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Post by cosmic on Aug 20, 2010 15:09:24 GMT -5
Apologies to Belle for my five minutes of Tardy, I was watching the live blog for JAZZ. No trades today actually, just couldn't do much with the action. My GOOG call died on the vine  I *think* my JAZZ play is safe - since the stock did not trade today, I believe they will use Thursday's close for determining ITM/ITM positions so that's 10.23.  I am still holding my stupid IWM calls, still slightly under, did not average down today but probably should have as I'd be green.  Hope everyone made some money today and will do so on Monday. Members, please post your results along with your RDA of smileys!  |
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Post by sloop on Aug 20, 2010 15:12:26 GMT -5
bit the dust with FAS yesterday averaged down today to 19.20 with 25K shares. Will just sit and wait. FAS starting to move in the right direction. Praying for an UP Monday.
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Post by demanuel2001 on Aug 20, 2010 15:15:03 GMT -5
Well - I managed to turn a slightly profitable day into a nothing day. I achieved this by dumping 6k shares of LVS at slightly above $29 - ending just a tiny amount up on the day. Don't feel too bad about it. I survived option expiration - a bunch of short puts roll off worthless and I feel the need to be slightly less heavy in LVS over the weekend and also feel a need to revaluate my entire portfolio strategy after a heck of a joyride up over the past 7 weeks.
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Post by bellevuetrader on Aug 20, 2010 15:21:03 GMT -5
Hahahaa...next time don't be late to class!
Shorted FAS...lost couple 100's.
Long FAS....made a couple 100's
Setup my mom's IRA/Retirement account with Scotturd...now I can loose her $$$ instead of mine! LOL!
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Post by tajmahal9898 on Aug 20, 2010 15:21:23 GMT -5
My first SPY trade will be a successful one, my covered 108 call would expire worthless, I get to keep $580
ATEC was down whole day and like yesterday popped back right at close.. something is brewing there..
I wrote N covered calls yesterday in my other account, it will be called. I was holding N for what seems to be a long time.. got them below 10.. All shares except 200 would be called. Realized profit of ~$22,000..
AMAT is below my selling price so I am tempted, CENX looks interesting too..
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Post by jack on Aug 20, 2010 15:22:57 GMT -5
bit the dust with FAS yesterday averaged down today to 19.20 with 25K shares. Will just sit and wait. FAS starting to move in the right direction. Praying for an UP Monday. "I think it'll gap up Sloop!" Its my wedding anniversary on the 23rd and it dare not risk the " Wrath of Khannie-my-beloved" ;D |
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Post by theMIST on Aug 20, 2010 15:26:47 GMT -5
Bought up DRN throughout the day for 39.50 avg. Still holding shares. May dump in AH. EOD action may have just been due to opex.
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Post by papasloth on Aug 20, 2010 15:27:19 GMT -5
Busy day for me.
Rolled some short HPQ Aug. 42 puts over to HPQ Sep. 42 puts (covered Aug. at 2.35, sold Sep. at 2.86 for .51 additional premium. I'm way in the red on these puts).
Covered short HYG Aug. 88 puts at .40 and sold HYG Sep. 87 puts at 1.00, for $1 lower strike and .60 additional premium.
Shorted some AGNC Sep. 26 puts for .25. Will take assignment of some Aug. 27.5 short puts, and sell some 27.5 calls on Monday.
Will allow some JNK to get called away at 39.
Still short some FAZ calls and long some FAS calls. Looking to add to my FAZ short call position if the volatility goes up a bit, or to sell or short some FAS calls if the RIFIN runs to the top of its channel.
I'm positioned bullishly right now.
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Post by sp7015 on Aug 20, 2010 15:32:16 GMT -5
I forgot who posted the post about selling exactly at the top and buying exactly at the bottom but I pretty much did it today on AAPL $250 AUG calls.
The trade started bad yesterday when I bought 5 contracts at $2.07. They then sucked the TP out of them and i adv down and bought 6 more contracts at $1.52.
Well I sold those calls this morning at $1.71. The HOD was $1.77 so I feel glad because that was damb close and the contracts expired worthless.
I unlost around $1055 but all in all for the trade I lost only $114.
Bought FAS 17 AUG 10 WK4 Calls $2.10
Bought BAC 12.50 Jan 12 C $2.91
Bought BAC 12 Sep 10 C 1.06
It looked like money started flowing in EOD. I am hoping we get a gap up or at least a relief rally so I can unload my calls.
You also have BAC and WFC that hit 52 week lows and the other parts of fas are close to 52 week lows.
Bac has a book value of 12.5 so I am banking on a pop sometime soon.
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Post by jack on Aug 20, 2010 15:40:02 GMT -5
I forgot who posted the post about selling exactly at the top and buying exactly at the bottom but I pretty much did it today on AAPL $250 AUG calls. The trade started bad yesterday when I bought 5 contracts at $2.07. They then sucked the TP out of them and i adv down and bought 6 more contracts at $1.52. Well I sold those calls this morning at $1.71. The HOD was $1.77 so I feel glad because that was damb close and the contracts expired worthless. I unlost around $1055 but all in all for the trade I lost only $114. Bought FAS 17 AUG 10 WK4 Calls $2.10 Bought BAC 12.50 Jan 12 C $2.91 Bought BAC 12 Sep 10 C 1.06 It looked like money started flowing in EOD. I am hoping we get a gap up or at least a relief rally so I can unload my calls. You also have BAC and WFC that hit 52 week lows and the other parts of fas are close to 52 week lows. Bac has a book value of 12.5 so I am banking on a pop sometime soon. "I forgot who posted the post about selling exactly at the top and buying exactly at the bottom..." Not me - I'm an expert in doing the reverse tho... LOL!!! |
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Post by Clinton SPX on Aug 20, 2010 15:42:23 GMT -5
Jack, your too funny
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Post by Rothschild on Aug 20, 2010 15:54:10 GMT -5
I was stopped out of my financial longs for a small loss. We are in between a key pivot form 1068 and 1092s so anything is possible. My bias for Monday is still Bull and I rebought a basket of financial plays including our beloved FAS  Hope everyone made lots of money and have a wonderful and blessed weekend. |
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Post by jack on Aug 20, 2010 15:57:53 GMT -5
Clint, You and all the rest of the Gang here are great. I've learned a LOT from y'all and got a long way to go so if my contribution is nothing but a smile that's good by me. Thanks ;D Have a grt w/e Gang seeya later |
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Post by tajmahal9898 on Aug 20, 2010 18:04:34 GMT -5
update:
sold ~550 shares of SPY at 107.65 AH.. ~450 are still in the queue.. Don't need protection anymore for Aug 108 calls as they are going to expire worthless.
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Post by timber on Aug 20, 2010 18:15:12 GMT -5
i dont know what i did today.....nice fas trade....holding all jazz shorts and puts....one short yen trade too
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Post by tajmahal9898 on Aug 20, 2010 18:36:56 GMT -5
final update of the day: sold remaining SPY shares.. let's start fresh next week..
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Post by timber on Aug 20, 2010 18:37:44 GMT -5
my four leaf clover really works
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Post by exabi on Aug 20, 2010 18:41:36 GMT -5
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Post by Rich on Aug 20, 2010 20:17:44 GMT -5
I was too scared to trade today.
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Hope everyone made lots of money and have a wonderful and blessed weekend. 
