>>>NICE $$$$ way to go man, <<<
Thanks...it's nice to be nailing a few profits on equity trades, since it's the equity trades that kicked my ass for October & November expiration.
>>>What other positions are you in? spill the list.. If you can fit them all on one screen.. :} <<<
I usually don't keep a very long list of open trades.
Here they are:
------CPQ April 80 calls...in the position for awhile and down quite a bit. My avg buy is @ 7.50 (approx). I never recommend ANYONE averaging down on a position, but I do it and accept the risk. I'll average this one down again soon, because I really believe it will work out.
------DD Jan 50 calls....been in these puppies since I saw a HUGE transaction months ago. Buy price @ 14. Passed up a sweet profit several moons ago.
------GE Jan 45 calls. Buy price @ 16 1/4. Originally bought 6 of these when I saw some money man buy $21 million of the Jan 40 calls in late May. You weren't around for this (I don't think), but I found a pattern dating back to llate 1995 where a trader has bought options 6 months out, closed them withing several weeks of expiration, and put all of the money into options 6 monhts out again.
He started with under $3 million and currently has over $32 million (made $10 million on the current position). He hasn't closed and bought Junes yet but I'm sure he will. I closed 4 out of 6 of mine for a good profit a few months ago. Still have two left (wasn't sure how crazy this guy was so I locked in some profits).
------INTC April 85 calls @ 6 1/4. I think this is another no-brainer.
Matter of fact, if INTC gets closer to the lower 70s, I'll short puts again for some easy cash.
-------JBIL Dec 60s...bought @ 7 3/4. What can I say...can't win 'em all/ Down over 11K on this one. Too stubborn to sell when they were moving against me. Typical.
-------T April 50 calls. Bought twice with an avg buy just under $4.30
Up over 100% right now <<<g>>>
------Last but not least my OEX 470s that I bought this morning.
That's everything right now. Looking for some more opps and will be happy to post EVERYTHING I see.
BTW, I think the same trader that did that HUGE trade on GE did the same on WMT within a week or so. Early June, he bought Jan
22 1/2 calls @ approx 9 1/2 (over 417 million worth). Today they're worth almost twice that. Again...I didn't trust him...not with a stock that was basically stuck below $30 for so long. Guess I missed out...
I won't the next time...he should be acting soon, IF he decides to do it again.
Later. |
