Roll-over

I rolled over my soybean-meal spread trade from July to Aug. I guess I should have rolled over to Nov where there are tons of volume. I suppose a beginner's mistake.

Covered: 2 July Soybeans at avg of 1582.575
Bought back: 2 July Soymeals at 423.40

Short 2 Aug Soybeans at 1580
Long 2 Aug Soymeals at 421.2

I've been holding this position for 6 months now. I almost forgot to roll-over which would have resulted in a stack of soybeans in front of my house.

6/17/08, Sold 4 ES at 1363.25

Results:
$150 minus commissions.

I forgot to record this yesterday, so I'm doing it now. If you can recall, I've been simulating a new strategy for about 2.5 months and I finally took my first live trade. Day-trading always makes me much much more nervous. However if I can achieve consistency in day trading, it's just matter of time till i double, tripple the size of contract.

Update: GCL 150 Calls

July Crude 150 Calls expired worthless. So I collected all the premium of $550. What's good about selling options is if it expires worthless, I don't need to exit at all ending up saving commissions too.

The oppertunity was almost ridiculous and glad it worked ok. Sure it could have gone to 200, but with one week left, I thought I had a very good chance. One mistake I did was, had I waited right before the close, I could have sold the same options for $1500.

Sold 1 July CL 150 calls

I sold it again for 0.55 (or $550). I didn't expect CL's +11 POINTS in a day. Now it's trading at 139 with the option value of about $1250 (or I'm losing -$700). With this pace, the CL can easily hit above 150 in a day or two. It expires in 10 days and the volatility is ridiculous. This is an absolute panic buying. I do not plan to exit the position. Either it gets expired worthless, or I get assigned.

If I do get assigned, I'll hold on to the short position for a possible profit of $500. If it does expire worthless, I'll make $550. Time is in my favor in this option or any option selling position. Each day it should lose its value about $100/day should CL doesn't move. If it drops, the time decay accelerates, then I'll consider an early exit.

Short 2 S at 1470.25

Covered 1 at 67.50
Covered 1 at 69.25

Net +187.5 (less commissions)

Covered CL 150 calls for 0.06

I exited CL call for $490 profit (less commissions). The opportunity was awesome, but took advantage of panic in options market. It worked out nicely.