I bought GTLS shares and calls yesterday.
Today I bought calls in CLMT, FTK, and MPEL, and shares in FTK.
CMI hit its trailing stop today, +3.99%.
Thursday, March 22, 2012
Monday, March 19, 2012
This Little Piggy
didn't get slaughtered, but instead rang the register today.
I didn't particularly care for AAPL's news of a dividend and stock buy-backs, nor did I like the way it was trading this morning. I set a limit order for my calls that would close 'em out with a nice gain. It triggered later in the day, netting +44.9%. Not too bad for seven trading days. I'll come back to the well after some consolidation.
I also opted to close out my ABMD calls at even and change, +3.5%.
I bought some OTM September KOG calls, just in case the fit hits the shan with Iran.
I didn't particularly care for AAPL's news of a dividend and stock buy-backs, nor did I like the way it was trading this morning. I set a limit order for my calls that would close 'em out with a nice gain. It triggered later in the day, netting +44.9%. Not too bad for seven trading days. I'll come back to the well after some consolidation.
I also opted to close out my ABMD calls at even and change, +3.5%.
I bought some OTM September KOG calls, just in case the fit hits the shan with Iran.
Sunday, March 18, 2012
Ye of Little Faith
That was me this month. In almost every instance I sold too soon - either the position or the short call of a spread.
FTK made me nervous when it dropped over 2 points from $12.50. I locked in my spread at $10. It closed Friday over $12. Net +10.3%.
I made a good move with my WPRT spread when I rolled the short call from $42 to $44 when it was running good, then covered the $44 calls when it pulled back. But again, I sold-to-open the $42 calls too early. WPRT closed Friday over $47. Net +49.6%.
My ABT $47.50 covered calls are for May, so those shares haven't been called yet. The WYN $45 covered calls did expire ITM so my shares closed out. Net +3.0%.
Other cases were CMI and MPEL, and to a lesser extent SPRD, STLD, SCCO, all rebounding somewhat. But at least I called it right by selling my SIMG puts and HMY calls.
And in the rear view mirror department, perhaps I should have bought ATLS calls instead of OAS, up 23.5% Friday. It wasn't because I didn't consider it.
FTK made me nervous when it dropped over 2 points from $12.50. I locked in my spread at $10. It closed Friday over $12. Net +10.3%.
I made a good move with my WPRT spread when I rolled the short call from $42 to $44 when it was running good, then covered the $44 calls when it pulled back. But again, I sold-to-open the $42 calls too early. WPRT closed Friday over $47. Net +49.6%.
My ABT $47.50 covered calls are for May, so those shares haven't been called yet. The WYN $45 covered calls did expire ITM so my shares closed out. Net +3.0%.
Other cases were CMI and MPEL, and to a lesser extent SPRD, STLD, SCCO, all rebounding somewhat. But at least I called it right by selling my SIMG puts and HMY calls.
And in the rear view mirror department, perhaps I should have bought ATLS calls instead of OAS, up 23.5% Friday. It wasn't because I didn't consider it.
Thursday, March 15, 2012
'Twas the Night Before Expiration
I started getting nervous about WPRT so I sold my April calls when the stock gapped up at the open, netting +28.6%. Too bad I didn't wait for later in the day when I could have grossed 50%. WPRT closed up 5.4%.
AAPL hit $600 but closed down. ARR and CMI picked up the slack on the stock side, with an assist from CMG call options.
FTK and WPRT call spreads will close out tomorrow. ABT has blown through the $57.50 strike of the covered call, and my WYN shares will probably get called too. This week's rally was a pleasant surprise. It's nice to have such high quality problems!
AAPL hit $600 but closed down. ARR and CMI picked up the slack on the stock side, with an assist from CMG call options.
FTK and WPRT call spreads will close out tomorrow. ABT has blown through the $57.50 strike of the covered call, and my WYN shares will probably get called too. This week's rally was a pleasant surprise. It's nice to have such high quality problems!
Wednesday, March 14, 2012
An Eye for a G
Tuesday, March 13, 2012
CMI Gone
There are times when you're just glad to be invested in the market.Today was one of those days.
Last week I converted my CMI calls to a bull call spread by selling March $120 calls when the stock moved above that price intraday. It closed below that Thursday and even lower on Friday, but had a nice rally today which triggered a limit sell order. I could fret about losing some profit, but not after seeing how WPRT dropped late in the day. Netting +34% in 6 days will have to do.
Last week I converted my CMI calls to a bull call spread by selling March $120 calls when the stock moved above that price intraday. It closed below that Thursday and even lower on Friday, but had a nice rally today which triggered a limit sell order. I could fret about losing some profit, but not after seeing how WPRT dropped late in the day. Netting +34% in 6 days will have to do.
Friday, March 9, 2012
ARR++
I bought more ARR. Who didn't see that coming? :-)
All the March calls for MPEL have been sold. I like this pick but there are too many factors affecting the timing. So rather than let it run through next week or convert it to a call spread and be at risk, I took the conservative approach. Maybe if last month's petro plays had panned out better I would be more aggressive here ... but I'm still smarting from that beating.
All the March calls for MPEL have been sold. I like this pick but there are too many factors affecting the timing. So rather than let it run through next week or convert it to a call spread and be at risk, I took the conservative approach. Maybe if last month's petro plays had panned out better I would be more aggressive here ... but I'm still smarting from that beating.
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