I closed C Jun 5's yesterday for 100% profit. Opened CY May 14 and ODP May 9. May close out AAPL 260's today if the pullback holds, Apple was down in Europe over night and is pointing down in the US this morning, and open larger lots of AAPL 11 LEAP 270's.
Happy Trading...
Tuesday, April 27, 2010
Friday, April 23, 2010
1440$ Profits in days
Our Apple (AAPL) 260 Jan 11 Calls are now up 1440$ per contract, 68% this week alone. Let's hang on for 300 in the underlying.
Our C Jun $5 are up 150% after the pullback post-earnings. We still have time on our side but I would start looking at selling end of May if things don't continue up. C has closed above its 10-day moving average each day so I think we are still OK.
Look at the AAPL Jan 11 300's, most open interest in centered there and we are already at 270 without IPad revenue in yet...
XOM 75$ calls continue higher.
We haven't traded the DIAmonds lately, I would be a buyer of ATM Jan LEAP PUTS and take advantage of any pullback over the next several months. First quarter earnings are over and they were great, revenue was up as well. Now we'll see what second quarter brings.
TNK is up and they have announced a .30 plus dividend this time around up substantially from last quarter...
Happy Trading...
Our C Jun $5 are up 150% after the pullback post-earnings. We still have time on our side but I would start looking at selling end of May if things don't continue up. C has closed above its 10-day moving average each day so I think we are still OK.
Look at the AAPL Jan 11 300's, most open interest in centered there and we are already at 270 without IPad revenue in yet...
XOM 75$ calls continue higher.
We haven't traded the DIAmonds lately, I would be a buyer of ATM Jan LEAP PUTS and take advantage of any pullback over the next several months. First quarter earnings are over and they were great, revenue was up as well. Now we'll see what second quarter brings.
TNK is up and they have announced a .30 plus dividend this time around up substantially from last quarter...
Happy Trading...
Tuesday, April 20, 2010
Sorry
I meant to get word out on picking up AAPL 260 calls. AAPL is currently at 260 in the after hours after earnings release. But if you listened to me and picked up the 200 calls you owe me!
C is continuing to do well, hold a great base. I am curious if the goverment has started selling shares as this would keep the price kind of level given the amount of the shares they are going to systematically unload. At least we are holding around $5.
Happy trading...
C is continuing to do well, hold a great base. I am curious if the goverment has started selling shares as this would keep the price kind of level given the amount of the shares they are going to systematically unload. At least we are holding around $5.
Happy trading...
Sunday, April 18, 2010
APPLE Target upgrade
Citi and Piper both upgraded their target of AAPL to 300 and 299 respectively. Expect strong sales reports for both Ipod and Iphone, lower chip prices and higerh ASP (Average Selling Prices). Then factor in Ipad sales and you've got good momentum.
Start looking at Jan 11 270-300's. 270's priced at 19.70. 260's are back at the 200 premium recommended last month.
Happyt Trading...
Start looking at Jan 11 270-300's. 270's priced at 19.70. 260's are back at the 200 premium recommended last month.
Happyt Trading...
Saturday, April 17, 2010
Yet Another Weekend Update
RAX-If you set your limits, you got out at 20.
FSRL-Taking a pause, like everything else, after continuing to rise, was a great covered call for April
IPI-Still on a run down, if you shorted it and closed on Friday congrats, if you shorted it outright hang on too it especially with the pressure on the market from GS SEC investigation.
C-Volatile! I picked up a quarter of my planned Jan 11 7.50 calls, in case earnings go well, especially after the shakeout Thurs/Fri... Good earnings results should not be priced in now. Looks like anything over 0 per share earnings is good. Look for forward guidance to bolster or stifle the equity. The Jun 4 were almost up 800% last week, the Jun 5's were up 420% at one point, still up amost 200%. Will be watching Monday at 8am...
XOM CALLS-still better than purchase price, will look to continue purchasing 75 and 80's as more data becomes available and gas prices continue to climb
UNG-Still looking at natural gas for a long-term hold. Will look at 12 LEAPS when I get a chance to figure out what the best underlying will be to trade.
