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Post by cosmic on Apr 15, 2011 15:15:58 GMT -5
With only 8 days till Heir Torpedo hits south Florida, how could I be anything except upbeat and excited? Mr market up nicely today on opex, kudos to the bulls on them not paying any puts. Who knows what Monday brings.  Sold my fas shares held at close yesterday for a nice .41 profit.  Sold the last few sqnm calls today after playing with the mm all morning who wouldn't buy them. It took forever to unload those contracts. 122% realized gain.  Bought random bac calls throughout the chain from late April through September.  Hope everyone made some money today and will do so onmonday. Members, please post your results along with your RDA of new and improved smileys!  |
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Post by demanuel2001 on Apr 15, 2011 15:28:09 GMT -5
Disappointing end of the week as LVS dropped towards the close. Rest of portfolio up. NEt for the day was a decline of 1/4% of portfolio value. Looking forward to strong performance next week. Sold a few LVS $44 puts for next Friday.
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Post by tajmahal9898 on Apr 15, 2011 15:42:12 GMT -5
Sold VXX 29 calls weekly (today's expiry)
210 calls filled at 14 and 15 cents..
sold another 90 VXX 29 calls weekly for 7 cents..
these calls will expire worthless -- realized profit of ~$3,300
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Post by Clinton SPX on Apr 15, 2011 16:30:53 GMT -5
Not a bad day
TGC +3%
Account +.9%
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Post by davetherave on Apr 15, 2011 17:04:42 GMT -5
 Did not like the action in my miners today given commodity prices. If we have turned some sort of corner in the broader market and are headed up from here...this group could be used as a source of funds. I know the trend in metals is up but it was time to take some off the table today for me. ;D EXK sold 60% of position at 11.93 for a 22% profit on the piece. (just adding to the previously booked profits in the name)  NGD Sold 50% of position for a 5% loss on the piece..overall still in the money on the name  WNR added last portion of position at 18.12.... HAL - started a position in the name today.... added 1/3 of a full position in front of earnings at 46.67. The name looks OK here. A friend tipped me off to this today...we will see. I gotta get an earnings calendar! SDS - sold remaining position to take a little hedge off. A wash on the trade. Long WNR, EXK, HAL, NGD.... Have a nice weekend folks!
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Post by novice08 on Apr 15, 2011 17:05:30 GMT -5
A bit ticked off that the miners were down with market and the PMs up, but good ole exk ended up a bit after a huge runup this morning. LNG up nicely. And looky at mvis which I don't own!
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Post by Rothschild on Apr 15, 2011 18:24:15 GMT -5
Gang, Today was an absolute rockin day for me! I gave Fastopia FLML yesterday @ 5.30s and today it yielded me a cool 8%! Theres plenty of meat on those bones. Could they get bought out on Monday? Maybe! Although I do not have any actual knowledge of that; just speculation on my part Have a wonderful weekend everybody; spring is in the air and romance is blooming everywhere Tell your loved ones and the ones that you plan on loving how much you love them this weekend |
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Post by papasloth on Apr 15, 2011 20:17:52 GMT -5
Busy opex day. Last couple of weeks have been green for my SVNT position and red for my MCP. I just started trading MCP three weeks ago, and have taken a bearish position, and I've been getting hammered. I started today with a small margin call, which was easy to clear, but it made life a little more complicated when it came time to roll over some positions. I had to pay to close out some of my short out-of-the-money options to free enough margin to sell to open the next position. Anyway:
CLWR
Short Jun 5 puts, very small position, I closed this out to free up some margin. Sold to open last month for .6415/sh, bought to close for .40/sh, for a small profit. I'm out of CLWR for now.
LDK
Short Apr 10 puts, sold to open for .44/sh, bought to close for .04 to free up some margin. Would normally have let these expire out of the money. Used the free margin to short May 10 puts for .39/sh
MCP
I was short Apr 65 calls, sold to open for 5.20/sh. Bought to close for 8.80/sh. For each 1X contract of the Apr 65 calls, I sold to open 1.25X contracts of the Jun 75 calls for 6.80/sh. I also sold a small number of Apr weekly 75 calls so that this was break even on cash (that is, I spent the same amount buying options as I gained from selling options). The net result is I'm holding this options for the next two months, but I improved my strike price by $10/sh and went from being short in-the-money options to being short out-of-the-money options without spending any additional money. I'm also still short May 70 calls.
SVNT
Short Apr 9 puts, sold to open for .20/sh. Would normally have let these expire out of the money, but bought to close for .03/sh to free up some margin.
Short Apr 10 puts, sold to open for .45/sh, out of the money but bought to cover for .04/sh.
Short Apr 11 puts, sold to open for 1.50/sh, will take assignment over the weekend, adding to my existing long position. SVNT closed at 10.78/sh, so my net profit on the position is 1.28/sh.
Wrote May 11 calls covered calls on the stock position I'm taking over the weekend for .42/sh, adding to my existing May 11 covered calls.
After all that flailing around, I ended the day with just enough cash to cover my SVNT put assignment, with about $1470 left over, and $195.61 more margin equity than my margin maintenance requirement. That's closer to the line than I like, obviously. I may close out some of the LDK or SVNT position next week if MCP keeps going up. There's been a lot of insider selling in MCP, and a stock lockup expires next week, so there's every reason to expect more insider selling next week. Also, earnings is coming up May 10, and I'm expecting a sell off after then. Until then, I'm hoping for a positive trade outcome with China at the G20 summit to ease the current fear-driven spike in rare earth prices, or at the very least some general tanking in the market that takes MCP down as well. If I've learned one lesson from MCP, it's that you shouldn't fight JP Morgan. They led the IPO for MCP and are also handling the insider stock sales. They've raised the target on MCP twice over the last two weeks leading into the lockup expiration. Go figure. It's almost like they want to get the stock price up before they sell shares.
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Post by sp7015 on Apr 15, 2011 22:04:12 GMT -5
I thought aapl was going to continue the move upward after the close on bullish close on Wed. Now with the sell off this Fri I don't know what to think.
I am in may call spreads and short put spreads for a hopefull run up into earnings. If we don't move up I will more than likely close them out.
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