Keith,
I am in the following with you:
CIE Jan $17.5
GDP Dec $10
GRPN Jan $2
IOC Dec $57.5
LCC Jan $5, $7.5, $9
OCZ Oct, Dec, Jan $3 and $4
QCOR Sept $28/$27 spread+ 2 calls preads and 1 more put spread
SKUL Sept $12.5, Oct $12.5, Dec $10
STX Mar $25, Jan '14 $20
Shorts calls on SVU
SWKS Sept $24, Oct $22
WLT Sept $37.5, Jan $30
I added QCOR yesterday and today and SWKS today. SWKS reaction today was because of gidance tightening - midpoint actually higher but overall tighter. Some fears that it might be missing in places from tomorrow teardown of iphone 5. No one knows what is in exactly untip phones are gotten tomorrow. Some risk here - more than I realized when I got in. I used 2 different iron condors in QCOR, will likely lose on today's as calls are ITM.
SWKS below. I am in based on newsletter alert from Minyanville tech guy.
streetinsider.com
My high risk trades into expiration involve SKUL ATM puts with part straddled ATM, JRCC ATM straddles with stock hurting me a bit as it imploded from above strike - I have 6-7 positions here ranging from current month 2.5 and 3 calls and puts to next month 2.5 puts to Dec 2 puts to Jan 14 5 calls, AAPL iron condors, PCLN iron condors, SWkS play from above and QCOR iron condors. I also have risk in ITMN strangles - took losses in longer dated ITMN Jan 7.5 puts when stock got to 8s on way to 7s and now in 9s. Loss wasn't issue but margin got obscene and IRRs stunk since 100% margin at ET. I had $3-4 per contract required so even with $0.8-$0.9 pricing, returns did not match risk.
Jon |