CROX-Continues to perform outstandingly. We talked about this last year after reviewing the information on their European Factories and global expansion. Need to keep an eye on this for some Long-term out of the money calls. Or a protected PUT.
AAPL-Almost at $250. The JAn 200 calls are over up over a 100%.
ABK-I discussed shorting it after the earnings news, I speculated the sudden rise was short coverings since the earnings report was positive only because of Mark-to-Market rules and some tax benefits. Looks like that worked out well... I did not trade ABK. Would only have done so if I was able to day-trade it.
[Speculative Idea] RVBD-If you are looking to lock some money up for a liitle while, the 12 LEAPS are around 7 bucks, this could be an excellent covered position or depending on your outlook go naked on the calls or puts...
Still looking into CISCO 30 LEAPS. Will put more time into this after C earnings announcement...
Next sector will be BIOPHARMA... Obviously after ITMN, DNDN and HGSI we need to find the next one. Would be nice to find a VRMLQ (Q on a ticker identifies a company in bankruptcy) .05 in Sept now 25 bucks!
FL-I briefly mentioned FL in a previous post, they just hit a 52-week high and paid a dividend of .15 on Wednesday!
Happy Trading...
FSRL-Taking a pause, like everything else, after continuing to rise, was a great covered call for April
IPI-Still on a run down, if you shorted it and closed on Friday congrats, if you shorted it outright hang on too it especially with the pressure on the market from GS SEC investigation.
C-Volatile! I picked up a quarter of my planned Jan 11 7.50 calls, in case earnings go well, especially after the shakeout Thurs/Fri... Good earnings results should not be priced in now. Looks like anything over 0 per share earnings is good. Look for forward guidance to bolster or stifle the equity. The Jun 4 were almost up 800% last week, the Jun 5's were up 420% at one point, still up amost 200%. Will be watching Monday at 8am...
XOM CALLS-still better than purchase price, will look to continue purchasing 75 and 80's as more data becomes available and gas prices continue to climb
UNG-Still looking at natural gas for a long-term hold. Will look at 12 LEAPS when I get a chance to figure out what the best underlying will be to trade.
CROX-Continues to perform outstandingly. We talked about this last year after reviewing the information on their European Factories and global expansion. Need to keep an eye on this for some Long-term out of the money calls. Or a protected PUT.
AAPL-Almost at $250. The JAn 200 calls are over up over a 100%.
ABK-I discussed shorting it after the earnings news, I speculated the sudden rise was short coverings since the earnings report was positive only because of Mark-to-Market rules and some tax benefits. Looks like that worked out well... I did not trade ABK. Would only have done so if I was able to day-trade it.
[Speculative Idea] RVBD-If you are looking to lock some money up for a liitle while, the 12 LEAPS are around 7 bucks, this could be an excellent covered position or depending on your outlook go naked on the calls or puts...
Still looking into CISCO 30 LEAPS. Will put more time into this after C earnings announcement...
Next sector will be BIOPHARMA... Obviously after ITMN, DNDN and HGSI we need to find the next one. Would be nice to find a VRMLQ (Q on a ticker identifies a company in bankruptcy) .05 in Sept now 25 bucks!
FL-I briefly mentioned FL in a previous post, they just hit a 52-week high and paid a dividend of .15 on Wednesday!
Happy Trading...
Thursday, April 15, 2010
More Updates on Recent Picks
Citi 4 Jun Calls were at 110$ today. Citi pulled back in the afternoon but traded 1.5 billion shares today and is still around 4.80. Options expiration friday is tomorrow and earnings release at 8am Monday. Expect some volatility tomorrow!
Jun $5 Calls were up 300% today, at 200% at the close. Depending on results I'd be ready to pick up some $6 and then 7.50 LEAPS.
RAX is up towards $21 today. I recommend a limit at $20 to ensure quick profits. If your still in they report in early May.
RVBD 2012 Jan 30 LEAPS have over a $7 premium if your looking to lock some money away on a long-term covered call.
