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Your Top 5 Picks
- Thread starter bttweb
- Start date
Drop the cash for MFRI
I appologize, I called it a spread when the technical name for this option strategy is a Straddle...
Been long the common since the IPO and bought Oct 65 calls on 9/14....My break even prices for this straddle are 62.00 and 68.00
Call price was 1.15
Put Price was 1.85
Profit from the Commom
Bought --- 44.02
Sold ---- 67.11
Net--- 23.09
Profit from the Calls
Bought---1.15
Sold ----3.80
Net---2.65
Took the Net from 1/2 the Calls that were sold and this covered my purchase of the calls and 1.50 of the 1.85 for the Puts...
This spread cost me .35 when everything was said in done...NICE
So I double my invested capital @ 61.65 or 68.35 by Oct expiration...
$COSTAverageMAN
Been long the common since the IPO and bought Oct 65 calls on 9/14....My break even prices for this straddle are 62.00 and 68.00
Call price was 1.15
Put Price was 1.85
Profit from the Commom
Bought --- 44.02
Sold ---- 67.11
Net--- 23.09
Profit from the Calls
Bought---1.15
Sold ----3.80
Net---2.65
Took the Net from 1/2 the Calls that were sold and this covered my purchase of the calls and 1.50 of the 1.85 for the Puts...
This spread cost me .35 when everything was said in done...NICE
So I double my invested capital @ 61.65 or 68.35 by Oct expiration...
$COSTAverageMAN
Quote from Guildenstern:
Comptalk- you might want to keep your eye on the pullback on SIM. That stock is vicious and will selloff while every other steel stock is strong.
Yea, I know.. I already sold it at 12.50 last week. I am looking for a new entry point.. I believe it can go to 15.00 if the conditions are right; however never always possible.
Also adding YHOO to the list. Today was a perfect buying oppertunity. EBAY (and YHOO) captured today at the lows.
Yea, I know.. I already sold it at 12.50 last week. I am looking for a new entry point.. I believe it can go to 15.00 if the conditions are right; however never always possible.
I traded SIM a while back. The technicals looked great and it was valued much cheaper than the other steel stocks and cheaper than it is today. I got out with a small loss as I watched it "retrace" what, if my memory is correct, like 50%.
AAPL
RIMM (short term)
RMBS
ISRG (short term)
COST
RIMM (short term)
RMBS
ISRG (short term)
COST
update from last post...
1. GIGM up 7% - 3 days
2. WEBM up 9% - 3 days
3. BEAS up 7.5 - 3 days
4. SONS up 16% - 3 days (made 8% just today!)
5. ITWO up 5.8 % - 3 days.
hope some1 took notes...
1. GIGM up 7% - 3 days
2. WEBM up 9% - 3 days
3. BEAS up 7.5 - 3 days
4. SONS up 16% - 3 days (made 8% just today!)
5. ITWO up 5.8 % - 3 days.
hope some1 took notes...
Quote from bttweb:
Im starting a Top 5 Picks in this format for sharing...
NASDAQs
1. GIGM
2. WEBM
3. BEAS
4. SONS
5. ITWO
if you have yours. you can share it here..