|
|
stock share, stock option
[Weekend Summary]
Dear Member:
The markets looked strong today. The major averages were up on average or better than average volume. My Biotech ETF (BBH) play worked well. As you know, I had sold the May 185 calls some time ago for $1.80. Just before BBH made its $5 up move today, I bought to close those May 185's for $0.70 and was able to realize a $1.10 a share profit on that position before commission. Of course, I still own the Jan '07 200 calls. I may roll them to 08's, but also expect an opportunity to sell more shorter term calls against the long position.
The spreads on Micron (MU)(long the '08 $10 calls and short the '08 $17.50 calls) and SPY (long the Dec '07 120 calls and short the Dec '07 140 calls) are both already show unrealized gains. The diagonalized calendar spread on the tech ETF (XLK) (long the Jan '08 15 calls and short the Jan '07 22 calls) is in good position.
Unit (UNT) has moved up fairly sharply so I may adjust the short 60 call leg on my condor depending on the action early next week. Conoco Phillips (COP) retreated a bit this week and that didn't help my straddle.
For the very patient, Sirius Radio (SIRI) is meandering up the uptrend line.
I bought Telefonos de Mexico LEAPS calls this week and the stock responded by making a move in the right direction for me.
If the markets stay strong as they are now suggesting they might, there could be some good opportunities on the horizon.
Thank you for subscribing. I hope the service helps you to understand some of the many option strategies and some adjustments to strategies that may be available. Have a terrific weekend.
Bill
|
Home |
Subscribe |
All Rights Reserved |
Privacy Policy |
Advertising |
Contact Us |
Terms of Use |
Disclaimer |
Links
|
stock share
stock option
|
