Tight leash means tight leash, the trade is now a bit binary but leaning more towards a loss than a gain in the next 2 trading days, we are going to close the trade and …
Continue readingTrade Update Dec
Back in late November we put on 2 bullish trades in XLF, both with very different risk profiles, but both left us long Jan 22 calls for .10 with an eye towards playing for a …
Continue reading3rd Trade Update Jan 15th, 2013 at 2:51pm: Since buying the QCOM Jan13 62.50/65 call spread in mid Dec when the stock was below $60, the stock has rebounded nearly 7% and recently made new multi …
Continue readingTrade Update Dec 20th, 2012: With RIMM up 16% in the 2 weeks since I initiated the Dec weekly 11.50 / Dec regular 12 Put Calendar*, my trade has lost two thirds of its value. The …
Continue readingSo this one has been a battle to say the least. I’m long the NKE Dec 95/92.5 put spread at a cost of 42c going into the earnings announcement and with only 1 day until …
Continue readingTrade Update Dec 20th, 2012 at 10:04am: With JOY straddling the 62.5 strike, and one day until expiration, the calendar is worth more than a double from what I paid last week prior to its …
Continue readingTrade Update Dec 19th, 3:10 pm: I initiated a delta neutral Dec / Jan calendar in FDX yesterday before earnings because I thought the push / pull setup in the FDX story made a small …
Continue reading2nd Trade Update Dec 18th, 2012 at 11:30am: Since buying the QCOM Jan13 62.50/65 call spread Friday afternoon when the stock was below $60, the stock has rebounded nearly 5% filling in the entire gap …
Continue readingTrade Update Dec 17th: 11:54am After getting a little geeked up on QCOM’s sell off on Friday, and trading 2 different bullish structures, I’m going to take advantage of today’s 3% rally to close the call calendar and …
Continue readingTrade Update Dec 14th, 2012 at 9:50 am: When we initiated the long AAPL Jan13 1×2 540 / 580 call spread almost 1 month ago, AAPL stock was trading at $528.20 and we were expecting a bounce. Since …
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