5.9 C
New York
Friday, March 29, 2024

Thursday Virtual Portfolio Moves

November 1st, 2007 at 9:42 am | Permalink   edit

UTHR - and to think yesterday we were worried about the low end of the spread! The whole trade can be cased out up $3,600 and that’s plenty for the $10 and $25KP, it’s not worth finessing at this point, we could just buy some $85 puts, now $1.65, for the pullback but I’m happy where we are. XXX

November 1st, 2007 at 9:51 am | Permalink   edit

XOM/TSO - where were you for the past few weeks? Now it’s a little later - not terribly so but I wouldn’t want to chase things down today.

BIDU massively unrealistic! $360 puts back at $11, I’m bidding $10 and, unless the Dow bounces back to 13,800, I will just keep rolling up!

Posts - I did Mr. S but I was sidetracked today, we can talk about them this evening assuming there’s still a market to talk about.

CROX - doing nothing is the move for now if you can’t afford to roll but rolling to 2x the $60 puts at $8.60 and selling 2X the $55 puts at $3.60 is the correct move (but you need to lay out $6.50 per current contract). XXX

November 1st, 2007 at 10:10 am | Permalink   edit

C is trading like it’s the end of the world! I’d love to buy them here but this is an astounding sell-off and they blew right through the 5% rule at $38.90 so we should really wait for them to test that first. BAC popping back already, this is one of those best-case scenarios for my BAC 15% play as we get to take out a caller early and maybe get another sale for November.

ISM Manufacturing just 50.9, also very low and prices paid up from 59 to 63, that’s massive infaltion and manufacturing slowdown = STAGFLATION!

Want to see more?

Reap the benefits of one of our paid membership plans and get access to articles like these PLUS:

  • Insightful daily market reviews
  • Educational guides and posts
  • Access to our Virtual Trading portfolios
  • Unique trading opportunities
  • LIVE trading webinars
  • Intraday market commentary from Phil
  • Our community of traders

Our plans pay for themselves — Don't hesitate!

Join Risk-Free Today!
Already a member? Please sign in.

1 COMMENT

1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,449FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles