MO officially announced the spin-off of Kraft, it’s not news so expect a “sell on the news” to about $86 but that will make the $90s super cheap (maybe .40) and earnings are coming!
- MO $90s for .45
- will take half off at .65+
- Half out of MO $90s at .65
- I’m bidding on more MO at .30 but it got away from me so far…
- only going to risk a dime here.
- EXPE – selling the $22.50s for .50 if possible against July $22.50s
- Taking out my FXI $107 caller at $1.70 (sold at $4)
- buying FXI $107s for $1.70 for myself!
- added MER $95s for .75
- ADM Feb $30 put out at .30
- CY Feb $17.50 puts out at .10
- DHI Feb $25 puts out at .05
- EOG $55 puts done at .10
- (will buy March tomorrow probably)
- GRMN $50s stopped out at $2.20
- HES $45 puts out at .05
- (will reposition)
- GOOG Buying Mar $530s for $14
- selling $520s for $12.75
- GOOG Buying Mar $480 puts for $13.50
- selling $490 puts for $12.90
- NDAQ $35 puts – stopped out at $2.10
- INTC – spent .15 to flip Feb $22.50s to Mar $22.50s
- (adding .20 loss to March basis)
- Out of KBH Feb $45 put for .05
- Out of LEN $50 puts at .35
- Out of MER $95 calls for $1
- plenty for 20 mins!
- DD MA Apr $90 puts at $1.20 (risky)
- 4pm note: Sorry that was reopen, we moved the old Apr $90 puts to Mar $100 puts!
- PBR – Rolling my Feb $90 puts at .30 to Mar $90 at $1.10
- adding .70 loss to basis.
- RDS.A – stopped out on Feb $65 puts at .40
- Took the nickel on the WCI $17.50 puts
- XLE – Closed $55 puts at .25,
- XLE – Closed $53 puts at .10
- (will reposition)
