Pretty clear now that we have seen a bottom in DELL, holding till $32 now. T started showing early signs of the presence of a 3BRD in MACD, IPG short though closed trade, 10 calls have added in value, ABI is neither here nor there at the moment, futures looking OK at the moment also, mini Silver position was up 0.760 today.
Divergences
- Thread starter romik
- Start date
Quote from romik:
SHORT - IPG (NYSE) Interpublic Grp of Cos
Hedge: Buy 75 Oct $10.00 Calls @ 0.25
Current: $9.83
Average down: ~$10.17
PT1: $9.10
PT2: $8.00
PT3: N/A
Stop: ~$10.30
BRD in HIST on a daily chart attached, but daily chart is in an uptrend with a possible double bottom in the mid $7 range. Possible reward outweighs risk here. I would say that this could be a risky trade when looking on the daily chart.
http://finance.yahoo.com/q?s=IPG
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Position covered $10.32
-3.2% adjusted after averaging @ $10.17
Oct 10 calls remain open.
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75 Oct 2006 10 calls sold @ $0.50 for 100% profit. Due to this outcome the overall position's PnL has been adjusted to:
+0.53%
SHORT - IPG (NYSE) Interpublic Grp of Cos
Hedge: Buy 75 Oct $10.00 Calls @ 0.25
Current: $9.83
Average down: ~$10.17
PT1: $9.10
PT2: $8.00
PT3: N/A
Stop: ~$10.30
BRD in HIST on a daily chart attached, but daily chart is in an uptrend with a possible double bottom in the mid $7 range. Possible reward outweighs risk here. I would say that this could be a risky trade when looking on the daily chart.
http://finance.yahoo.com/q?s=IPG
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Position covered $10.32
-3.2% adjusted after averaging @ $10.17
Oct 10 calls remain open.
--------------------------------------------------------------------------------
75 Oct 2006 10 calls sold @ $0.50 for 100% profit. Due to this outcome the overall position's PnL has been adjusted to:
+0.53%
LONG - SLR (NYSE) Solectron Corp
Hedge: Buy 200 Jan 2007 $2.50 Puts @ $0.10
Current: $3.18
Average down: ~$2.90
PT1: $3.70
PT2: $4.30
PT3: $6.50
Stop: ~$2.50
BLD in MACD/RSI on the weekly chart.
http://finance.yahoo.com/q?s=SLR
Hedge: Buy 200 Jan 2007 $2.50 Puts @ $0.10
Current: $3.18
Average down: ~$2.90
PT1: $3.70
PT2: $4.30
PT3: $6.50
Stop: ~$2.50
BLD in MACD/RSI on the weekly chart.
http://finance.yahoo.com/q?s=SLR
Alright bud
, does look like a bear flag there doesn't it? It just might be a triple BLD, by that time if 2.81 support breaks the puts should start coming alive the closer price gets to $2.50 strike, if that does develop into a triple BLD on a weekly I will reevaluate the situation and will either continue holding in light of increased options value or dump it all. I've got no idea how Jan 07 puts might be priced when/if price breaks $2.50, but current $2.50 calls are around $0.65.Quote from romik:
Alright bud
Yeah by the looks of it I think you'll be happy with the hedge. Good luck on it.