Showing posts with label MELA. Show all posts
Showing posts with label MELA. Show all posts

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

Friday, January 8, 2010

Bought MELA calls

Bought July 2010 $5 MELA calls for $6.00 per share. MELA is a micro-cap currently trading at $10.33. If I exercise the calls, MELA will be just 0.5% of my portfolio. This is a small position because of the risk involved; it will only gain value if MELA's flagship product gets FDA approval.