Trades Summary

Vendor: Joel Abiola Olatinwo 

Based on the trades posted on this blog, please find below summary of the profits/loss profile for the year 2007. A total of eleven positions were initiated between the months of April and November, with alerts issued immediately after orders were filled. There were 2 losses and 9 winners. That's 88.81% wins on 11 trades. The average return per trade was 48%. The most challenging trade was FTI Aug 85 Put, which was held till expiration. The trade generated a profit of 58.82%. The total profits generated on initial capital outlay was approximately 142%. Wishing you a prosperous New Year! 

 Slow and steady wins the race!

Joel Abiola Olatinwo

Close APOL Dec 80 Call @ $2.10/contract for 50% loss

APOL Dec 80 Call @ 2.10/contract for 50% loss.

Profit/Loss: - $21,000.00

The biggest loss since 2005!!

Account Balance: $241,612.30

Joel Abiola Olatinwo

Buy to Open APOL Dec 80 Call @ 4.20

Got filled an order to buy APOL Dec 80 Call @$4.20/contract
Contract size: 100

Option's symbol: .OAQLP

Capital outlay: $42,000.00

Joel Abiola Olatinwo

Close RIO Nov 32.50 and 35 Calls @ $3.30 and $2.00 respectively.

Close RIO Nov 32.50 and 35 Calls @ $3.30 and $2.00 respectively.

The stock, RIO, took a dramatic turn around this afternoon after posting some decent gains. I decided to close the position to avoid losses.

Profit/Loss on Nov 32.50 Call: +$2,000.00

Profit/Loss on Nov 35.00 Call: +$2,000.00

Total gain: +$4,000.00

Commissions: $450.00

Account Balance: $262,612.34

Joel Abiola Olatinwo

RIO Nov 32.50 and 35.00 Calls @ $3.10 and $1.90

Bought RIO Nov 32.50 and 35.00 Calls @ $3.10/contract and $1.90/contract respectively

Contract size for Nov 32.50: 100

Contract size for Nov 35.00: 200

Capital Outlay: $31,000 and $38,000

Total: $69,000.00

Commissions: $450.00

Joel Abiola Olatinwo

Close SNDK Nov 55 Calls @ $3.60/contract

SNDK Nov 55 Calls was closed @$3.60/contract



Account Balance: $259,512.30

Joel Abiola Olatinwo

SNDK Nov 55 Calls @ $3.60/contract

An order was filled for SNDK Nov 55 Calls @ $3.60/contract.

Contract size: 100

Stop Loss: will close position today if stock drops to 53.

Joel Abiola Olatinwo

Close MOS Oct 50 Call @ $3.60/contract for 100% profits.

MOS Oct 50 Call was closed @ $3.60/contract for 100% profits.

Profit/Loss: +49,500.00

100% in 2 trading days!

Account Balance: 259,812.30

Joel Abiola Olatinwo

MOS Oct 50 Call @ $1.65/contract

Got filled an order to buy MOS Oct 50 Call @ $1.65/contract

Option symbol: .MOSJJ

Contract size: 300:

Stop loss: Will close position today if stock drops to 46.50

Joel Abiola Olatinwo

Sell to Close LDK Oct 60 Call @ $5.10/Contract for 50% gain

LDK Oct 60 Call was closed @ $5.10/contract for 50% gain.

Profit/Loss: + $34,000.00

Account Balance: $210,912.34

Joel Abiola Olatinwo

LDK OCT 60 Call @ $3.40/contract

Got filled an order to buy LDK OCT 60 Call @ $3.40/contract

Option Symbol: .LDKJL

Stop Loss: will close position if stock drops to 54 today.

Contract size: 200

Capital outlay: $68,000.00

Commission: $300.00

Joel Abiola Olatinwo

Close STLD Nov 45 Call @2.80/contract for 16.67% Gain

Close STLD Nov 45 Call @2.80/contract for 16.67% gain.

Profit/Loss: +8,000.00

Account Balance: $177,512.38

Joel Abiola Olatinwo

STLD Nov 45 Call @ $2.40/contract

An order was filled for STLD Nov 45 Call @ $2.40/contract.

Option symbol: .RQLKI

Contract size: 200

Commission: $300.00

Joel Abiola Olatinwo

Close FTI Aug 85 Put @ $2.60 for 58.82% profits

FTI Aug 85 Put was closed at $2.60/contract for 58.82% profits.

Profit/Loss: +$18,000.00

This is the most challenging trade since 2005.

Account Balance: $170,112.42

Joel Abiola Olatinwo 

FTI AUG 85 Put @$1.70

Got filled an order to buy FTI Aug 85 put @$1.70

Contract size: 200

Capital Outlay: $34,000.00

Commission: $300

Joel Abiola Olatinwo 

Close BIO August 80 Call @ $2.20/contract for 46.67% profits

The position, BIO August 80 Call, was closed @ $2.20/contract for 46.67% profits.

Profit/Loss: + $14,000.00

Account Balance: $152,712.34
-------------------------------------------------

Joel Abiola Olatinwo 

BIO AUG 80 Call@ $1.50

Bought 200 contracts of BIO Aug 80 Calls @$1.50.

Capital Outlay: $30,000.00

Stop loss: will close trade if stock trades at 75 before Tuesday!

Option symbol: .EOUSS

Contract size = 200

Capital Outlay: $54,000.00

Commission: $300.00

Stop Loss: will update.

Joel Abiola Olatinwo

MSTR July 95 Put @ $2.40/contract

What a bummer!

MSTR July 95 Put was closed at $2.40/contract.

Loss: $6,000

Account balance: 139,312.34

Joel Abiola Olatinwo

MSTR July 95 Put @ $2.70/Contract

I got filled an order to buy MSTR July 95 Put @ $2.70/contract

Option symbol: .EOUSS

Contract size = 200

Capital Outlay: $54,000.00

Commission: $300.00

Stop Loss: will update.

Joel Abiola Olatinwo

Sell To Close PEG July 85 Put @ 3.80

An order was placed to close PEG July 85 Put @ 3.80 for 111% profits.

Profits/Loss: +40,000.00

Account balance: $145,912.34

Details of Transaction:

Joel Abiola Olatinwo

PEG July 85 Put @ $1.80/Contract

Just placed an order to buy PEG July 85 Put @ 1.80/contract.

Contracts #: 200

Capital investment: $36,000

Available Capital: $70,213.51

Option symbol: .PEGSQ

More picks will be relayed ASAP.

Will update

Thanks.

Joel Abiola Olatinwo

SPY June 151 Call Option Trade Closed

I placed an order to close SPY June 151 Call Option trade at $3.20 per contract.

Profits/Loss: + $6,500.00

New Account balance: $106,513.51

Will post new trades sonnest.

Joel Abiola Olatinwo

SPY June 151 Call @ 2.55

Placed an order to buy 100 contracts of SPY JUN 151 Call @ $2.55

Capital Investment: $25,500.00

Order filled at: $2.55

Details:

Joel Abiola Olatinwo

Blog: Back-up!

This blog is a back-up for my trading group. Timely relay of trades will continue via the group while adjustments and other necessary details will be posted here.

Account Balance: $100,314.00

Trading will resume today or next week, so please check here for details immediately trades alert is relayed.

Joel Abiola Olatinwo