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I neglected my trading activities for almost a month now. Mostly due to my other activities and my final paper (which goes no where as we speak). When I opened my account control panel, here’s what I got:

• AMZN contract that I bought on Oct 6th is currently gaining 252% and 321% respectively. The one that post a higher return is the one with out of the money contract. My cost basis is $2.3 and $1.4 with current price floating around $8.1 and $5.9 respectively. Not bad. But mind you, that much of gain doesn’t necessarily represents the whole gain of portfolio — I’ll explain it on another post.
• F contract that I also bought on Oct 6th is gaining a ridiculously small return of 12%. Still acceptable I think since the automotive industry in the US isn’t that healthy anyway.
• ICON is down from $17.5 to $15.7. I forgot to post the first position on this blog, I gotta search my off-line trading journal first then… but on second thought, maybe I won’t. It’s already 3AM here so my body is pretty much numb.
• LPL post a small 7.4% return (again, I wonder where I post it previously on this blog…)
• MDRX, a buy call January 2007 ATM have a healthy 300% return on contract.
• VLO which I entered at the same date as AMZN and F is not returning any loss or return. I loath my self to fail to see the reversal (or downtrend continuation) on oil price that penalized this stock heavily

Many of my contracts expired worthless. Not because of wrong strategy that I devised, but simply because I forgot that I have an outstanding contract that should be liquidated before expiration. I have to get back in shape and start the trading activities ASAP!

One thing I noted that I test-buy NICE stock and at the same time entering a buy call (Feb 2007) on that position (ATM I think — I forgot, it’s on my off-line journal). The stock it self posted a $1.76 gain but the options posted $1.3 loss — which is weird at first because these kind of position should go hand-in-hand (because of buy call and open buy position). It indicates that the stock price and the options price does not ALWAYS correlated positively. There are many other things that affects the options price such as gamma, theta, beta (?), etc.

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