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Old 04-04-2006, 01:52 AM
Garland Greene Garland Greene is offline
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Posts: 52
Default The Andromeda System Thread

Andromeda is an option trading system based on equities which comprise the Nasdaq 100. It has two trade signal components: trend and counter-trend. Equity option positions are entered based on signals generated by price action in the underlying stock.

Trade entries are executed on the market open. This system generates many trades. For the purposes of tracking it here, I am using a fictional $100,000, with a fixed percentage (3%) of account equity per trade rounded to the nearest 3 contracts, recalculated every Monday based on Friday mark-to-market of open positions.

Trade exits are scaled based on the following moves in the underlying stock:

5% -- 33% of position exited
7% -- 33% of position exited
10% - 33% of position exited

In addition there is a stop loss, exiting the entire position after a move against the position of 5%.

There will be times when the system is long and short (call and put options) the same stock during the same period of time; these instances could be considered staggered strangles.


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Old 04-04-2006, 02:25 AM
Garland Greene Garland Greene is offline
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Posts: 52
Default The Andromeda System Thread

Trades for Tuesday, April 4, 2006:

At the open:

Trade #1 : Opening Purchase

9 May 40 Put Options on MCHP

Trade #2 : Opening Purchase

12 May 65 Call Options on SIAL

Trade #3 Opening Purchase

9 May 70 Call Options on IVGN

Trade #4 : Opening Purchase

15 May 30 Put Options on ISIL

Commissions will be figured at $10 + $1.25 per contract.

A post will be made tomorrow indicating the price at which the trades were executed.

**Edited to add trade's #3 and #4.

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