Lizard Initiative SCOREBOARD:
Day: 5 | Missed Days: 0 | Trades: 7 | Wins: 2 | Losers: 3 | Washes: 2 | Day: (4140) | Cumulative: (3187)

Straddle Initiative SCOREBOARD:
Day: 4 | Missed Days: 0 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: 320  | Cumulative: 320

DIRECTIONAL Initiative SCOREBOARD:
Day: 4 | Missed Days: 0 | Trades: 1 | Wins: 0 | Losers: 1 | Washes: 1 | Day: (500)  | Cumulative: (500)  

Neutral Initiative SCOREBOARD:
Day: 5 | Missed Days: 0 | Trades: 1  | Wins: 1 | Losers: 0 | Washes: 0 | Day: 1482 | Cumulative: 1482

 Here are the names to analyze today:

VIPS: -4%, -10%, -12%, 0, -15%, +8%, more calls traded than puts but all in center...peeps could be selling calls for all I know. not descriptive. Wound up "buying" 14.5 puts for .55, no credit for other things
HD: -3.4, -2.4, -2.6, +1.3, +0.7, +2.7, + 4.4. Straddle 4.55, implying 2.9% move, calls & puts inconclusive. I'm not going to trade this issue.
SPLS: calls being sold, puts bought, but a lot of middle and more volume in puts. Not conclusive. -0, -2.5, -2.7, -0, -7, +3.8, -5.4...with the stock at $9.3 and options at 0.5 increments (5.4%) it's just not possible to trade with the current premiums.
SSYS: -10.46, 5.07, 17.15, -1.35, -4.4, -12.47, -9.5, avg: 8.6%,  straddle price $3, implies 10% move...no straddle trading. Did a jade lizard with put side, -12% move would put me at -1.8K...steep I know. LIZARD HERE!
VOD -.75, +2, +4.3, -7.3, +2.5,+4, +.5, -.5; puts and call buyers, not many options in volume. no directional trading, movement is just too poor.  The $0.75 straddle implies a 2.7% move...


Hints from today: Check the economic calendar each week: http://www.nasdaq.com/markets/us-economic-calendar.aspx

Strategy Idea:

Changes:

New Initiative:

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Results from today: $1482 from a SPX butterfly!! 

 

Placed a new SPX trade even though it's not 100% we will be continuing in the current pattern. Past experience has dictated that one only gets a few of these trades at the top of the market...this is not an every day occurrence I'm trading. 

 

That's a total of 3 trades today, 2 of them are short term. GJ for sticking with it!