Am I too overexposed on OCT 07 calls? We'll see, I bought another yesterday and have an order in for two more BBWJW calls as they are at half the value I had bought my previous ones. Right now I'm losing my tail on these OCT calls, but we'll see how today fares. I bought 1 ACH call yesterday, ITM, shortterm, to try to get a quick score. I bought OCT 70 call for 6.20, and will sell roday. Premarket has ACH at 77.80, so perhaps I'll get a quick $200 on what I call 'a very stupid trade.' I didn't even research, I went on gut instinct, and normally when I do this I get burned. So why did I buy? I'm sick of seeing these Chinese stocks go up and me not partake. So I got greedy. They go up one day, then down the next day, then up the next day...We'll see if it pays off. Below are a list of the calls I currently have, expiring next friday.
.BBWJW Strike price of 17.50 3 contracts at $1.40 a contract (I have an order for 2 more at $.50, maybe I can break even on this. Shorts still have three days to cover, with the biggest movement being on Tues and Wed).
.INTQE Strike price of 25 5 contracts bought at $1.15 a contract. (Should have sold these yesterday when I could have got $1.35 out of them. My target price was $1.50, I'm not sure I'll see it.
.ACHJN Strike price of 70 1 contract bought at $6.20 yesterday, will sell today for 8 or better.
Other general thoughts that weren't acted upon... selling GE, I had a hunch that GE would miss, and eventhough they were right on it wasn't good enough for the street. I had a limit yesterday to sell 25 shares at 42.50, now premarket has GE at 40.90. I'm disappointed in myself.....on a sidenote, I was going to buy GE OCT 40 puts for .14-.16 cents...that's what they were going for yesterday. Could have made a pretty penny on that.....CRDN is close to another buy, I wish I had more money. I may sell a call to get into more CRDN.....Buying another EMC call may be a good idea, April 08 or Jan 09 calls look promising. Remember, ITM, we want to own EMC stock and get the most movement for our investment.....
Friday, October 12, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment