Category Archives: Today’s Trade

Bought BIDU and sold BIDU calls (BIDU Sep 30 2011 125.0 Call).  Cost: 122.4.  2% return in 3 days, if BIDU stays above 125.      

Cost:$122.5/sh.  Strike: Oct $140.

Bought NFLX and sold NFLX calls (Sept 23, $160), net cost: $153.42/sh.  Potential return (if NFLX stays above 160 by Sept 23rd): 13.7% in one week.

Monthly options for Sept are due to expire tomorrow.  The following are what I did: BIDU: (options spreads) bought to cover BIDU Sept 2011 $105 strike and sold Mar 2012 $110 strike for $3/sh credit.  The net gain on this … Continue reading →

I believe the markets are trading near the lower end of the trading range.  To take advantage of this weakness, I wrote more covered calls for FFIV  and MCP, with a bullish bias (i.e., the calls I sold have out … Continue reading →

Today is the last trading day for the weekly expiring options.  I did the following trades. SLW.  I bought SLW 2 days ago and wrote calls with a strike of 39.  Today SLW is above 39.  I like SLW and … Continue reading →

Covered call of LVS, option strike 47, exp. Aug 12.  Cost: $44.5 SLW: Cost $34.  Call strike: 36, exp: Aug 12th. Expecting a rebound from such dramatic downfall.

I have extra buying power and also my OPEN options expired.  I need to either sell more OPEN options or to sell OPEN and using the funds to get into a better trade.  I did the following calculation:   OPEN  Aug. … Continue reading →