Entry comments: CC is a technology chart that was at a new high on Monday. It has been trading above the 10 month SMA. The 50 day EPA is above and diverging from the 100 day EPA. It is in the Keltner channels, so is not overbought. The Chaiken power pulse rates this as being Very Bullish.

Exit comments: Despite all the good spec up front, this tanked on a couple of days that I couldn't get access to the market, and ultimately the price went below my strike. Hopefully this will be the only option I totally lose.

Played this wrong. Was hoping it mighnt be a weekend riser, but rose and fell after hours market, when my broker isn't trading. Won't do that again.

Recommendation by Schaeffer's trading. Sounded good, but went down within an hour, time to exit, Rule #1, stop losses quickly!!

Entry comments: DVN is an energy stock, Devon, and has been trading above the 10 month SMA for some time It tanked a couple of weeks ago, at which time I closed my option out to minimize losses. It has rebounded nicely, and is trading within the Keltner channels putting in the buy zone. The 60 Strike call satisfies the 1% rule. Will have to watch the energy sector closely, as it has been quite volatile lately.

Exit comments: Closed this today this morning as energy stocks took a plunge yesterday. AS it had gone up nicely 2 days in a row, my plan was to cash it in yesterday shortly after opening. Unfortunately, I slept in, and it was down about $100 from its high. Should have closed out then, but thought it might rebound over the day. Wrong. Got out this morning, still made $100 profit, so am happy to have that rather than a loss.

Entry comments: My call option has increased quite nicely just shy of 30%. I am buying this put option to help protect my profit, in this volatile market. Should energy stocks tank, this will ensure that I don't lose all my gains.

Exit comments: This put option was bought when my call option was up about 25%. At one point, it was up 50%, but I left it too long and yesterday the price dropped. I would have had more of a loss if not for this put option. A net 97USD profit entry and exit prices were CDN. Glad I made a profit on my first Cdn stock trade, on the TSE

Entry comments: Cenovus is a Cdn energy stock that trades on the NYSE and TSE. It is above the 10 month SMA. It is trading within the Keltner channels so is not overbought. The 20 Strike price satisfies the 1% rule of Chuck Hughes option trading. AS I am a proud Canadian, I have opted to purchase my option from the TSE

Exit comments: This Cdn energy stock was going up nicely, and then yesterday hit energy stocks. Thankfully, it did not go down much, and as I had purchased a put option when it was $26 CDN, I still did nicely. My profit was 215 CDN, which is roughly $168 USD. Less 91 CDN for my put gives me a net profit of $126 CDN for this Profit Guard spread, or 97 USD.

Entry comments: PBF is an energy stock, which is a very bullish sector. Trading above the 10 month SMA so is in buy zone. Trading below the upper Keltner channel, so is not overbought. $9.30 premium satisfies the 1% rule, as the intrinsic value of option is 9.30, (stock price is 31.30) giving it no time value. As it goes up, I start to profit!

Exit comments: Another Friday and the market istanking again. This option was stagnant for 2 days, and started to drop this morning. Time to exercise Rule #1. Cut my loss quickly

Entry comments: JNJ is a pharmaceutical company whose stock is trading well above the 10 month SMA. Barchart suggests it is posed to keep rising. It is rated bullish by the Chaikin Power Guage. It is trading underneath the upper Keltner channel, suggesting it is not overbought. The premium paid for the $165 Strike has a small enough time value that this strike price satisfies the 1% rule. The stock price has to rise $0.50 to break even and then start profiting.

Exit comments: Seems to be a movement downward in the stock market today. I was up $48 but after a $200 tumble this morning, I cashed out to try and have some trading account left to trade another day.

Entry comments: Kellog, being a food company is in a hot sector just now. It is trading above the 10 month SMA, and is at the upper Keltner channel. I blew my entry, should have tried getting it for 9.20, but wrongly entered 10.20 as my limit order. I must remember to double check things before confirming my trade. Will watch carefully, as this will need to go up at least 2.5% for me to make a profit.

Exit comments: Downward trend in the market today affecting both of the option positions I was holding. This coupled with a warning I read about the stock market possibly crashing on Monday, was enough to force me out of my positions. Rule #1, stop losses early.

Learned about this stock this morning from Tim Bohen's Daily Market Profit alert. Nkarta is a biopharmaceutical company that is doing cancer research, and making killer cells to target specific cancers. Watched the stock during the day expecting it to follow the ABCD pattern. As I was at work while making this trade, I exited fairly quickly once I had made a $50 profit since I couldn't babysit the computer and watch to see if it would go higher. It did an extra $1. I'm happy with my single.