Needless to say I’m nervous about the markets so I’m keeping close covers on the LTP, I’d rather be wrong and take a 10% hit rolling callers over than be right and lose a big chunk of our leaps. Ordinarily I would let some nickels and dimes expire worthless but I don’t trust the weekend enough not to sell so (assuming margin requirements) I am rolling these today:
It is not my intention to make these hard numbers, these are the morning bids and I will place .05 lower bids pre-market to catch a few. If the market is going down I will take what I can get (but not into a morning panic). If there’s a drastic change, just ask!
- AIG Selling Apr $65s for $3 (AIGDM)
- AMZN Buying Back Mar $42.50 for .05
- Selling Apr $37.50 for $1.65 (ZONDU)
- BA Waiting until EOD (for lower price)
- Roll Mar $90 to Apr $90 for $3 (BADR)
- BSX DD on Jan $17.50s at $1.25 (WBXAW)
- CAT sold Apr $65, no change
- CC Buying Back Apr $20s for .05
- Selling 20 (I have 40) Apr $17.50s for $1.20 (CCDW)
- COF Selling Apr $75s for $3.50 (COFDO)
- CY sold Apr $20s, no change
- DALRQ still buying for .05 (WDAAZ)
- FD Buying Back Mar $45s for .05
- Selling Apr $42.50s for $2.70 (FDDV)
- FXI Waiting for lower price
- Roll Mar $94 (currently $4) to Apr $98 for $4.50 (FJJDV)
- GE Holding Naked! This is one of the few I will be happy to DD on
- IMAX (earnings today) gamble play, shouldn’t be in this folder.
- It’s in here so I stop looking at it during the day, no other reason
- Selling 1/2 at .30 or better (if there’s excitement)
- ISE .30 trailing stop to take out caller
- After that, .50 trailing stop to sell Apr $45s for $4 (ISEDI)
- KMI waiting for a downspike (there’s one every month)
- KO Selling Apr $47.50s for .70 (KODW)
- LVS Rolling Mar $100 put ($13.50) to Apr $95 put ($9.50) (LVSPS)
- MOT Buying Back Mar $20s for .05
- Selling 3/4 (35/50) Apr $17.50s for $1.30 (MOTDW)
- MTU will DD at .80 (YYLAV)
- PGR Selling 2/3 (30/50) Apr $20s for $1.35 (PGRDD)
- SCI happy with this one
- SHLD Buying Back Mar $175s for .25 (I hope)
- Selling Apr 180s for $3.25 (KDUDP)
- SNDK waiting for better price to take out $40 caller
- Rolling to Apr $42.50 for $1.20 (SWQDV)
- TXN Rolling Mar $30 ($1.60) to Apr $30 ($2.20) (TXNDF)
- UNH Selling Apr $55s for $1.35 (UHBDK)
- WFR waiting to take out $55 caller (.25 or less)
- Selling Apr $55s for $3.10
- XOM standing pat
Short Term Virtual Portfolio:
MARCH CONTRACTS
- BTU .20 trail stop on $40 puts
- DIA letting caller and my position expire
- GOOG – must let all expire
- GS .30 stop on buying out $200s
- $210s, get what I can
- HPQ let caller expire
- MC hopeless
- ORCL hopeless
- PD let caller expire
- PHM hopeless (bad end of a spread)
- TIE Buying Back Mar $35s for .05
- Selling Apr $35s for $1.35 (TIEDG)
- TXT hopeless (will play again)
- XLE will play be ear depending on oil direction
OTHER CONTRACTS:
- BP Apr $60 puts – .15 trailing stop on 1/2 ($1.45)
- COP Apr $65 puts – stop 1/2 at $1
We are well covered in Apr with the DIA $120 puts (even at $1.40 so far).
