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Friday, March 29, 2024

Wednesday Virtual Portfolio Moves

Posted February 7, 2007 at 9:54 am | Permalink (Edit)
  • Bought GOOG Mar $490s for $9 (avg)
    • only so I can sell $480s if they spike up
Posted February 7, 2007 at 10:10 am | Permalink (Edit)

IFFFF we get a net build of over 1M barrels (combination of 3 segments) AND oil falls below $59:

  • APA $70 puts at $1.40 make nice momentum.
  • APA March $65 puts are a limited risk gamble at .70 if you set a stop at .50
  • PTR March $120 puts are $2.10
  • PBR I already have Mar $95 puts at $2 (up 10%) from yesterday
  • BP $65 puts are being given away right now at $1.50 (were $1.80 yesterday)
    • I’m in on these now.
  • TSO flew up $1.65 this morning, I’ll be liking the $85 puts on the way down for momentum.

Momentum, by the way is in on the way down looking for 20% and setting a nickel stop on any pullback with a strict 20%, preferably 10% stop loss if it turns against you.

Posted February 7, 2007 at 11:02 am | Permalink (Edit)

BECAUSE I am down .60 on my MRVL May $22.50s:

  • I am buying the MRVL May $20s for $1.40
    • selling the MRVL March $20s for .75 or better (.05 T stop) but no less than .60 if it turns down.

This makes up what I am behind and the May $22.50s protect my upside if the stock spikes on me.

Posted February 7, 2007 at 11:24 am | Permalink (Edit)
  • XOM $75 puts are just .60
    • I had to buy them out of principal!

 Posted February 7, 2007 at 11:54 am | Permalink (Edit)

  • WFR – buying back the $50 caller at $6.80
  • Looking to sell the $55s at no less than $3.40
    • to pick up an exta $2.80 in premium.
    • .20 trailing stop on the sell
Posted February 7, 2007 at 12:25 pm | Permalink (Edit)
  • I still like my AAPL Mar $90s at 1.45 (down 22%)
  • I offer .30 for CHK Mar $27.50 puts as a DD
  • Rolling GRMN $55s to Mar $55s for $1.15
    • selling the $55s for .60 so my net cost on the pre-earnings roll is -.05
Posted February 7, 2007 at 2:21 pm | Permalink (Edit)
  • Out of EOG at .85 – crazy to risk that gain on a Feb put!
Posted February 7, 2007 at 3:06 pm | Permalink (Edit)
  • PBR Mar $95 puts out at $3
    •  too much too fast!
  • Out of BP $65 puts at $1.75 – not too exciting but safe

 

 

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