Tuesday, February 15, 2011

Sold INTC, bought ROC, bought OXM calls

in the past few weeks I have performed the following actions:

Sold INTC at $21.06
Bought $22.50 strike July calls on OXM for $3.80
Bought ROC for $44.00, making a 4% position.

Wednesday, January 26, 2011

Sold AFSI puts, bought AAPL calls, sold PG

In the past few days I have performed the following trades;

I sold June 2011 $17.50 AFSI puts for $0.90 per share.
I bought Jan 2013 $330 AAPL calls for $63.00 per share.
I sold PG for $66.57 per share.

Thursday, December 30, 2010

Exercised CCJ calls, sold CCJ

I exercised the Jan2011 $20 calls I bought on CCJ. I then sold the stock for $40.84.

I bought the calls in June2010 for $4.50 per share. As the price of CCJ increased, the value of the calls increased apace.

At this time I had two profitable choices:

1) Exercise the calls. I would pay $20 for a stock currently selling around $40. I could then either hold CCJ in anticipation of further appreciation, or sell it immediately and bank the cash gain.
$ profit = (Revenue - Cost) * # shares
$ profit = ((current price) - (premium paid + strike price)) * # shares
$ profit = (($40.84) - ($4.50 + $20.00)) * # shares
For a profit of $1,634 per contract.

2) I could sell the calls to another buyer. The bid price for the calls at that point was about $20
$ profit = (Revenue - Cost) * # shares
$ profit = (current premium of calls - premium paid) * # shares
$ profit = ($20.00 - $4.50) * # shares
For a profit of $1,550 per contract.

It's useful to look at different scenarios to see which is more profitable.

Tuesday, December 21, 2010

Sold CDXS, bought more MAXY

A few weeks ago, MAXY spun of CDXS. I've now sold the CDXS shares I received. I bought more MAXY.

Monday, December 20, 2010

BRS, FNF, HNR calls expired

My calls on BRS, FNF, and HNR expired in-the-money over the weekend. I now own BRS @ $30, FNF @ $12.50, and HNR @ $5.00.

Thursday, November 11, 2010

Bought LLL calls

Bought Jan 2013 $60 calls on LLL for $15.50 per share.

Friday, November 5, 2010

Closed SLW puts

Sold-to-close my December $21 puts on SLW, for $0.10 per share.