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Thomsett
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Michael C. Thomsett is a widely published options author. His "Getting Started in Options" (Wiley, 8th edition) has sold over 250,000 copies. He also is author of "Options Trading for the Conservative Investor" and "The Options Trading Body of Knowledge" (both FT... More
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Getting Started in Stock Investing and Trading
  • 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.

       days
    16-SepIBM short straddle91%19
    25-SepMicrosoft (MSFT) long puts52%3
    14-SepVerizon collar1%3
    12-OctSprint: short calls80%16
    29-SepSPDR Gold Trust (GLD) short calls63%6
    10-OctJohnson & Johnson (JNJ) short puts5%7
    9-OctMcDonald's (MCD) short puts57%5
    11-OctU.S. Steel (X) Synthetic long stock281%9
    9-OctKellogg (K) short put43% 
    2-OctGeneral Electric (GE) synthetic short stock  
     short call45%17
     long put32%17
    15-OctVerizon (VZ) short call51%8
    16-OctAltria (MO):  
     short calls42%7
     long puts46%7
    22-OctU.S. Steel (X) - long puts36%1
    1-NovVerizon - short call57%4
    6-NovKellogg's, long puts42%1
    6-NovVerizon, short call45%1
    6-NovAltria, short calls40%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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    Summary of paper trading history on ThomsettOptions.com - 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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  • The two most interesting are GLD and SLV ... they have paused but I would'nt be surprised to see another strong upward move in either.
    Jun 6, 2011
  • I am enjoying a variety of synthetic stock positions. Options truly do remove uncertainty in volatile markets while managing market risks.
    Apr 27, 2011
  • GLD and SLV - these are hot even for long calls. When will the rise stop? Probably not while the federal budget problems remains in the red
    Apr 27, 2011
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