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Market closed tomorrow and Little Toad is coming home from college for Easter
weekend! So, I won't see you guys until Monday. I'm into this position way too
deeply. Over the weekend, think up thoughts for the market. I need the help.
With this open position, the percent increase this year is way overstated -
it's more like 34% right now. Still not bad annualized to 125% - but we know it
could be a LOT more. I'm outta here.
Well, I wanted to get back into something, but my ISP was down this morning.
Let's explain the Oops on the Apr530c (OEWDF), I just entered the 7 1/2 sell point
to have something there in case it ran up. Next thing I knew, it was sold! I could
have held it as the market continues to climb, but, we'll take the money.
looking again but only out of one eye, the other is full of tears for the option I
Oops, I'm out of the Apr530c (OEWDF) at 7 1/2. I'll have to find another one
Just hopped into the Apr530c (OEWDF) at 6 5/8 will put 1/2 or a little more on
it to get out.
Would like to see this morning rally continue. I'm not done with the income tax
I'd rather be trading... Might even open another position to start my make-up for the
Apr540c (OEWDH) - ugh.
I've been so disgusted with this market and me being deep into it, that I've been
working on my income tax today. Just looked at the market a couple of times today. We
have Friday off, we are coming into OPTIONS EXPIRATION WEEK next week and I'm holding!
Even if this whole position dumps - it drops the gain this year to +23% which is 85%
annualized. I'd take a small run up in the morning so I can do what I should have done
Looked at getting into another position, but my heart's just not in it
today. I'm going back to the income tax program now and maybe a beer. A drinking Toad
is an ugly sight.
Got back from working out this morning and have to go out again, will be back before
noon to watch the lunchtime run - how about a bump up! Keep an eye on the market while I'm
out - thanks.
We had a small rally at the end, but I'm down $3000 for the day on the open position,
let's look for a run up in the morning. When I looked at puts vs. calls yesterday, I
should have added the Dow 9000 effect and the CNBC effect to my thinking. Remember what
the Dow 8000 special did to the market? A better day tomorrow, see you then.
THANK YOU VERY MUCH. I was just in the process of yelling at you for the lousy job
you did watching the market while I was out and now we have a small rally going. I'm
going to assume the rally is because the Toad is back and watching! OEX is still down
2 points from where I left it. Looks like an "Annie day" - tomorrow, tomorrow...
I thought we had a rally going into 11:00, but it fizzled. Will the lunchtime
crowd help us today? This option is coming up on a birthday at 1:00 today, let's
have a rally and get out! I have a meeting at 1:15 today, should be back around 2:30;
please watch the market for me until then. Bye
Let's see, sell and the market goes up... hold and the market goes down...
I'm holding for awhile yet - like to see if we get any strength today. If I were
flat, I'd call this a SALE!
4/6/98 End of Day
I'm holding overnight - I hate that. We have almost two weeks until the Apr540c
(OEWDH) expires, let's hope for a jump up in the morning. Until then, this is the
wet Toad signing off. I'd rather be flat than wet.
The market is going against my position; it's ugly again and now I'm
in it. I'm treading water and looking out for large fish. Just want it to go up
I'm in. I hopped into the Apr540c (OEWDH) at 6 7/8 and I have a 7 1/2
exit point. Looked like a turn in the up direction to the Toad. Let's go up now!
Ugly, ugly, ugly. Not comfortable enough to get into a put right now,
might be a great sale on calls, looking for some kind of a bottom or turn
around. Still sitting and watching...
Good Morning. Had to reload my browser this morning, it was acting
up - hope that fixes it. Just watching this run up, I'm sitting by the
side of the pond and looking. Tick is -171 now, has been up 400 and down
200 today and the Trin says buy (can't always listen to that sucker, it
will turn on you.) I'll keep you posted.
4/3/98 End of day
In response to the email that was kind enough to calculate how much
more I'd make if I held onto some of these options: Phttttt... The Toad
is up $7910 this week and closed out March with a gain of $11,928.
OK, OK, here it is - had I kept the Apr535c (OEWDG) that I bought on April
1st at 7 3/8 and sold it today at 12 1/2 - I would have made $15,375.
I hate it when they're right!
