CTSH

It looks like CTSH will drop further. Wait until it rises tomorrow to sell the $40 call, it is better to sell it as high as $0.70 or more.

DKHR

It looks like that DKHR will continue to rise. I should wait until it falls to sell the 7.5 put (> $0.55). Meanwhile, we can buy 1 more share of 10 (< $2.75) put when it continues to rise. Make sure there is equal number of 10, 7.5 puts.

Check TOY

TOY's NOV2004 20.00 C does not match with the theory. In principle, I should see the market price lower than 0.29, but it's showing 0.33. Need to confirm it's lower than 0.33 later.

NTAP Bull Call Spread

Difference is -1.60.
$22.5 for -3.70
$25 for +2.10

Purchase UVN for Dec $35 Put

The ask price was $5.6. Last price was $5.4. Look at what price I will get tomorrow.

Hold

Hold current stock positions as MACD and STO do not move in the same direction. Although price continues to drop for the second day, there are still some upward action indicated by the STO. Meanwhile, let's wait for the volatility to settle before playing call options.

Try Market Price

Since many positions are not established with limit price, I decided to try using market price. According to IB, the Smart algorithm gets the best market price of the stock for me. So the stock should not be way out of the range. I opened several positions with market orders. Following is the list and my estimated cost:

BC: 3.40
COP: 3.90
RECN: 1.30
NXTP: 2.65

Total cost: 11.25 or 1,125.
Let's see if the cost is either more or less for each AND total tomorrow.

Redefining strategies

Two strategies I am pursuing. One strategy is look at the chart by CNBC and sell the option if MACD AND STO goes down. The other will be look at the chart by MSNBC and sell as soon as MACD OR STO begins to turn. Both strategies should be pursued with market orders on buy and sell to ensure positions.

Approval

Having received a confirmation from Katia, it was lilke an approval of my work. She had decided to write me a letter of recommendation. The news came with great encouragement. It looked like I had all the support I needed on my side. I'm moving ahead of my PhD applications. With a solid class of people writing letters of recommendation for me, there should not be a problem for me to get into a decent school though I'm still in doubt.

Selling Stocks

Based on the selling of MCO and ZMH, it is really hard to sell a stock with stock limit. As the price falls below the limit, the limit order does not get executed. Rather than watching the movement of the stock everyday and placing the limit accordingly hoping it will get executed, it is best to set up a trailing stop to maximize profit. This will sacrifice some profit margin as the first hour of the market is when the price of a stock varies the most. For the sake of stablizing emotion, future trades will be done this way.