- Bought GOOG Mar $490s for $9 (avg)
- only so I can sell $480s if they spike up
IFFFF we get a net build of over 1M barrels (combination of 3 segments) AND oil falls below $59:
- APA $70 puts at $1.40 make nice momentum.
- APA March $65 puts are a limited risk gamble at .70 if you set a stop at .50
- PTR March $120 puts are $2.10
- PBR I already have Mar $95 puts at $2 (up 10%) from yesterday
- BP $65 puts are being given away right now at $1.50 (were $1.80 yesterday)
- I’m in on these now.
- TSO flew up $1.65 this morning, I’ll be liking the $85 puts on the way down for momentum.
Momentum, by the way is in on the way down looking for 20% and setting a nickel stop on any pullback with a strict 20%, preferably 10% stop loss if it turns against you.
BECAUSE I am down .60 on my MRVL May $22.50s:
- I am buying the MRVL May $20s for $1.40
- selling the MRVL March $20s for .75 or better (.05 T stop) but no less than .60 if it turns down.
This makes up what I am behind and the May $22.50s protect my upside if the stock spikes on me.
- XOM $75 puts are just .60
- I had to buy them out of principal!
Posted February 7, 2007 at 11:54 am Permalink (Edit)
- WFR – buying back the $50 caller at $6.80
- Looking to sell the $55s at no less than $3.40
- to pick up an exta $2.80 in premium.
- .20 trailing stop on the sell
- I still like my AAPL Mar $90s at 1.45 (down 22%)
- I offer .30 for CHK Mar $27.50 puts as a DD
- Rolling GRMN $55s to Mar $55s for $1.15
- selling the $55s for .60 so my net cost on the pre-earnings roll is -.05
- Out of EOG at .85 – crazy to risk that gain on a Feb put!
- PBR Mar $95 puts out at $3
- too much too fast!
-
Out of BP $65 puts at $1.75 – not too exciting but safe