Jun $5 Calls were up 300% today, at 200% at the close. Depending on results I'd be ready to pick up some $6 and then 7.50 LEAPS.
RAX is up towards $21 today. I recommend a limit at $20 to ensure quick profits. If your still in they report in early May.
RVBD 2012 Jan 30 LEAPS have over a $7 premium if your looking to lock some money away on a long-term covered call.
Wednesday, April 14, 2010
$5, FIVE Dollars (C)
Citi just hit $5. The 4 JUN Calls we purchased for 15$ a contract closed at $101 (673% return) a contract today and will open quite a bit higher in the a.m. given C just broke $5. The 5 JUN Calls are now going to move a little faster with the implied value and still about 60-days till expiration combined with added volitility of earnings on the 19th.
Looking at the 11 and 12 LEAPS at the 5 and 7.50 strikes, probably spread across the two years and possbily across the strikes as well.
UPS reported well and early which should ignite another rally going forward tomorrow!
Starting to look at Broadcom and Motorola for future trades. CROX broke $10 today as well.
Happy trading....
Looking at the 11 and 12 LEAPS at the 5 and 7.50 strikes, probably spread across the two years and possbily across the strikes as well.
UPS reported well and early which should ignite another rally going forward tomorrow!
Starting to look at Broadcom and Motorola for future trades. CROX broke $10 today as well.
Happy trading....
Saturday, April 10, 2010
Weekend Long LEAP Option Idea
Cisco announced it's new wireless router for home use. It appears 25% of all wireless routers are returned because they are too complext to configure. Cisco purchased Mino, the maker of the Flip handheld video camera. Why, as I wondered,? It appears they cracked the code on developing a simple to use yet functional prdouct that consumers like and more importantly buy, I see them everywhere and watch the video they make, simple to use, edit and display. When they bought Mino they told the group to produce the Flip of wireless routers. Apparently they did, the Cisco Valet--http://news.cnet.com/8301-17938_105-20002168-1.html
The company belief in the product is in the fact they are going to spend in the next 3-months more than the industy has spent in 5-years marketing this product.
Cisco has been doing extremely well, recovering and trending higher. The 2011 25 LEAPS look well priced for where Cisco may be by the end of the year and for .50 more you can pick up the 2012 30 LEAPS. I can see Cisco at 30 this year, easy if the Valet is well received so I am looking at the 12 LEAPS.
I currently own cisco and having been buying over the last year.
Happy Trading...
The company belief in the product is in the fact they are going to spend in the next 3-months more than the industy has spent in 5-years marketing this product.
Cisco has been doing extremely well, recovering and trending higher. The 2011 25 LEAPS look well priced for where Cisco may be by the end of the year and for .50 more you can pick up the 2012 30 LEAPS. I can see Cisco at 30 this year, easy if the Valet is well received so I am looking at the 12 LEAPS.
I currently own cisco and having been buying over the last year.
Happy Trading...
Thursday, April 8, 2010
Thurs Morning Update
You have to love news events. Continued merger talks pushed Us Airways (LCC) over the top this morning in the premarket (small volume volatility) on news they may merge with United Airways (UAUA).
Futures are lower waiting for economic data points. If this data falls below expectations expect some more capitulation in the market, we are still technically overbought. Trailing stops are certainly a good thing!
Greece is still a short play until their bailout is figured out and then it’s on to Europe!
Happy Trading.
Wednesday, April 7, 2010
Some Current Ideas
Good pull-back today, healthy, but I think it was the catalyst some traders were looking for to take some profits off the table. Watch the futures may be a good opportunity to trade the bounce tomorrow.
C is doing well, strong volume today and touched 4.40. The Jun Options are not showing any implicit value as the premiums were trading even past 4--strange as their is some volatility and certainly time value left.
TXT, which we have traded in the past is looking strong, we traded the calls last year for significant gains. May be a product of takeover rumor, but buy the rumor sell the news. This leads us to what happened to PALM today, up almost .70 on a stock should be dropping steadily. Lenovo is rumored to be looking at buying them and if they can't HP is on the list as well. If all this is rumor then the short play is back on.
