Above $100k!

I would like to document this day as my non-registered account at Interactive Brokers hit over $100k today!  To be realistic, this may be wiped away any given day.  

What a wild ride this past month has been as shown in the graph below:

The market has been quite bullish for the most part.  Cracks are starting to appear on certain days, but market has come back roaring after each set back.  There are the naysayers calling for a market correction in these conditions.  They will be hailed for calling it "right", but how many opportunities will they miss by standing on the sidelines?  

No one has the magic ball to tell the future, or else, everyone will be filthy rich.  There will be winners as there will be losers on the other end.  I choose to be on the winning side on the most part!!

McDonald's Minions are Back!

The super popular Minions are back at McDonald's.  @ $2 per toy or $3.99 per Happy Meal (They raised their prices to $4.19!)... it's a great deal and treat to you or your kids.  

Each Minion talks when you shake them.  By talking, I mean gibberish! Nevertheless, super cute!

Last Friday, my coworker went and got me the Tall Minion and Short Minion during lunch.  On Sunday, I went to my neighborhood MCD to pick up Mr. Guitar Minion.  

This week, it was my turn to return the favour to pick up lunch for my coworker.  Unfortunately, the MCD near work ran out of Minions!  I walked away with Barbie toys instead... but apparently, I can exchange them for Minions if they are unopened!  

Very disappointing that I couldn't get any Minions today!!  

Two summers ago, I collected them all and for my cousin in Asia.  This summer, I'm helping my cousin to collect.  Nine more to go...I hope others don't beat me to them!

Lately, I've been a little tired of blogging about my options trades.  No one really cares, except for me.  So I'll be blogging more about general stuff for fun and to keep my creative juices flowing!

Set to expire: Friday, July 10th

Option	Position
MA 10JUL2015 90.5 P	-2
V 10JUL2015 67.5 P	-2

June Option/Stock Performance

June ended tragically for me.  Down a whopping 3.73% in my overall IB portfolio!!  I'm a little pissed off.  I was doing so well till this past Monday.

I traded a shitload of options this month.  So much so that I was able to bring my spectacular loss from $WMT spread out into the brink of greenness for the month ending to the tune of $504.47 in realized gains.  That's right folks, I'm staying above waters!

What else happened in June?  

-Added 44 shares @ $27.50 of $AW.UN to my TFSA.  Cash collected from my other stocks within the account.
-I didn't bother rolling out my $PEY.TO so I let it get assigned for 100 @ $34.00.  Right now, I'm down $314.00 in paper loss.
-I quit my 6 year part-time job to free up my every second Sundays.
-I turned 34.  I feel old now.
-I scratch my fiance's truck while rounding the corner too tightly.  It's a boo boo that was totally avoidable if I had been careful.  
-My car won't start even after replacing the battery.  It's still not fixed yet.    

Life don't always go your way.  Make the best of it.  

Set to Expire: June 26, 2015

This is my only action for the week.  It's a nail bitter!  

Option	Position
FEYE 26JUN2015 50 P	-1

Days to expiration (DTE) is 3 days away when I sold this PUT above yesterday as indicated in my Twitter feed.  A quick $10 play here or could this be a $5,000 mistake?

My 2nd day away from DTE... $FEYE dropped 2.33%!!  Sad face.  Come Friday, I need $FEYE to stay strong and above $50/share to let my PUT option expire worthless so I can keep my premium I collected.  

Set to Expire: June 19, 2015

Option	Position	# Days Held
MA 19JUN2015 91 P	-1	7
V 19JUN2015 70 C	1	84
WMT 19JUN2015 70 P	5	86
WMT 19JUN2015 75 P	-5	86
WYN 19JUN2015 82.5 P	-1	37
FTS.TO 19Jun2015 CC	-1	39
PTE.TO 19Jun2015 P	-1	35
DOL.TO 19Jun2015 P	-1	19

Greens will expire worthless.

Reds are in trouble.

Strike through, position has been closed.  

Figure it all out folks.

I closed a shitload of my positions early this month (8 to be precise) to realize a gain of $874.04.  But come Friday, I might have to close $WMT for a big loss.  Maybe, I'll be break even.  Hoping for a strong two day showing!  

I'm too lazy to get to the bitty gritty details.  My commission costs are through the roof $4.50 CAD & $59.63 USD.  HOLLA!

Upcoming Negative Results for June 19, 2015

The biggest headache I have now is dealing with a trade that has gone wrong.

$WMT is giving me a run for my money.  I opened my bull put spread 5 contracts for $75/$70 end of March 2015 when $WMT was trading at $81.32 per share.  I collected $202.08 in premiums after commission.  

In the past three months, $WMT dropped a good 12% after reporting their earnings.  Today, $WMT closed at $71.94.  This is $3.06 under my $75 short strike price.

In order for me to keep my $202.08 premiums, I need $WMT to move and stay above $75 per share.

If $WMT does not move up, I will have to close my position for a loss.  Take for example, by Friday, $WMT closes at $72/share.  My total loss would be around $3 x 5 contracts x 100 per contract = $1500. 

$1500 loss in this trade would be devastating to me.  But my exit plan is to roll this bull put spread out to a later date in hopes that $WMT will recover and bounce back to its original glory.

My worst case scenerio is I get assigned 500 shares @ $75.  So I rather close my position earlier than later.  

Couple of other smaller headaches in scale are my call for $V for $70 and my put for $PEY.TO for $34.  Both are expiring this Friday.  I am really counting on a nice bull frenzy streak that we've been getting for the past few months.

To manage my positions better, I need to take profits earlier than later.  I need to take them @ 50% capture instead of waiting for the "possible" 100% capture at the end of expiration.  I've let $WMT become a problem.