straken
469 posts
msg #103044
- Ignore straken |
10/21/2011 9:56:48 AM
SNDK - 09:42:10 Sold to Open 1000c @ $48.72 - Total: $48728.50
Limit Stop Loss 49.50
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straken
469 posts
msg #103045
- Ignore straken |
10/21/2011 10:42:03 AM
WFT 15.00 OCT 11 C - 10:18:31
Sold to Close 20c @ $0.40 - Total: $772.50
WFT 15.00 OCT 11 C - 10:21:43
Sold to Close 70c @ $0.40 - Total: $2735.00
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straken
469 posts
msg #103046
- Ignore straken |
10/21/2011 11:20:30 AM
CMG 310.00 OCT 11 C - 09:36:18
Bought to Close18c @ $13.25 - Total: $23876.00
CMG 320.00 OCT 11 C - 10:53:46
Sold to Close18c @ $9.30 - Total: $16714.00
Credit on 310 Sale 8640.00
Loss on 310 Cover (6930.00)
Profit on Vol Drop +1710.00
Profit on 320 Sale +8408.00
Total Trade Profit 10118.00
Expected more of a volatility drop on the 310 calls with a vega of .0953 but I didnt happen.
This trade based on a 5.5% pop with a 10% blanket. CMG usually moves 5% after earnings but drops
40 pts of Vol. Vol at execution was 115. At open 98. Amazing its still that high but still a profitable trade for the risk.
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straken
469 posts
msg #103047
- Ignore straken |
10/21/2011 11:42:55 AM
SNDK - Moved Stop loss to 50.00
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machismo
115 posts
msg #103048
- Ignore machismo |
10/21/2011 12:31:53 PM
@ straken nice trading, how long have you been trading options ?
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straken
469 posts
msg #103050
- Ignore straken |
10/21/2011 1:08:03 PM
20th year this year. Took a beating for the first few years until I got better at the game. A lot I my misses came from working and part time trading. I've been semi-retired for the last 4 years and trade options full time now. And the last 4 years have been some of my best.
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Eman93
4,750 posts
msg #103065
- Ignore Eman93 |
10/22/2011 6:10:02 PM
Nice work..
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straken
469 posts
msg #103076
- Ignore straken |
10/24/2011 9:45:27 AM
Thank.
Removed stop loss from SNDK. Will add more shares to short position today. Overweight.
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straken
469 posts
msg #103077
- Ignore straken |
10/24/2011 11:18:01 AM
PSS & AEO currently accumulating above average call volume. No positions yet.
NFLX think you have to give them a shot. Any news will be good news for them, expect beat and guide. Will take positions this afternoon in calls.
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machismo
115 posts
msg #103080
- Ignore machismo |
10/24/2011 1:02:03 PM
@Straken yes really nice work indeed. I also have a gut feeling that NFLX might have upside but calls don't seem very rewarding. I don't have enough technical understanding of option pricing like you do just a feeling, and it's probably gonna take couple of qtrs of upside to bring this dog beaten stock back up.
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