iceman's options trading journal

PD

took a small position in PD


+ 6 PD MG (Jan06 135p)

@2.70

-1 PD Jan06 140p

@4.60



order to buy 6 more Jan06 135p @ 2.10
day order selling 5 Jan06 125p @ 1.40
 
Quote from iceman1:


bought the other four (4) mnx AX (172.50c) @ .75

+12 mnx AX @avg = .85

not looking like a good move right now-- may have to construct a bear spread with Jan 170 calls - or better yet-- scratch the trade IF the bid is at or > .85 !
More...

sold 5 mnx AW Jan06 167.50c

@2.30 - 2.40
 
Quote from iceman1:

PD

took a small position in PD


+ 6 PD MG (Jan06 135p)

@2.70

-1 PD Jan06 140p

@4.60



order to buy 6 more Jan06 135p @ 2.10
day order selling 5 Jan06 125p @ 1.40
More...

looking for 139 on PD
 
Quote from iceman1:

PD

took a small position in PD


+ 6 PD MG (Jan06 135p)

@2.70

sold -1 PD Jan06 140p
@4.60

sold -1 PD MH
@5.40


order to buy 6 more Jan06 135p @ 2.10
day order selling 5 Jan06 125p @ 1.40
More...



cancelled PD ME @ 1.40

sold 5 PD MF (Jan06 130p)
@ 1.90

GTC order to buy 6 PD ME (125p) @ .95

order to sell 5 more PD MF (Jan06 130p)
@ 2.30


PD position

+6 PD MG
@2.70

-2 PD MH
@5

-5 PD MF
@1.90

+1 PD ME

1.20
 
Quote from iceman1:

cancelled PD ME @ 1.40

sold 5 PD MF (Jan06 130p)
@ 1.90

GTC order to buy 6 PD ME (125p) @ .95

order to sell 5 more PD MF (Jan06 130p)
@ 2.30


PD position

+6 PD MG
@2.70

-2 PD MH
@5

-5 PD MF
@1.90

+1 PD ME

1.20
More...

closed the 2 PD Jan05 140p for +$280

bought six (6) more PD MG @ 1.85 (Jan06 135p)

now:
+12 PD MG @ 2.27 (avg.)
-6 PD MF @ 1.90

apparently no one wants to take profits this year --- with only 6 market days left -

I regret not selling another 6 PD MF @ 1.90-200 yesterday--- my gut said to do it - to be 2/1 woth the Jan06 135p -- I was ready to pull the trigger but figured I'd have a 2nd chance today- didn't want to have naked positions overnight on this one - although the plan was to then leg into the 125p strike for <.95 - butterfly the position.

plan is to now close the 6 PD MF for <.90 - then consider staying directional and/or re-selling (4) PD MH at <3.70 - to construct a 3/1 backspread with the 135p.

It is still my inclination that PD gets sold off into the mid-low- 130s after 1/2/06 - and that today's price movement is year-end distribution.
 
Quote from iceman1:

closed the 2 PD Jan05 140p for +$280

bought six (6) more PD MG @ 1.85 (Jan06 135p)

now:
+12 PD MG @ 2.27 (avg.)
-6 PD MF @ 1.90

apparently no one wants to take profits this year --- with only 6 market days left -

I regret not selling another 6 PD MF @ 1.90-200 yesterday--- my gut said to do it - to be 2/1 woth the Jan06 135p -- I was ready to pull the trigger but figured I'd have a 2nd chance today- didn't want to have naked positions overnight on this one - although the plan was to then leg into the 125p strike for <.95 - butterfly the position.

plan is to now close the 6 PD MF for <.90 - then consider staying directional and/or re-selling (4) PD MH at <3.70 - to construct a 3/1 backspread with the 135p.

It is still my inclination that PD gets sold off into the mid-low- 130s after 1/2/06 - and that today's price movement is year-end distribution.
More...

order selling 3 PD MH @ >3.30

will look to close PD MF @ < .70 on Tuesday - and re-sell at a much higher price thereafter- OR if stock falls next week- will sell 6 more PD MF @ >1.45
 
COF

looking to buy buy 25 COF MQ @ <.75

Capital One Jan05 85p

stock needs to pop into year-end -- for me to enter - COF has a small flaggish/triangular pattern - IMHO- which may result in a push higher next week- at which time I wil look to enter.

why: COF will trade to <85 by Jan expiry

I may enter Feb06 90c - looking to sell Jan06 85c - depends on action next week on COF
 
NTES

is on "radar screen"

looking for a large move in Q1 2006

will look to construct a diagonal - just not sure what months/strikes --- want to see year-end action.
 
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