Thursday, June 24, 2010

Bought HNR calls

I bought December 2010 $5 calls on HNR for $3.40 per share. This is a small, speculative position.

Closed SPXU calls

At the close of trading today, I sold-to-close my SPXU calls for $3.50 per share. I paid $2.65 per share; a successful transaction.

Wednesday, June 23, 2010

Bought SPXU calls

At the close of trading today, I bought $33 July calls on SPXU for $2.65 per share.

In and out of SDS

I was in and out of SDS today for a small (1%) profit.

Friday, June 18, 2010

Bought CCJ calls

Bought Jan 22 2011 $20 Calls on CCJ for $4.50 per share.

My June $108 SPY puts will expire unexercised.

Friday, June 11, 2010

SPXU, FPL, SPY calls

Yesterday I was in and out of SPXU, with a 1.4% loss--ouch. I sold FPL for $50.27. I also closed my June $12.50 GTI puts for $0.05.

Today I sold my SPY June $107 calls for $3.00.

Wednesday, June 9, 2010


Sold SPXU for $37.05.

SPXU, SPY straddle

Ahead of the Beige Book release:

Bought SPXY (S&P 500 3x short), for $35.80.
Bought a June straddle on SPY (bought June $107 calls @ $2.23, bought an equal number June $108 puts @ $2.42).

One buys straddles when one anticipates a large move in a stock or index, but doesn't know in what direction.

Monday, June 7, 2010

Sold AAPL puts

Sold the AAPL puts I just bought for $6.36, a nice little gain. Nothing earth-shattering at the WWDC event, just good business. A nice little profit on the puts, though.

Bought AAPL puts

About 5 minutes before the WWDC speech is scheduled to start, I've bought enough AAPL puts to cover the calls I currently own. The reason is, that even though I don't own AAPL outright, the calls make up a significant enough portion of my portfolio (about 5%) that I want to be covered. I bought June $250 puts for $5.20 each. I'll probably sell them later today.

Tuesday, June 1, 2010

Sold BP calls, RIG calls

I sold my June BP calls for $1.00 and my 2012 RIG calls for $12.00. Ouch.

Sold newly put GSK shares

I sold the GSK shares I was put for $34.10 (they cost me $33.50; the $35 strike minus the $1.50 premium). I made the option trade because it was an unusually good option premium for such a short time frame (four days, from May 20th to May 24th).

I sold the shares because I already have sufficient exposure via 2012 $40 strike calls.