FSLR jumped again today, put your trailing stops or cover for April calls.
Looking into APPL Jul 11 270 calls for AAPL, could be a double by summer's end.
Picked up SQNM 7.50 11 Calls, I may straddle this. When the news comes out it's going either way.
COYN won an award from General Dyamics--looks like the .085 base is holding.
NKE looks to be taking some trade-space back from Under Armor, is going strong and is not a fad like CROX, although CROX is performing well this year, need to research what they are doing in Europe.
Quicksilver (ZQK) is over $5 are consumer confidence good earnings... Their peers are all above $10.
If NCOC cna find funding for it's current debt they may be a good speculative play...
HL Mining broke 6 today and a new 52-week high... Look at long 6 calls.
Happy Trading...
C is doing well, strong volume today and touched 4.40. The Jun Options are not showing any implicit value as the premiums were trading even past 4--strange as their is some volatility and certainly time value left.
TXT, which we have traded in the past is looking strong, we traded the calls last year for significant gains. May be a product of takeover rumor, but buy the rumor sell the news. This leads us to what happened to PALM today, up almost .70 on a stock should be dropping steadily. Lenovo is rumored to be looking at buying them and if they can't HP is on the list as well. If all this is rumor then the short play is back on.
FSLR jumped again today, put your trailing stops or cover for April calls.
Looking into APPL Jul 11 270 calls for AAPL, could be a double by summer's end.
Picked up SQNM 7.50 11 Calls, I may straddle this. When the news comes out it's going either way.
COYN won an award from General Dyamics--looks like the .085 base is holding.
NKE looks to be taking some trade-space back from Under Armor, is going strong and is not a fad like CROX, although CROX is performing well this year, need to research what they are doing in Europe.
Quicksilver (ZQK) is over $5 are consumer confidence good earnings... Their peers are all above $10.
If NCOC cna find funding for it's current debt they may be a good speculative play...
HL Mining broke 6 today and a new 52-week high... Look at long 6 calls.
Happy Trading...
Saturday, April 3, 2010
Weekend Partial Update
I have been under electronic attack this week and finally changed the channel on my wireless router and putting a new floor in my kitchen as part of the never ending remodelling...
Some quick updates...
C traded well at the close Friday. Still expecting a run-up before earnings on the 19th and then we'll see what the numbers look like...
AAPL has a history of pulling back after new product launches, if this happens recommend trying to pick them up on the dips or continue to buy the 2011 LEAPS, if you got the 200 LEAPS recommended earlier congrats on another 100% run.
Micron received another upgrade and target at 20. I closed my calls out last week on the short run we had before the pullback.
RIMM looks like a buying opportunity... The numbers were great even though they missed estimates. Look into this, sell some PUTS if you are interested in buying...
I will be looking at Foot Locker ast they are trending higher and expanding overseas, as well as some other retailers as the consumer is coming back. Consumer spending accounts for 2/3 of the economic numbers!
Mastercard and Visa are on the list for some CALL buying, remember the V IPO we got in on at the low and actually sold at the high.
ITMN, my worst trade received another upgrade and target above 37...
Rackspace (RAX) is bouncing back nicely, would put a $20 limit to sell on it, as I am a trader not an investor.
More to come as I get back into the routine...
Happy Trading...
Some quick updates...
C traded well at the close Friday. Still expecting a run-up before earnings on the 19th and then we'll see what the numbers look like...
AAPL has a history of pulling back after new product launches, if this happens recommend trying to pick them up on the dips or continue to buy the 2011 LEAPS, if you got the 200 LEAPS recommended earlier congrats on another 100% run.
Micron received another upgrade and target at 20. I closed my calls out last week on the short run we had before the pullback.
RIMM looks like a buying opportunity... The numbers were great even though they missed estimates. Look into this, sell some PUTS if you are interested in buying...
