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Post by chiu on May 12, 2006 11:13:39 GMT -4
On 5 May buy May 600 Put at $4.40. on 12 May sell May 600 Put at $7.2, profit=$7.2-$4.4=$2.8($280)
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Post by chiu on May 16, 2006 11:31:25 GMT -4
On 11 May, generally bearish on broader market and financial sector seeing some financial counters coming down. Sell two Bear Call Spread on GS and PD. GS On 11 May sell May $160/$165 Bear Call Spread at net credit=$2.3, Sell $160 Call at $3.3 and buy $165 Call at $1.0. On 16 May buy back Bear Call Spread at net credit=$0.1, profit=$2.3-$0.1=$2.2 ($220). PD On 11 May Sell May $100/$105 Bear Call Spread at net credit=$1.0, Sell $100 Call at $1.55 and buy $100 Call at $0.55. On 16 May, buy back Bear Call Spread at net credit=$0.1, profit=$1.0-$0.1=$0.9 ($90).
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Post by chiu on May 17, 2006 18:22:29 GMT -4
On 5 May seeing PEIX moving up, Sell May $35/$30 Bull Put Spread at net credit=$1.55, Sell $35 Put at $2.2 and buy $30 Put at $0.65. It was then having a good upward move till 15 May 2 big downward move, on 16 May, buy back Bull Put Spread at net credit=$1.1, Profit=2*($1.55-$1.1)=$0.9($90) On 17 May, saw a news on briefing that insider sell a big lot of share and broad market having a downward move, buy Jun $35 Put at $4.4. Sell at $5.0, profit=$0.6.
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Post by chiu on May 19, 2006 1:47:27 GMT -4
Tried one more time on AAPL having a bearish view on the AAPL. On 25 Apr,sell May $67.5/$70 Bear Call Spread at net credit=$0.8 (Sell $67.5 Call at $1.8 and buy $70 Call at $1.0). Soonly after the spread was established, the stock price went up gradually $7 from $67 to $74. With no stop loss, the second strike price acted as default stop loss limit. With recent broad market correction, the stock came back the main strike price $67.5, coupled with the Creative suing APPLE, the option should expire worth less. Made $80.
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Post by chiu on May 19, 2006 1:53:17 GMT -4
Having a view that the crude oil price will trade between USD60-USD70/barrel, with oil counter will follow closely the stock price. Fortunately waited for the crude oil price to climb up to USD75, and broader market coming down and crude oil easing, picked RIG as it was trading at new peak (against the trend for 1-2 days). On 5 May 06, buy $85 Jun Put at $2.65. On 18 May, sell $85 Jun Put at $7.2, profit=$7.2-$2.65=$4.65 ($465).
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Post by Conrad Alvin Lim on May 19, 2006 10:49:54 GMT -4
A few quick scalps. All done within one hour or less. The BSC $134 was scalped under 10 minutes.
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Zand Tenn
Moderator
Wealth Academy Ah Long
Posts: 58
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Post by Zand Tenn on May 23, 2006 14:54:42 GMT -4
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Post by Conrad Alvin Lim on May 25, 2006 20:19:26 GMT -4
Three long positions still open.
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Post by Conrad Alvin Lim on May 26, 2006 10:59:28 GMT -4
Closed out DE and LOW for fear of profit taking befor the long weekend. ACN still long. Will consider re-entry on DE and LOW on Tuesday. Also looking at entry to CENX and possibly AL on Tuesday also.
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Post by Conrad Alvin Lim on May 30, 2006 10:42:14 GMT -4
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