BAB killed us – the strike is off!!!! It’s back to even but I’m
- setting a stop on BAB Mar $105 puts at $1.20
- hopefully this is an overreaction to the news but realistically, there’s no more premise for this position.
Posted January 29, 2007 at 10:10 am Permalink (Edit)
- Tight stops on PTR Feb $120 puts at $1.75 (up 50%)
- I’m going with a .35 trail after that, no sense risking the oils that are working…
BAB looks like it’s topping out here. As I said over the weekend, flights were cancelled and their quarter IS shot, that should matter a little.
- PBR Feb $90 DD at .60
- AMZN – buying July $37.50s for $3.75, $35s
- selling Feb $35s for $3.25
- it give you a lot of room for an earnings miss and a lot of time to flip or buy on a big hit. You may owe your caller some spread but you’re getting $1.45 right off the bat and by the time he’s in the money at $38.25 you should be up nicely on the leap
- PTR $120 puts now gone at $1.70 .
- DD on Dell May $27.50 at .45
- SBUX Jan $37.50s for $3
- possibly looking at the Mar $32.50 puts for protection if they come down to .25
- Rolling MA Apr $90 puts into Mar $100 puts for $2..70
- ie. Selling the Apr $90 putss for $1.45, buing the Mar $100s for $2.70 and adding $1 to the basis so I know what my loss is!
Looking to sell my PBR $95 puts for $2.40+ as that was a DD to win back the $90 puts which were down a lot. I DD’d the $90 puts earlier and I will take a .20+ profit off the table (.80+) on half and apply it to the basis of the original $90 puts to bring that basis down to .90 and then set a 20% stop at .75 – very happy to get out of that trade which started the day down 50%!
- GOOG Mar $590s for $1.90 (GOOCR)
- looking for $2.40 as they are down .75 for the day
- I am covered because I already sold $510 calls
- Adding HES $50 puts for .75,
- heck I thought it would hit $45 just 2 weeks ago!
