Category Archives: Today’s Trade

Trade of this week: covered call of FFIV (strike 105).

Posted on June 13, 2011 by admin

Was out of town last week and just returned late yesterday.  Last week was another bloodbath and I bled as well.  Several of my option spreads lost money.  My NFLX 160 put long was exercised and I was long 10ooo … Continue reading →

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Positions for this week

Posted on June 6, 2011 by admin

Bidu: set up 2 spreads in 2 different accounts.  120-125 put spread for $0.4/sh profit. 125-130 for another account for $0.92/sh. nflx, 255-260, put spread for $0.8/sh pcln, put spread 480-485, $0.35/sh mcp, put spread 55-57.5, $0.38/sh.

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SLW

Posted on June 2, 2011 by admin

I added a covered call of SLW today (i.e., bought SLW and sold SLW Jun. 18 expiration call at strike price of 36).  My cost (cost of purchasing SLW shares – the profit of selling Jun. 18 call) = $34.7. … Continue reading →

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Several bullish (put) spreads for the week

Posted on May 31, 2011 by admin

I can’t tell how the market will go in the long term, but it appears the market is calm and bullish for this short week.  Also the major indexes all bounced above their support level, making these support levels even … Continue reading →

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What to trade next week?

Posted on May 29, 2011 by admin

NFLX is overbought.  NFLX broke out of the 260 resistance.  The one-year chart below shows whenever RSI goes above 70, it has been always followed by a correction.  RSI is now at 71.  I don’t expect NFLX price to continue … Continue reading →

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BIDU credit put spread

Posted on May 24, 2011 by admin

I purchased a put spread of BIDU today: long weekly 120 put, short weekly 125 put.  Credit: $0.4.  4 days to expire.  The reason I chose 120-125 is b/c that area (see above) shows a lot of support.  I don’t believe … Continue reading →

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Panicking market to most traders, a golden opportunity to me.

Posted on May 23, 2011 by admin

I love this type of volatile markets, where the weak and unprepared hands are washed out, leaving the true players in the game.  I placed 2 orders this morning, and they were both filled. NFLX weekly spread: 225-230 call, with … Continue reading →

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OPEN: A case study of how to roll up.

Posted on May 19, 2011 by admin

OPEN: We started a position on OPEN on 3/21/11 with a covered call (April 16, $90), cost 86.8.  On 4/14/11, OPEN was above 104.  We rolled up the April call to May 21, $90, for an additional profit of $2.7. … Continue reading →

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This week’s trades

Posted on May 16, 2011 by admin

I set up the following trades today. A put spread for NFLX today (long 230 put, short 235 put, exp this Fri), $50/pair of contract.  NFLX’s 20 day SMA is 237.   I chose put, b/c of higher profit. A … Continue reading →

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PCLN, NFLX & LVS spreads

Posted on May 10, 2011 by admin

Today, I set up several spreads: PCLN: long weekly 510 put, short weekly 515 put, net credit: $.6/spread.  This is a bit riskier than the 500/505 spread.  Due to low volume, I couldn’t get 500/505 nor 505/510 spreads.  The 510/515 … Continue reading →

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