OK – let’s remember right now that our Google spreads from yesterday are up 300+% – not taking that profit now is a major, major risk, as much so as making a brand new trade.
I am taking half off the table now:
- GOOG Mar $520s out at $9.50
- taking out $510 callers at $6.
- GOOG Mar $530s out at 7
- taking out $520 callers at $3.80
GOOG Mar $480 puts HOLDING, hoping for a bounce but I will take out my putters below $494 and I will get out if it gets back over $495 after that.
Posted February 1, 2007 at 10:18 am Permalink (Edit)
TIE – the Boeing Buddies are almost as reliable as the Valero rule – I can’t believe it took so long!
- That being said I am rolling by selling the Jun $25s for $8
- Buying the Jun $35s for $2 to lock in half my profits.
Posted February 1, 2007 at 10:32 am Permalink (Edit)
- EOG $65 puts at .50 – Risky but fun.
- Now with a .20 trail stop on my $470 puts
- currently at $470 – that pays for the calls
- stopping out of the $530 calls at $1.
- DD on GOOG $530s at $1.40
- stop on whole position at $1.15
- More MO $90s at .25
- out at .40 on any pullback.
- Taking the QQQQ $45s for .30 as a fun proxy on a Google recovery (Apple too).
- There goes EOG – stop half out with a double there.
Big pullback possible here, will be getting out of a lot of things (20% of profit stops) if we go red on all 3 major inidces (hope not).
- Took another round of GOOG $530s at $1.35
- just in case, will not keep this round past close unless we go over $495.
- AIR is our lagging Boeing buddy, I’m picking up Aug $35s for $1.10
- YRCW – half out at $3.10 on my last remaining position (Apr $45s)
- Took a DD at $.90 on the $530s
- out at .85 – half out at $1.10 (even on avg entry) – this is their last chance!
