Tuesday Virtual Portfolio Moves

DIS analyst day today, need to watch that one in $10KP. Still can’t get more TWX at .15.

GCI took a huge drop but the $60s are still .35, I’m going to watch them with an eye on selling those against the July $60s at maybe $1.25.

RHT – yes, that was execute the leap above $24.50, especially in a weak market! XXX

Sept $25s for $2.25 and sell the June $25s for .60 and then sell the July $25s, now $1.50, which should hold their value with earnings coming up for a pretty free look at earnings.

Remember to stop out your putters if we recover from here.

Taking X $115s for $3.10 as a mo play (.50 Tstop).

USO $49 puts were very good to me but super thinly traded. I might take a stab at the July $50 puts for $1.50 ahead of inventories and maybe sell the current $50 puts, now $1.25. This is another one that would be an X if it had traffic.

YRCW – I have (had, as I just sold them for $1.20) the June $40s. I expect them to flatline here and I will make another play next week. XXX

DIS – tough call in the $10KP, I should because I DD’d to get the basis down to .32 and that’s the rule so I guess the answer is at .45 I will absolutely set a .10 Tstop but I don’t think I will jump out at .40 as they are fighting to break the upper BB right now. Big decision today telling the FCC they can’t fine networks for inadvertant bad language – huge relief for live broadcasters. Plus the analyst day is today and Disney will be playing the China card, even if they have nothing else good to say but, with the world’s #1 movie of the year and a merchandising department that kicks ass – I think they have plenty of good things to say.

 Posted June 5, 2007 at 11:27 am | Permalink (Edit)

TWX – STILL can’t get calls for .15!

GOOG and BIDU picking up steam, I this is ATH for GOOG – that by itself can rally the markets if it holds!

Exit strategy – I will see how the markets hold up but I usually let them run into next week to take as much premium as possible before I either buy them back or roll them over.

All June contracts – at this point in the month (8 trading days to expiration) getting out even is great! Like I said yesterday, if you don’t like a position enough to move it to July, you should be getting out of it anyway. Tomorrow is my last day (generally) for holding June contracts.

We are still barely holding 13,620…

Woo hoo – STP up 4% on this drop, definately made some good calls there but FWLT is still hurting the $10KP as I once again picked the wrong short to focus on (and I swore off oil puts after last time). Still we’re pretty much on plan there with both TWX and DIS giving us opportunities again.

I’m going to try to catch up on comments but I’m out of here at 1:30 for a meeting.

DIS – not putting more $10KP money in but I would DD at .20 otherwise.

EBAY – will be likeing the July $32.50s if the markets come back but I’m out the door soon and have no desire to buy anything until tomorrow, maybe not until Thursday as we have the G-8 to contend with.

I do not think much of this small bounce so far.

PCU – your putting a lot of weight on a dead-dollar rally.

SHFL with an interesting collapse. They’re being sued for securities fraud but so is every company that has a big sell-off only there may be some meat to this one:

http://biz.yahoo.com/pz/070604/120762.html

Earnings are tomorrow after the bell so let’s try and get creative on them tomorrow.

I’ve got to get ready to go…