The $25KP is brand new so it’s easy to review!
We were more conservative with our AMGN play than we were in the $10KP but we got such a lower entry on the Aprils that this should do very well for us. As with the $10KP, we’ll have to play this by ear but it looks like my $47.50 tartget will be right on for the open.
The only other open item is YHOO and we’ll use the same strategy as the $10KP, picking up the March $22.50s to cover further upside against our caller (while his gains cover our downside!). As no one seemed able to fill CMP yesterday, I’m not including that but we’d still like to make our SNDK Apr/Feb $27.50 spread for $1. If the market takes off, we’ll grab the Aprils first and try to time the cover to cut the spread down.
Up $6K (25%) and over 90% cash is not bad for a first week!
| Description |
Type |
Cost Basis |
Opened |
Sale Price |
Closed |
Days |
Gain/Loss $ % |
| AMGN |
| 5 APR 08 47.50 AMGN CALL (AMQDW) |
SO |
$ 1,310.00 |
1/22/2008 |
$ 1,165.00 |
|
3 |
|
| 5 FEB 08 47.50 AMGN CALL (AMQBW) |
LO |
$ 510.00 |
1/22/2008 |
$ 570.00 |
|
3 |
|
| 5 APR 08 47.50 AMGN CALL (AMQDW) |
LO |
$ 1,185.00 |
1/22/2008 |
$ 1,275.00 |
|
3 |
|
| Total Gain/Loss for AMGN |
|
| EDU |
| 10 JUL 08 50.00 EDU CALL (EDUGJ) |
LO |
$ 11,210.00 |
1/23/2008 |
$ 15,990.00 |
1/24/2008 |
1 |
|
| Total Gain/Loss for EDU |
|
| MRVL |
| 20 MAY 08 10.00 MRVL CALL (ULJEB) |
LO |
$ 3,210.00 |
1/22/2008 |
$ 4,590.00 |
1/24/2008 |
2 |
|
| Total Gain/Loss for MRVL |
|
| YHOO |
| 10 JUL 08 20.00 YHOO CALL (YHQGD) |
LO |
$ 3,360.00 |
1/24/2008 |
$ 3,950.00 |
|
1 |
|
| 10 FEB 08 20.00 YHOO CALL (YHQBD) |
SO |
$ 2,470.00 |
1/24/2008 |
$ 1,840.00 |
|
1 |
|
| Total Gain/Loss for YHOO |
|
| Total Gain/Loss |
|
