- Looking for a chance to take out my AA caller, hopefully .30 or less.
THINKING ABOUT (NOT DOING) Offering $2 to take out my GOOG $510 caller // Offering $6 to take out the $500 caller
- DHI – looking to DD on Feb $25 puts for .40
Valero rule says get out! There will almost certainly be pain if you hold so only do so if you like it!
JOSB on a nice roll – 3% today
- DD on KBH Feb $45 puts for .45
- AAPL – The Feb $100s for $3.70
- selling the Jan $95s for $3.60.
Your risk is the $1.30 between $95 and $100 through Friday minus whatever premium you will still get for having an extra month. It only costs you a dime and if Apple tops out around $95 to the end of the week it could be a $1.50+ return.
- FXI – selling the Jan $107s for $1 against out $110 leaps
- the $107s have to go to $108 to cost us money and we are already way ahead on the underlying.
- Now I am taking out my Google callers!
- CHK Feb $27.50 puts for .60 are nice
- CTX – higher than yesterday’s stupid spike! I like the Feb $50 PUTS! for .85.
- I made a mistake earler and wrote 50s but, of course, they weren’t .85!
- STX – here’s an interesting play. You can buy the Mar $27.50 for $1.45
- sell the Jan $27.50 for .20 (maybe .25).
- on Monday, you can sell the Feb $27.50 for $1 or more (assuming it stays around here).
If it goes down, you can DD or roll to March. If it goes up, you pay the Jan fair value -.20 premium or roll him to Feb for nothing out of pocket.
Posted January 17, 2007 at 3:16 pm Permalink (Edit)
- GLW at $19.30 as a stock to own
- selling Feb $20s for .70 against, heck of an income play I think
- Out of PTR Feb $130 puts at $8.80
- too far ahead to risk with all the other oil plays going against us!
- ADM huge downgrade – Feb $30 puts for $.80 as a risky gamble.
