Archives for October 2011

Order Adjustment : WMT

Stock / Symbol: Walmart / WMT Order Adjustment: Lowering ask from $2.75 to $2.70. Trade Details: STC 1 WMT Jan12 50 Call BTC -1 WMT OctWk4 52.5 Call for a net credit of $2.70 per [Read More …]

New Trade : calendar call spread

Stock / Symbol: [private_monthly]Johnson & Johnson / JNJ[/private_monthly] Price at trade post: $65.70 Option Strategy: calendar call spread Reasoning: We going back to [private_monthly]JNJ[/private_monthly], which does not historically have drastic moves, making it an ideal [Read More …]

Closing Trade: WMT diagonal call spread

Stock / Symbol: Walmart / WMT Option Strategy: diagonal call spread Date of trade entry: May 26 Price at trade entry: $54.61 Price at this post: $57.05 Current Position: Long 1 WMT Jan12 50 Call [Read More …]

Closing Trade : X call ratio spread

Stock / Symbol: US Steel / X Option Strategy: call ratio spread Trade entry date: Oct 25 Price at entry: $22.73 Price at this post: $26.40 Reasoning: With our short calls well ITM, we’re going [Read More …]

New Trade : call ratio spread

Stock / Symbol: [private_monthly]US Steel / X[/private_monthly] Price at this post: $22.65 Reasoning: [private_monthly]X[/private_monthly] reported this morning and beat the street’s revenue projections. However, guidance was bad and the stock is down 8.6% ($22.64). We [Read More …]

Closing Trade : JNJ calls

Stock / Symbol: Johnson & Johnson / JNJ Trade entry date: Oct 5 Price at trade entry: $62.40 Option Strategy: long calls to protect calendar position Current Position: [private_monthly] Long 2 JNJ Apr12 60 Calls [Read More …]

Trade Adjustment : covered call

Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly] Option Strategy: covered call Trade entry date: July 18th Price at trade entry: $9.85 Price at this post: $6.29 Current Position: [private_monthly] Long 200 shares of LNG [Read More …]

Trade Update : GLD bull put spread

Stock Symbol: GLD Option Strategy: bull put spread Trade entry date: Sep 26 Price at trade entry: $155.27 Price at this post: $159.26 Update: Looks like GLD will easily end the day over $136, allowing [Read More …]

Trade Adjustment : FCX position

Stock / Symbol: [private_monthly]Freeport-McMoran / FCX [/private_monthly] Option Strategy: calendar call spread w/ protective call Trade entry dates: Apr 19th & Sep 14 Prices at entry points: $51.68 & $41.53 Price at this post: $36.08 [Read More …]

Closing Trade : FITB diagonal call spread

Stock / Symbol: [private_monthly]Fifth Third Bancorp / FITB[/private_monthly] Opening Option Strategy: diagonal call spread Trade entry date: April 1 Price at trade entry: $14.04 Price at this post: $11.72 Reasoning: We’ve managed to improve this [Read More …]