Equity option trading

What a day, closed MATK at $2.10 for loss ($1325.90), closed CMTL at $3.40 for $974.10, and closed SFD at $0.30 for ($925.10). Made a big mistake believing SFD could buck the trend.

Bought another 20 MRVL July 17.5 calls at $0.55.

So I'm holding 2 long term positions:
30 DAKT Jul. 20 calls avg. price of $1.125; current price: $1.25
40 MRVL Jul. 17.5 calls avg. price $0.75; current price: $0.55.

For earnings, I'm going to pull a hat trick and save the week.
Bought 20 TTWO Jun. 27.5 calls at $0.80 for cost of ($1625).

TTWO reporting tonight after the bell, and I'm looking for a good guidance based on continued strength in GTA game series.

gains now at $183.90.
 
Quote from optiontrader:



For earnings, I'm going to pull a hat trick and save the week.
Bought 20 TTWO Jun. 27.5 calls at $0.80 for cost of ($1625).

TTWO reporting tonight after the bell
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nice earnings report. hopefully, stock pops for you.
 
Quote from VictorS:


I also would have liked to get some IART(42.35) near today's close. the june40c closed @$3.10.
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IART stock closed today @43.97 +0.48. The option volume is basically nonexistent. the june 40c closed @ 3.90 yesterday and zero volume today.
 
Closed all of MRVL calls at $0.55, on job report Friday.
TTWO was also closed on that Friday at $0.65 for loss.

I still believe in 30 DAKT Jul. 20 calls buy avg. of $1.125

Loss on those MRVL calls were ($850). Loss on TTWO calls were ($350). Total loss of ($1200) did put the account in the red.

Showing a loss of ($1016.10)

I also bought 10 FDS June 65 calls at $1.60 for $1612.95 ahead of earnings tomorrow.

Back to earning trades, and I should have put that momentum trade in NCS calls....I thought they would hit $38 then $40 before rolling back. Otherwise, I stayed away from the market last week, especially after LEH came out with horrible news. This week should be good to go.

Net gain/loss showing ($676.10)
 
Sold 10 FDS June 65 calls at $2.60 for gain of $974.10 yesterday.
Also bough 10 FDX June 85 puts at $1.80 for $1812.95 for earnings yesterday.

Sold those 10 FDX June 85 puts at $4.00 this morning for gain of $2,174.10.

Closed 15 DAKT calls at $1.00 for a loss of ($168.75)

Still holding 15 DAKT calls bought at $1.15 and last price is $0.90.

Net gain/loss: +$2303.75
Earning trades could never be better, I took some additional losses on long term momentum trades, which I should not have put in with this type of market. Better trading tomorrow.
 
Sold the rest of those DAKT calls at $0.80 and have now liquidated all positions into cash. Wow, that DOW is back to the lows of 11,600-11,800. Right back to the starting point of the last small rally. Hope things can turn around as it does look gloomy on the fundamental and technical issues of this current market.

Loss on the final DAKT calls were ($600).

Net gain/loss down to +$1703.75
 
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