Cosmic's MarketPlace Wrap - 12/13/2010

[cosmic]

Up to 40+ on the Dow, back down to 18+, donk off some calls or try to cover them... all about Opex this week. Traditionally if the Friday before Opex is bullish, then Opex tends to be bullish. However that does not mean there won't be a lot of whiffle in between. ;D

I sold ELON today for a 27% profit. I looked for calls to sell against it and it's just one of those option chains you really can't work with too much.

I picked up some ELON 12.5 Jan calls for next to nothing, # contracts = same share count, so I can't really lose more than .10 per share, risk is known.

Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!

[demanuel2001]

Been legging LVS options into January. Bit of a nothing day. Once mutual funds settle up less than 1/2%.

[papasloth]

Rolled over my short LDK Dec. 12 puts for short Jan. 11 puts. Sold 15x Jan. puts for each 11x Dec. put, so cash neutral. Dec 12 puts had very little theta left, so I increased the amount of theta I collect each day.

My SVNT short Dec 15 calls, short Dec 11 puts and shart Dec 12 puts are all green. Dec 12 puts are currently in-the-money, so I'll probably roll those over on options expiration day, if SVNT stays under 12. I'm expecting SVNT to trade flat until earnings releases start to reflect Krystexxa sales in February.

My HGSI short Apr 26 calls are green, and my HGSI short Dec 24 puts are even. The Dec 24 puts are also currently in-the-money, so I'll probably roll those over as well, if needed. HGSI should also be flattish until the extended PDUFA date in March, unless there's an early decision or buyout rumors.

Flat is good for shorting options.

[maxi]

Taking a break. Playing it safe i guess. I am holding HAL and JOEZ only
Sold TGB at 5.17 and PHM at 7.07....

[jack]

Bought another 1K CNL @ 9.10:

www.stockwatch.com/Quote/Detail.aspx?symbol=CNL®ion=C

[Rich]

I managed to lose 100 bucks today on that last hour.

I cut it quick once fas went below 27

[timber]

i really didnt do much....just shorted some more ung and sold my silver long

[actuarynomore]

Added to my FAZ holdings - Can't get enough courage to buy FAS at these levels - Will wait it out - Did pick up some more ZTHO - I don't think we'll see many more shares sell for less than a buck - Hoping (and I emphasize hope) for $3 early next year - We'll see - Glad my bout with the flu is over - I got nailed big time - Hope everyone has a great evening and can't wait to see what Cos wants from 12 of us - See you tomorrow - Dave

[timber]

12 days of christmas is what im thinking now....pretty Corny

[exabi]

No trades, uppy then downy on PCX...glad I was outta CLD - down 7% today on secondary issue which I haven't figured out yet.

[brosin]

Real Life

FFR was level at .16% and remains in 'deployment on risk' levels.

FOMC meeting is tomorrow...

Monopoly World / real time entries tracked in my blog

Big Cap - took a bit of hit, -4.7% thanks to YOKU... a few moves

Sells:
(all 2x long) BONA @ $7.02 / +1.7%
(all) DRYS @ $6.26 / +2.7%
(all) FCG @ $19.20 / +1.1%

Shorted:
(add) IRE @ $2.90, avg $2.77 unrealized -1.7% on 7x short position
(add) BKE @ $39.20, avg $36.81 unrealized -6.6% on 10x short position
(add) S @ $4.43, avg $4.25 unrealized -2.7% on 3x short position

Buy:
(to cover) SOHU @ $75 / +4.6%
(add) MOBI $5.65, avg $6.20 unrealized -13.6% on 2x long position

Allocation now 25% long, 75% short


Scalp Trades - no moves, account breakeven on the day, still holding FAZ

Options Account - no moves, all cash


All in all, accounts were -3.3% on the day

[popistoc]

No trades,

Still losing money on my OREX 8, 9 and 10 Dec calls.

popistoc