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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straken
469 posts
msg #103081
- Ignore straken |
10/24/2011 2:40:42 PM
Any sign of good hope and they go to 3.50+ This co has realized they've made some big mistakes and after the conference call the vol will increase. That will hold the value. If they don't, there are several ways to repair a position.
NFLX 150.00 NOV 11 C - 11:30:26
Bought to Open 200c @ $2.25 - Total: $45162.25
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straken
469 posts
msg #103082
- Ignore straken |
10/24/2011 2:59:47 PM
Hope here will diminish.
HALO 7.50 NOV 11 P - 02:34:29
Bought to Open 28c @ $0.25 - Total: $733.50
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