Wow, it’s been a week of this new section – seems to be working well other than being kind of ugly….
Don’t forget to take out any in the money January calllers/putters you may have left no matter what by EOD (and don’t leave it until the last half hour!).
Also, at least ask for a nickel on posiitions that are wiped out, it pays the commission if you get it!
HET – I’m waiting, hopeing to take out my putter a little cheaper.
- AIG – .15 trailing buyback on Jan $70 caller
- currently $1.25
- BEAV – taking out my April $25 caller for $4
- setting $4.75 stop on my July $25s
- COF – Takiing out Jan $75 caller for $2.55,
- selling Feb $75 if it goes as low as $3.25 – otherwise letting it ride
- DNA – buying out Jan $85 caller for ($3)
- selling Feb $85 caller if it goes as low as $4.25 – otherwise let it ride
- EXPE — taking out Feb $20 caller for .15
- STN – buying out Jan $80 caller for $1.50
- waiting to sell Feb $80s, no less than $1.75
If Apple breaks $90 I’m taking out my remaining callers!
PLEASE NOTE THIS IS WHAT I’M DOING BECAUSE I HAVE TO GO AND MY CONCERN IS THE MARKETS WILL GO UP!
- Taking out DIA $125 caller for .50 (.55 if I have to)
- Taking out HAS Jan $27.50 caller for .65
- Taking out HRB Jan $22.50 caller for $1.90
- Taking out ORCL Jan $17.50s for .05
- Rollling RIMM Jan $125 puts for $2.65 to Feb $130 puts for $9.90 to lock in massive returns
- STX – DD on the Mar $27.50s at .85
- Taking out XOM Jan $72.50 putter for .10 – another one I won’t risk if I’m away!
Taking out callers mean buying back calls I sold against certain positions.
- EOG – offering $1 for Feb $60 puts
- DD on HES Feb $45 puts at .40
HPQ, my feeling is if it isn’t working I’m not going to chase the Febs – I’d rather wait and buy March as a “DD”
HBs are tempting shorts up here, KBH especially
- LAMR – stopped out of Feb $70 puts at $4, plenty!
- LLY finally moving Apr $55s still cheap at $1.05
- adding MRVL Feb $20s for .50
VLO group looking toppy!
- Adding XLE Feb $55 puts for $1.15
- Offering $1.50 for XOM Feb $72.50 puts
- (a number I will be happy to DD on at .75)
- Don’t forget I’m covered with the April $80s
