Message
    Author’s reply » Summary of paper trading history on - none are trade recommendations and all were announced after trades were entered in the sample portfolio.
    7 Nov 2012, 03:22 PM Reply Like
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