- BTU $45 puts for $1.80 as mo play
- out at $1.60 with a .30 Tstop.
LLY – up 171%, can’t hold into the weekend, I’m going to ask $1 on half and leave the rest with a .75 (.25 trail) stop.
ICE is going to be for some wild trading. If they do the deal, they will drop back down, if they don’t do it, they may go back to $140. Now is a good time for a spread – I like the $125 puts for $2.20 at the moment, we’ll pick up calls on the dip. XXX These are small entries with the aim of averageing a spread of the $125 puts and $135 calls at about $1.50 each and then hoping for a big move.
ICE – That being said, they look strong here at $129 so I’m taking the $135s for $1.85 to cover my calls. My goal is to work down to $ 1.25 so I’ll be looking to DD on whichever one hits $1 (unless the mo is crazy)
RIMM – DD on my $130 puts at .75, brings basis to $1.40 with 30% in.
DNDN at $16.50 – why wait for the margin call? I wish I was going to be here because I would play it but most likely to buy a quick put after whatever this is subsides. Safer to stay away.
$10KP (or any virtual portfolio) Buy 100 shares of DNDN for $16.40 and sell the May $15s for $4.50 (net 11.90) for a nice 26%, 6-week gain (as long as you’re a believer).
ICE – my goal is to have a $1.25 split so the play at this exact moment (if you are starting from scratch) is to pick up the call and hope you don’t have to buy the put yet but certainly don’t let it cross $2.50 without owning it. I took that trade a while ago and it went flat, strong sign, and should follow the markets higher – watch APPL, GOOG, MOT fir indicators.