I'm out of the Apr540c (OEWDH) at 8 3/4. I'm flat, I'm happy (hoppy?)
it's a beautiful day, I still might go sailing and I'm going to have a
GREAT weekend. Didn't know if you noticed, but the Toad is up over 50% this
year - Is this a great country or what? See you at the market on Monday,
have a great weekend.
Public service announcement - CNBC will run their
THREE HOUR SPECIAL
tonight if the Dow closes over 9000 today. This is fair
warning - Go to a movie, take your family out to dinner, go bowling, do
something to get away from the TV tonight!
I'm still here, holding and waiting. Or is that wishing and hoping? It's
back to 8 1/2, let's go UP!
I'm still in and I've sworn off donuts. Down to 7 1/2 now, I'm staying in
until I can determine what the afternoon holds - and I was going to go sailing
I hopped in - maybe too early. I have the Apr540c (OEWDH) at 8 1/4 and I'm
trying to get out with a 1/2. I may have caused the market to back off, right
after I bought, the market went south. :-P
Whoever sent them, thanks for the donuts. Mrs. Toad says we should go with
bagels next week - they are healthier than these cream filled things.
Will we hit Dow 9000 today??? Toad traders don't really care, just
need movement in any direction. Is this a great country or what? I'm eating
donuts, drinking coffee and looking...
I pulled the information "ticker" off the site - it was slowing some down
and others couldn't read it. Thanks for the feedback.
I'm out of the Apr535c (OEWDG) at 11; I could have held on, but you know
the Toad, I get nervous when I'm in the water. Oh, I only bought 10 contracts
because the market was moving up so fast I couldn't fill the rest of the order.
That should be it for today. Tomorrow is FRIDAY! See you here in the morning,
it's your turn to bring the donuts.
I hopped back into the Apr535c (OEWDG) at 10 1/4 and don't have my sell
point set yet. I'm looking for a bump up from the bond guys now that it is
past 3:00. I'll let you know.
Well, I ate lunch and missed the lunch-time special. I'm back and looking.
Just added the ticker under "Last Updated" - let me know if it slows down your
loading time. Email me with "yes" ticker or "no" ticker.
I'm waiting until the lunch-time crowd is done, then let's get back into the pond
(wait 30 minutes after eating.)
I hopped out of the Apr535c (OEWDG) at 8 1/2, let's find some more today!
For all of you Wade Cook fans - he calculates everything as an "annual
return" - we were in the market for 19 minutes and earned $1355; that's... that's...
that's... a real large number.
Good morning. The market is hopping up and down today, so I hopped into the
Apr535c (OEWDG) at 8 and have a 1/2 on it to hop back out.
I'm out of the pond! The Apr535c (OEWDG) sold on the run up. I didn't want
to start April holding overnight.
I've got this figured out, if you lagged my purchase and sell by just 10 minutes,
you would be up twice the Toad. I guess I can live with that. I'll be here in the
morning - see you then. I've got to clean up my computer and get this lizard stuff
out of here. Ugh.
My Apr535c (OEWDG) worked it's way back to 7 3/8. Let's hope the bond traders push
the market up and I can sell this sucker.
I hopped into the Apr535c (OEWDG) at 7 3/8 - again, that was just before the market
dumped. Did I cause that? Need some green this month, let's go back up market - this
isn't a joke - get back up. I have 1/2 on it to get out. Problem is it's at 6 7/8 now.
I got back a little late from working out and had a little trouble getting into
my computer. It's almost like someone else was using it. I'm always worried on April
Fool's Day, I told the market I'll not play any April Fool's jokes on it if the market
won't play any jokes on me.
There are three toed footprints all around my computer
and something that lookes like it might be... lizard droppings! Ugh. Is that beer in my
I'm looking at the market: it's been down, it's been up. Let's see what the lunch crowd
4/1/98 GOOD MORNING AND WELCOME TO LOUIE THE LIZARD TRADER's
TOADS, FROGS they are all the same to me. Taste like chicken. Let's do some
REAL trading today: barbequed frog legs - ummm. I'm looking to jump onto something,
anything. Trade like a lizard! I love it.
Go see Louie.
Past performance is no guarantee of future
Click here for previous Past Daily Activities (RECAPS 3)
Click here to go to RECAPS 5
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