AmeriCares Trader: Welcome

Sunday, December 26, 2010

Welcome

Welcome to the AmeriCares Trader blog. I started this blog to raise awareness about the quality charity work that AmeriCares does to help those in need around the world. AmeriCares is an efficient organisation with more than 98% of donations going directly into aid programs.

A secondary purpose of this blog is to provide discussion on the stock market and trading in general. My primary trading strategy involves selling out of the money weekly options, mainly in SPY, and hoping they expire worthless. I will also occasionally swing trade individual stocks. I try to base all my trades on technical analysis.

I make monthly donations to AmeriCares based on how well I trade during the month. The better I do, the larger the donation. You can see the complicated donation equation below. I will also be keeping track of all my trades during the month below so you can follow along.

Beginning 2 Jan 2011, I will generally update this blog every Sun-Thur evening with a game plan for the next trading day. You can follow my intraday trading on twitter.

AmeriCares Trader

Sunday, December 26, 2010

Welcome

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Security	Trade Type	Opt Exp Date	Opt Strk	# Bought	Buy Date	Buy Price	# Sold	Sell Date	Sell Price	Com/Fees	P/L	Total
SPY	Call	01/07/2011	127	7	01/03/2011	1.09	7	01/03/2011	0.62	30.48	-359.49	-359.49
SPY	Call	01/07/2011	128	0	01/07/2011	0.00	6	01/03/2011	0.46333	24.50	253.50	-105.99
SPY	Put	01/07/2011	125	0	01/07/2011	0.00	7	01/04/2011	0.35	15.25	229.75	123.76
SPY	Call	01/07/2011	128	0	01/07/2011	0.00	6	01/05/2011	0.30	14.50	165.50	289.26
SPY	Put	02/19/2011	126	13	01/12/2011	1.48	13	01/13/2011	1.50	49.51	-23.51	265.75
SPY	Put	02/19/2011	127	7	01/13/2011	1.73	7	01/13/2011	1.97	30.51	137.49	403.24
SPY	Call	01/14/2011	128	7	01/14/2011	1.15	7	01/11/2011	0.47	25.50	-501.50	-98.26
SPY	Call	01/14/2011	128	5	01/14/2011	1.15	5	01/12/2011	0.65	22.49	-272.49	-370.75
SPY	Put	01/14/2011	130	5	01/14/2011	1.21	5	01/14/2011	0.8	27.49	-232.49	-603.24
SPY	Put	02/19/2011	127	24	01/14/2011	1.57125	24	01/19/2011	1.54	76.02	-151.02	-754.26
SPY	Put	02/19/2011	127	21	01/18/2011	1.17667	21	01/19/2011	1.54	51.54	711.46	-42.8
SPY	Call	01/22/2011	126	5	01/20/2011	2.05	5	12/29/2010	1.85	22.51	-122.51	-165.31
SPY	Call	01/22/2011	126	5	01/20/2011	2.05	5	01/03/2011	2.25	22.50	77.50	-87.81
SPY	Call	01/22/2011	129	0	01/21/2011	0.00	7	01/14/2011	0.95	15.26	649.74	561.93
POT	Put	01/22/2011	160	0	01/21/2011	0.00	4	01/20/2011	0.85	13.00	327.00	888.93
POT	Put	01/22/2011	155	0	01/21/2011	0.00	8	01/20/2011	0.775	26.00	594	1482.93
AMZN	Put	01/28/2011	175	2	01/24/2011	5.15	2	01/21/2011	4.35	23.00	-183.00	1299.93
GLD	Put	01/28/2011	129	5	01/27/2011	0.71	5	01/25/2011	0.70	27.49	-32.49	1267.44
SPY	Put	02/19/2011	131	7	01/27/2011	2.06	7	01/28/2011	2.45	30.52	242.48	1509.92
SPY	Put	01/28/2011	128	7	01/28/2011	0.47	7	01/28/2011	0.35	30.49	-114.49	1395.43
SPY	Call	01/28/2011	130	0	01/28/2011	0.00	7	01/24/2011	0.32	15.25	208.75	1604.18
SPY	Call	01/28/2011	130	0	01/28/2011	0.00	7	01/26/2011	0.50	15.25	334.75	1938.93

Monthly Profit	Monthly Donation
$X <= $0	$100
$0 < $X < $5000	($X * $X/10000) + $100
$X > $5000	($X * 0.5) + $100