Contract No. 15

Yesterday I created a new contract.

Contract No. 14
March 31, 2008 Sell to open 1 Contract ES May08 1180 Put Fut Options @ 11.5

I got that premium when S&P500 reached 1314 and thank God, this morning, markets open higher more than 1 % right now. My premium already decreased around 7.5. I am still waiting for more reduction that's why I am not closing it now.

Click to enlarge...

Profit / Loss Summary

Contract Summary (from September 1, 2007 until March 24, 2008)

Profit = USD 4,710.00
Losess = USD 1,212.50
Total Profit so far = USD 3,497.50

Starting equity for trading = USD 20,000.00

details .....

Contract no. 1
September 1, 2007 Sell to open 1 contract ES Nov 2007 1375 Put Future Options @ 5.1
September 8, 2007 Buy to close 1 contract ES Nov 2007 1375 Put Future Options @ 3.4
Total profit = USD 85.00

Contract no. 2
September 1, 2007 Sell to open 1 contract ES Nov 2007 1400 Put Future Options @ 6.5
September 8, 2007 Buy to close 1 contract ES Nov 2007 1400 Put Future Options @ 4.5
Total profit = USD 100.00

Contract no. 3
September 8, 2007 Sell to open 1 contract ES Nov 2007 1425 Put Future Options @ 6
October 29, 2007 Buy to close 1 contract ES Nov 2007 1425 Put Future Options @ 2.5
Total profit = USD 175.00

Contract no. 4
September 8, 2007 Sell to open 1 contract ES Nov 2007 1415 Put Future Options @ 5.25
October 29, 2007 Buy to close 1 contract ES Nov 2007 1415 Put Future Options @ 2.25
Total profit = USD 150.00

Contract no. 5
October 29, 2007 Sell to open 1 contract ES Dec 2007 1375 Put Future Options @ 7.5
November 13, 2007 Buy to close 1 contract ES Dec 2007 1375 Put Future Options @ 21.5
Total loss = USD 700.00

Contract no. 5a (Rolling contract)
Nov 13, 2007 Sell to open 2 contract ES Dec 2007 1350 Put Future Options @ 16.5 = 33.0
Nov 28, 2007 Buy to close 2 contract ES Dec 2007 1350 Put Future Options @ 9.0 = 18.0
Total profit = USD 750.00

Contract no. 6
Nov 28, 2007 Sell to open 2 contract ES Jan 2008 1275 Put Future Options @ 10.0
Dec 28, 2007 Buy to close 2 contract ES Jan2008 1275 Put Future Options @ 3.5
Total profit = USD 325.00

Contract no. 7
Dec 6, 2007 Sell to open 1 contract ES Jan 2008 1325 Put Future Options @ 6.5
Dec 21,2007 Buy to close 1 contract ES Jan 2008 1325 Put Future Options @ 1.75
Total Profit = USD 237.5

Contract no. 8
Dec 12, 2007 Sell to open 1 contract ES Jan 2008 1350 Put Future Options @ 5
Dec 21,2007 Buy to close 1 contract ES Jan 2008 1350 Put Future Options @ 2.75
Total Profit = USD 112.5

Contract no. 9
Dec 13, 2007 Sell to open 1 contract ES Jan 2008 1325 Put Future Options @ 6
Dec 21,2007 Buy to close 1 contract ES Jan 2008 1325 Put Future Options @ 1.75
Total Profit = USD 212.5

Contract no. 10
Dec 21, 2007 Sell to open 1 Contract ES Feb 08 1325 put future options @ 8.00
Jan 16, 2008 Buy to close 1 Contract ES Feb 08 1325 put future options @ 18.25
Total LOSS = USD 512.5

Contract no. 10a
Jan 16, 2008 Sell to open 1 Contract ES Feb 08 1275 put future options @ 8.00
Feb 13,2008 Buy to close 1 Contract ES Feb 08 1275 put future options @ 0.50
Total Profit = USD 375.00

