“Triple Witching Fun”
Intraday Investments Trading Summary for Friday, June 15, 2001
As you probably all know, this past Friday was triple options expiration day (also known as Triple Witching), so we were careful about not entering too many positions on either side of the markets going into the afternoon session. Despite this fact, we still had a solid day from some good trades in the morning and a few profitable ones in the afternoon rally.
Our intraday trades consisted of the following: SFA long + 0.91, SUNW short + 0.21, NVDA short + 2.0, VTSS long + 0.54, PVN long + 0.55, BRCD long + 1.40 (several entries), JNPR long + 0.80 (several entries), QLGC short scratch (made + 1.20 points on the first entry, but gave it back on two successive entries), IPDH short – 0.52, JPM long – 0.38. We closed our JNPR short from overnight with a profit of + 1.35 and covered our GILD short with a loss of 0.70. These results netted us a profit of about 6 points. In addition, our BKX short call (June 920) expired worthless on Friday, netting us a profit of 11 points in a 3-week period (although position size was small). Sector trading worked really well by selling the Banking calls a few weeks ago and letting the premium erode. Our overnight trades consisted of JPM and PVN long.
We had a solid day to end the week on a positive note.
Talk to you on Monday,
Deron, Steve, and Ed
General Partners
intradayinvestments.com |
