Saturday, May 29, 2010

GTI, GSK, INTC, NE, SDS, PCL, MELA, BP, KCI, RIG

Sold GTI $12.5 strike June puts @ $0.35.
Sold GSK $35 strike May puts @ $1.50. Was assigned shares.
Sold INTC $20 strike July puts @ $1.04
Bought NE $30 strike Jan 2012 calls @ $7.60
Hedged: Bought SDS @ $35.44; sold same day for $34.79
Bought PCL for $33.38. Sold for $35.12 a few days later.
Sold-to-close MELA calls for $2.75, on a 30% stock price pop. I may repurchase longer-dated calls later, cheaper.
Bought BP $44 strike June calls for $2.74.
Sold KCI @ $41.27. I may buy LEAPS on the stock later.
Bought RIG $50 strike Jan 2012 calls @ $15.20