HEP couldn't move up even on a day like today, so I sold Friday's calls while there was a hint of time value, -56.7%.
I bought BA call options again yesterday.
I've got bull call spreads for DVA, HMA, and VRTU, and diagonal spreads for AAPL and URI with short calls expiring on Friday as well. All looking good.
Tuesday, May 14, 2013
Friday, May 10, 2013
Thursday, May 9, 2013
Tuesday, May 7, 2013
What's Not To Like
I think I like this market.
With BA going ex-dividend tomorrow, I decided to sell the calls, +62.3%. I sold my May FUL calls as well, +23.5%.
I sold a short butterfly for DVA which reported this evening. I bought shares and calls in XXIA. I bought shares of AMLP and penny stock (lottery ticket) EXM. I've been rolling the short calls of my calendar spreads up.
This morning I traded too early. In almost every case I could have sold for more and bought for less later in the day. Fortunately the frustration is usually short lived.
SNTS and ROSE had a very good day.
With BA going ex-dividend tomorrow, I decided to sell the calls, +62.3%. I sold my May FUL calls as well, +23.5%.
I sold a short butterfly for DVA which reported this evening. I bought shares and calls in XXIA. I bought shares of AMLP and penny stock (lottery ticket) EXM. I've been rolling the short calls of my calendar spreads up.
This morning I traded too early. In almost every case I could have sold for more and bought for less later in the day. Fortunately the frustration is usually short lived.
SNTS and ROSE had a very good day.
Thursday, May 2, 2013
+HCN & VRTU
Wednesday, May 1, 2013
One Ugly Day
That was rough. Except for REGN and PRAA my watchlists are mostly red.
I didn't expect everything to go south so fast. I covered my short AAPL calls thinking AAPL would continue moving up. It held up well by comparison, but still cost me money.
I sold May bull put (credit) spreads for EWW and TBT at the open. Oops.
I bought shares of MPW and O.
I didn't expect everything to go south so fast. I covered my short AAPL calls thinking AAPL would continue moving up. It held up well by comparison, but still cost me money.
I sold May bull put (credit) spreads for EWW and TBT at the open. Oops.
I bought shares of MPW and O.
Manic
On Monday HMA spiked up on the open. Fortunately I just happened to have a sell-to-open limit order for May $11 calls queued up. That gives me a cheap May $9/$11bull call spread.
Yesterday ESRX spiked up on earnings. I had an order in to sell my $5 spread early for $4.90. I meant to nudge up the price since it was way ITM but it sold right away, +31.1%.
I sold my May DCIX calls, +58.5%. I sold what value was left in my OTM May CRZO calls (a.k.a. lottery ticket), -70%.
I sold what were OTM calls for AAPL (Friday) and URI (May) to create calendar spreads. Those short calls are both ITM money now so I may have to roll them up.
I covered the short call of my May HEP spread and I'm hoping for a little rebound before I sell the long call.
Yesterday ESRX spiked up on earnings. I had an order in to sell my $5 spread early for $4.90. I meant to nudge up the price since it was way ITM but it sold right away, +31.1%.
I sold my May DCIX calls, +58.5%. I sold what value was left in my OTM May CRZO calls (a.k.a. lottery ticket), -70%.
I sold what were OTM calls for AAPL (Friday) and URI (May) to create calendar spreads. Those short calls are both ITM money now so I may have to roll them up.
I covered the short call of my May HEP spread and I'm hoping for a little rebound before I sell the long call.
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