Investing

[wjharris]

4/29

Buy RIG May 10 70.00 put
40@ .98
20 @.85
10@@.77


4/30 Sell Rig May 10 70.00 put, 70@ 2.06
Almost bought BP but I knew it had Dividend protection. Figured this oil slick would surface all over the news and would hurt all companies involved. RIG was the owner of the drilling rig and I hoped it would get hurt the most.

4/30 Buy RIG 60.00 May 10 put
20@.88
40@.50
40@.44

5/3

Sell RIG 60.00 May 10 put
100@$1.24

RIG continued to suffer due to oil spill and I had another chance to profit. I had a feeling bad weekend news would led the stock lower.

Account Value as of 5/3/10
$23,233.65
MTD 35%
YTD 271%

No positions stock or options

 

[wjharris]

5/5

Buy RIG May 10 60 Put 100 @ .33

5/6 Sell RIG May 10 60 put 100 @ .35

I bought this antcipating a bad earnings report... In the morning I sold to take even a small profit because I did not like how this was trading in the morning hours.

In retrospect I could have held longer and made alot more money, but fear got the best of me.

5/6

Buy RIG 75.00 May 75 call 150@ .99
Sell RIG 75.00 May 75.00 call 150@ .77

The stock had run down and I was expecting a nice pop, something I had seen it do a few times earlier this week.

I was wrong.. the market crashed today and I got nervous and sold my option. I seen the option price drop to .50 and thought to myself good call. In a few short minutes it climbed all the way back up! Plain unlucky and shit trade

As of 5/6
Account Value
$20,021.27
MTD 16%
YTD %220