Market Calls

Quote from straddle_me:

maestro,

what happened to the 70 call you wrote?
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I have now both $75 calls and $70 calls (short). I need to sell $65 puts today to balance my position. I probably will unwind my position within 2 -3 days. I have already locked $0.4 profit, I need another $0.1 to reach my profit target.
 
MSTR

Did a bear spread on this one a couple weeks ago.

Talk about going the wrong way - yikes!

Luckily it was just a small vertical. I'm making it up with my longs! :cool:
 
There have been a dozen or so trades in my lifetime where i bought the exact low or sold the exact high.

Just sold some FRX at the high, still positioned long with more cash on hand now.
 
Quote from MAESTRO:

I have now both $75 calls and $70 calls (short). I need to sell $65 puts today to balance my position. I probably will unwind my position within 2 -3 days. I have already locked $0.4 profit, I need another $0.1 to reach my profit target.
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Position is closed today. Overall profit on this trade = $0.60. It took a little longer than usual, but worked out great! So, I'm flat RIMM at the moment.
 
Is GENZ finally slowing down for a couple months?

I hope so. Did a few 70/75 Sep Bear Calls. I got lucky enough to already have closed a few long Jan06 calls I got before the runup. Still got one, so this is a no-risk (except for profits!) trade.
 
Increased activity in XLE this week. Evidence short side skiddish so there are buyers to sell to as well....
could be QM rollover lockout...either way there are some good setups for quick profits...good trading
 
Quote from Choad:

SHLD down to 135 between now and Jan06.

Bear spread (5 pt spread, OTM, 2.0 debit)
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Closed this today for 3.7. Might have gotten more if I waited, but I keep lettin' these get away from me...
 
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