MDVN Sold

MDVN hit its 8% TSL too, -7.2%, opened 3/25.

It's time to sort out the stock showing strength or exceptional value and open positions in them.

More Carnage - CELG & SNCR Gone

CELG and SNCR hit their 8% TSL orders, -7.8, +2.3% respectively.

LCI got knocked down 8.2% - that's not good for a long option position.

Other stock holdings hit: UBNT, BDSI down > 4.2%, MDVN down 3.4%.

The good news? I'm raising cash!

BIIB gone, long UBNT

BIIB missed and hit the 8% TSL. -7.5%, opened 4/9. It's been a rough week for earnings.

I have bids in for UBNT calls.

Update:

NXPI and IDTI both hit the 8% TSL triggers. -7.3% and -7.6% respectively. Brutal day for semis.

There were no nibbles on my UBNT call order - I was expecting another dip. Too bad - what an awesome recovery.

INFN had a good day for a tech stock. Glad to be out of TRN!

SBS Gone, More INFN, UBNT?

SBS hit the limit sell, +1.1%, opened 4/9. That's probably 14% more than I'd get if I wait for the earnings report.

I bought INFN shares - already holding May calls.

UBNT's CFO left after two years. Buy, sell, hold, jump? Dunno. STw

INFN TRN

INFN reported yesterday, earnings were 16 c/sh vs est of 11c/sh (+45%), and beat the revenue estimate slightly.

TRN may have more litigation ahead. I've been long TRN since the last scare and I'm still underwater. I may have to throw in the towel and wait for a bottom.

Update
1/3 of my DFS shares sold (highest cost basis). -10.2%, opened 12/2/2014.

TRN triggered two stop loss orders. -24.5%, opened 9/17/2014 on. Sigh ...

+INFN -LRCX

LRCX popped but drifted into the 3% TSL order. +7.8%, position opened 4/9.

I bought May calls for INFN which reports April 28 amc.

INFN SBS

EPS estimates for SBS for the next Q were revised downward this week from +9c to -8c/share. I'll be looking to close my share position well before their earnings report on May 14 (amc). The previous two ERs missed big (-54 & -78%).

I'm adding INFN to my watchlist.

PANW Closed, SDRL Gone

My April PANW call spread sold today, +28.8%. Position opened 4/1.

The short leg of the LCI spread will likely expire worthless (< $70) so I'll have another month to play with it.

I own no shares of  either equity at the moment.

My SDRL shares sold when my 5% TSL order triggered, +16.1%. Position opened 4/9.

Back in 5

Not really. Anyway ...

Recent Options Action

I spread my March SWKS calls with both legs expiring ITM for nice +616.6% gain.

For April expiration, I spread my PANW calls for a $130/$140 bull call spread.

I did a calendar spread for my LCI May $50s with Apr $70s which are now just ITM.

I also bought May ODFL calls which are biding their time apparently.

Stocks

My last watchlist binge was on BIIB  LCRX ODFL NXPI SBS and SDRL. SDRL has had a good run - everything else, not so much.

Older holdings faring well: BLKB SNCR. I'm almost above water again with UBNT (finally).