P/L's for MCP, IWM and SPY

I didn't have a chance to get these out earlier, there were definitely better times to close these, but in this case I was holding on and waiting to see what the day was going to look like and if we were to continue with our short term move. These were closed because I didn't like some of the things I saw, because there were a lot of positions opened yesterday and a lot of short term "long" exposure.

Here's MCP which has been a good trading stock for us, either equity or options, they reported AH and I don't know what the results were or if they put out "Guidance" yet or not. MCP was brought up as a long on June 21st, we had a July +14% equity long trade and then expected MCP to pullback to the lower part of its base, but took this quick trade because the signals were there, but I still expect it to pullback to the lower part of its base where it will probably make for a great long candidate again.

 You can see why June 21st MCP was brought out as a long, June 21st also happened to be the day we called for an upside move in the market, the next day was the low for the market and the move started there.

We have accumulation at the far left and you can only see a portion of the overall base and you can see why we closed the equity position as it went negative, but as I said, the expectation is for a pullback to the lower range in the $5.50 area and it will likely be a long candidate. The blue arrow is the current after-hours bid/ask as you can see they are down after earnings tonight.

 Below is the last trade that was entered yesterday and closed today


Quotes today were on the fritz, but you have: Symbol /  Description / Qty / Price Paid / Last Price / Change (in $) / Market Value / Profit/Loss (in $) / Profit/Loss (in %)

The P/L came out to a +47% or $4400 gain for 1 day, actually I believe yesterday was an add to and it was opened initially Tuesday.

This was opened yesterday and closed on some caution for a 2.7% gain which could have been much more if it was closed earlier, but I was expecting a longer run.

And this was opened yesterday as well for a +12% gain, another that could have been quite a bit more if closed on the open as initially contemplated, but I decided to wait and see if we get another leg up which we had good evidence for until I saw those charts that concerned me.

The Options Tracking Portfolio did well overall with some positions still open, benefitting from moves this week and ranking us at #7 of 704 for a nearly 24% gain on the week.

I'm less interested in ranking in the top 10 and more interested to see how big days like yesterday when a lot of positions were opened, actually faired because if they did well (and all of the positions were in the same direction), that tells me there were a lot of people looking for something very different because we are pretty far from aggressive option players.