I sold the rest of my LULU and GMCR calls today. I more than doubled my money on LULU overall but didn't get anywhere near top price of the day. Only made a little on the GMCR $110 call. If you look at the charts you can see where the day started off great but by 3:00 the sellers had taken control. I'm sure that since I've sold these they will skyrocket tomorrow. Oh, well. I've never lost money taking profits. I'm bracing myself just in case we've hit a top.



10% Fund 25.45%
Jody's Roth IRA 10.17%
Ryan's Roth IRA -4.27%
S&P -3.78%

I sold the rest of my GMCR Sept $100 calls today for $7.00. Yesterday I sold half for $4.10. That's an average price of $5.55 after I bought them for $1.91. More than 150% gain. It was excruciating trying to decide whether or not to sell. I decided to take profits and buy a GMCR Sept. $110 call for $2.18 just in case this stock hits $110 like it did back on Aug. 3. I have the $110 call in my Roth IRA. My 10% fund is going to really jump on the scoreboard tomorrow. I bought the same amount of calls in it as I did in my Roth. I don't have near as much built up in my 10% fund as I do in my Roth.

I also sold my NFLX put for half price as it was up 5% today and has risen above its 200 day SMA. I still have my SDS calls just in case the market tanks. They are down 12 cents today.


The market didn't exactly bust through resistance today as you can see in the chart below. Here's hoping it keeps going up since I'm so heavily invested in YACKX and I still have my LULU Sept $60 calls. They finished at $1.85 today. I bought them at $0.55 on 8/23.




10% Fund 16.72%
Jody's Roth IRA 9.99%
Ryan's Roth IRA -6.29%
S&P -3.78%

I sold half of my LULU and GMCR calls today. I sold them for more than double what I paid for them so I have my original investment back and a little more. This way I'm playing with house money with the calls I have left. I sold them because as the chart below shows, we may be hitting resistance tomorrow. I wouldn't be surprised if tomorrow was a down day. I'm hoping not because I still have those calls. However, just in case, I bought some options to play the downside. $SDS Sept $26 calls for .61(this is an ETF that is short the SPY). NFLX Sept $190 puts for $1.95.

I also sold my IMAX and TZOO puts shortly after my last post. I'm looking to buy them back at a cheaper price because I still think those stocks will decline.



I am finally up 1% on my YACKX purchase in all 3 accounts. However this will not show up on the scoreboard until tomorrow.

10% Fund 13.18% The GMCR calls helped a bunch.
Jody's Roth IRA 7.35% I haven't bought any options in her account yet. It's just YACKX.
Ryan's Roth IRA -9.85%
S&P -6.43%

August 23, 2011

I know I haven't posted for four months. That's partly because I've been so busy at work and because I've switched all of my trading to options and I've been doing lots of trades. 90% of my money was in cash until last week. I put that 90% in the Yacktman mutual fund $YACKX during this dip in the market. I'll try to post my best ideas that I'm trading and keep the scoreboard updated.

If you're not familiar with options, if you buy a call option you want the stock to go up. If you buy a put option you want the stock to go down.

Today I bought some $100 September call options on Green Mountain Coffee $GMCR. The charts below tell the story as to why I did this. The SPY is showing support recently around 112. I'm hoping that this support stays strong and we can start another rally. If you compare the SPY chart to GMCR, the S&P has fallen well below its 200 day SMA. GMCR on the other hand has barely dipped below its 50 day SMA. This, to me, represents a strong stock. If you look at the charts of most stocks today, they are below their 200 day SMA. I bought this option at $1.91. 3 weeks ago when the stock was at its peak of $111.42 this same option peaked at $14.05. If GMCR hits $111.00 before Sept. 17 I will be up several times what I paid for it. As I write this it's already up to $2.98 and I'm up 50%. That's why I do options now. I can risk much less and make more.



On August 9 I bought a September $35 put option on Travelzoo $TZOO. It was trading around $44 when I bought it. If you look at the chart it fell off a cliff and dropped 30% when it announced earnings. When it dropped well below its 200 day SMA there was blood in the water. That's why I'm basically shorting this stock. It's also good to have some puts like this in your portfolio just in case the market tanks.



I have other call options on LULU and put options on IMAX and NFLX.
I was actually up 10% in Jody's IRA before I put her money in the YACKX fund. I bought it at $16.95 in all 3 accounts so they've all dropped 5% accordingly as it's now at $16.14. It should be up a little tomorrow and I'm in it long term.

Jody's Roth IRA 3.5%
Ryan's Roth IRA -12.78%
10% Fund -3.03%
S&P -10.64%

April 26, 2011

I sold some of my Apple stock in my Roth IRA to buy Under Armour $UA. It beat reported better than expected earnings and the stock dropped 8%.

Jody's Roth IRA 4.66%
Ryan's Roth IRA -12.74%
10% Fund -3.03%
S&P 6.17%

March 31, 2011

The scoreboard after yesterday reads:

Jody's Roth IRA 9.51%
Ryan's Roth IRA -11.79%
10% Fund -6.59%
S&P 5.62%

March 30, 2011

I sold LULU for a 9% gain a couple days ago, but it was pretty much cancelled out by my failed short position. I then bought Juniper yesterday for $40.76.

The scoreboard after yesterday reads:

Jody's Roth IRA 9.51%
Ryan's Roth IRA -12.57%
10% Fund -6.59%
S&P 4.18%