Contract no. 10b
Jan 16, 2008 Sell to open 1 Contract ES Mar 08 1200 put future options @ 9.25
Feb 25, 2008 Buy to close 1 Contract ES Mar 08 1200 put future options @ 2.75
Total profit = USD 325.00

Contract No. 11
January 2, 2008 Sell to open 1 Contract ES March 08 1275 Put Future Options @ 14.0
March 19, 2008 Buy to close 1 Contract ES March 08 1275 Put Future Options @ 1.50
Total Profit = USD 625.00

Contract No. 12
January 4, 2008 Sell to open 1 Contract ES March 08 1225 Put Future Options @ 10.0
February 26, 2008 Buy to close 1 Contract ES March 08 1225 Put Future Options @ 2.50
Total profit = USD 375.00

Contract No. 13
February 6 , 2008 Sell to open 1 Contract ES March 08 1250 Put Future Options @ 21.00
February 13, 2008 Buy to close 1 Contract ES March 08 1250 Put Future Options @ 12.25
Total Profit = USD 437.50

Contract No. 14
March 4, 2008 Sell to open 1 Contract ES April 08 1200 Put Future Options @ 12.75
March 24, 2008 Buy to close 1 Contract ES April 08 1200 Put Future Options @ 4.25
Total Profit = USD 425.00

Closing Contract No. 14

Happy Easter, today market rallies...good for me, I just closing Contract No. 14 with good premium . S&P500 is around 1350 when I close my Contract.

Here is :

Contract No. 14
March 4, 2008 Sell to open 1 Contract ES April 08 1200 Put Future Options @ 12.75
March 24, 2008 Buy to close 1 Contract ES April 08 1200 Put Future Options @ 4.25
Total Profit = (12.75-4.25) points = 8.50 points or USD 425.00

So, right now I have no existing Contract. I will wait for some correction before I place another put.

Closing Contract No. 11

Wow, yesterday was a huge rally after the Fed cut its key interest rate by three-quarters of a percentage point. Today probably there will be a little correction, so I decide to close Contract No. 11.

Contract No. 11
January 2, 2008 Sell to open 1 Contract ES March 08 1275 Put Future Options @ 14.0
March 19, 2008 Buy to close 1 Contract ES March 08 1275 Put Future Options @ 1.50
Total Profit = (14-1.5) = 12.5 points or USD 625.00

There is 1 remaining open Contract No. 14. I did not close it today, I still wait more reduction on its Time Value.

Update Contract No. 11, 14

After 3 days in a row plunged, Wall Street rebounded sharply today because the Fed and other central banks said they will pump $200 billion into the financial markets to help ease credit crisis. The S&P500 surge more than 1 %.

Here is update premium of my positions:
Contract No. 11
January 2, 2008 Sell to open 1 Contract ES March 08 1275 Put Future Options @ 14.0
Premium right now = 14.25
Temporary loss = (14.00-14.25) = 0.25 points or USD 25.00

Contract No. 14
March 4, 2008 Sell to open 1 Contract ES April 08 1200 Put Future Options @ 12.75
Premium right now = 15.25
Temporary loss = (12.75-15.25) = 2.50 points or USD 125.00

I waiting for the time value to decrease, and hope there is no bad news for the markets.

Contract No. 14

Today markets was opened down after some negative news, following last week decline. The put premium increased almost double. I thought this is good time to short and collect some premium. So, I create new contract today, here is :

Contract No. 14
March 4, 2008 Sell to open 1 Contract ES April 08 1200 Put Future Options @ 12.75

Closing Contract No. 12

Yesterday S&P500 move higher. Good for me. Finally, few minutes ago, I closed Contract No. 12 when S&P500 reached 1370.

Here is the details:
Contract No. 12
January 4, 2008 Sell to open 1 Contract ES March 08 1225 Put Future Options @ 10.0
February 26, 2008 Buy to close 1 Contract ES March 08 1225 Put Future Options @ 2.50
Total profit = 7.5 points or USD 375.00

Thank God, this old Contract finally closed.