My option trades
- Thread starter ryanpatrick
- Start date
Did know you wanted to track. I bought 3 spread 165/170 at $1.40. closed out the short at 0.20 and the long at 0.60 costing me an extra commission charge. My loss was about -338.85 on the trade.
Still holding the DIS call added to other open positions. Also added AKAM spread 34/38 call spread at 1.46 for ($596.95).
The account was above 7100 until this morning. I'm around $6870-$6940 depending on the swings of the open positions.
Also have the intent on adding WFM calls. put me down for 3 WFM Feb 77.5 calls. I'll update on price once I'm in play. If I can't get a dip in WFM in the next hour then I'll play it at market price.
in play with wfm 77.5 calls at 2.05 4 contracts.
Interesting....I liked it at $2.05 with wfm around $76.90, but at $2.75, that's about $300 in gains already....hard to not sell it now for a profit, wouldn't you say. As for WFM's earnings, I think WFM should come with guidance for FY12 about $2.28, possibly 2.30-2.40. A beat like that and we should get a 5% pop or $82-$83.
That's true, it may sell off, but I like the chart pattern. To me, it looks like a cup base from late oct to mid jan, then we get what looked like a breakout, but with tight volume, I'd call it a high handle. I like the odds that it breaks out of this high handle tomorrow (or tonight if after hours ever show up on charts). Plus I know this market is still in rally mode. The bears had every chance to sell off today with the market opening up, then falling hard. But, the bears couldn't pull it off and here we are with the NASDAQ and Sp500 both up with 20 minutes left. I'd say this week has been a key week in figuring out how much longer the market can maintain this rally. Almost everyday, we had the market set up low only to close near highs. Today was almost a reverse of that, but the rally back to highs suggest that there are still underlying buying. I like it here especially on leading stocks (I like AAPL just don't have a position in it). It's also one reason I held onto the likes of SWI and DIS even though I had the chance to make a small profit. I like CSCO too, but I sure don't want to be over extended with AKAM and WFM already in play.
Yeah, bad play on my part.....I felt PNRA had the momentum on their side....just the way I saw CMG having momentum on its side. CMG is trading at higher multiple with growth expected to be just the same as PNRA. I figured if CMG could get away with so-so earnings, PNRA should be able to do the same, and I think PNRA will too, just not today. It may just be next month before it hits $170. I should have paid attention to biotech sector like CELG and GILD. That's where the surprises were in the past few days.