I will be looking at Foot Locker ast they are trending higher and expanding overseas, as well as some other retailers as the consumer is coming back. Consumer spending accounts for 2/3 of the economic numbers!
Mastercard and Visa are on the list for some CALL buying, remember the V IPO we got in on at the low and actually sold at the high.
ITMN, my worst trade received another upgrade and target above 37...
Rackspace (RAX) is bouncing back nicely, would put a $20 limit to sell on it, as I am a trader not an investor.
More to come as I get back into the routine...
Happy Trading...
Thursday, April 1, 2010
Another option for Citi (C)
Discussing the long-term potential for Citi today I was discussing protecting a long purchase of the equity by buying the
Got Gas???
With all the talk of drilling off the US coast and the need for utilizing Natural Gas for future clean burning fuel sources I had to start looking at Gas and Oil companies...
I currenlty hold Jan 11 Calls in XOM so finding an ETF with XOM was in my search criteria
Oil & Gas Exploration & Production ETF (XOP) top holdings:
Exxon Mobil (NYSE: XOM)
Chevron (NYSE: CVX)
Conocophillips (NYSE: COP)
Occidental (NYSE: OXY)
Devon Energy (NYSE: DVN)
For Natural Gas ETF's I'm looking into:
United States Natural Gas Fund (UNG)
First Trust ISE-Revere Natural Gas Index Fund (FCG)
I am zeroing in on UNG since NG is at its low around $3 down from the $7 range and UNG is at its 52-week low area while FCG is at its high. UNG is meant to replicate the performance of nat gas through futures and other instruments not necessarily stocks, so obviusly this should be near its low, a good diversified way to play the future surge in NG price, although it might take time... FCG is in exploration and production stocks....
Happy Trading...
I currenlty hold Jan 11 Calls in XOM so finding an ETF with XOM was in my search criteria
Oil & Gas Exploration & Production ETF (XOP) top holdings:
Exxon Mobil (NYSE: XOM)
Chevron (NYSE: CVX)
Conocophillips (NYSE: COP)
Occidental (NYSE: OXY)
Devon Energy (NYSE: DVN)
United States Natural Gas Fund (UNG)
First Trust ISE-Revere Natural Gas Index Fund (FCG)
I am zeroing in on UNG since NG is at its low around $3 down from the $7 range and UNG is at its 52-week low area while FCG is at its high. UNG is meant to replicate the performance of nat gas through futures and other instruments not necessarily stocks, so obviusly this should be near its low, a good diversified way to play the future surge in NG price, although it might take time... FCG is in exploration and production stocks....
Happy Trading...
Long Term Dividend Paying Holding (DHY)
I've been looking for some long-term dividend producing investments lately completely value priced. Especially after picking Teekay (TNK) for a long-term investment and watching up steadily rise, both the equity and the dividend.
So I started with equities under $5 that are paying dividends and the top of the list was Credit Suisse High Yield Bond Fund, Inc. (DHY).
This is a BOND ETF that invests in primarily low-grade US investments. So read some risk but at $3.03 closing price today not much risk, although this is near its 52-week high so some downside is there if the markets were to flip-upside down.
DHY is currently paying a 10% yield. Not bad for a $3 investment.
If you don't mind investing in the following I recommend looking into this for a long-term holding, possibly a Sharebuilder buy...
BB Bonds 28.0 %
B Bonds 51.1 %
CCC Bonds 27.6 %
Happy Trading...
So I started with equities under $5 that are paying dividends and the top of the list was Credit Suisse High Yield Bond Fund, Inc. (DHY).
This is a BOND ETF that invests in primarily low-grade US investments. So read some risk but at $3.03 closing price today not much risk, although this is near its 52-week high so some downside is there if the markets were to flip-upside down.
DHY is currently paying a 10% yield. Not bad for a $3 investment.
If you don't mind investing in the following I recommend looking into this for a long-term holding, possibly a Sharebuilder buy...
BB Bonds 28.0 %
B Bonds 51.1 %
CCC Bonds 27.6 %
Happy Trading...
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