Category Archives: Today’s Trade

Wrote more covered calls of BIDU

Bought BIDU and sold BIDU calls (BIDU Sep 30 2011 125.0 Call).  Cost: 122.4.  2% return in 3 days, if BIDU stays above 125.      

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Wrote more covered calls of NFLX

Cost:$122.5/sh.  Strike: Oct $140.

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Wrote more covered calls of NFLX

Bought NFLX and sold NFLX calls (Sept 23, $160), net cost: $153.42/sh.  Potential return (if NFLX stays above 160 by Sept 23rd): 13.7% in one week.

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Roll Up

Monthly options for Sept are due to expire tomorrow.  The following are what I did: BIDU: (options spreads) bought to cover BIDU Sept 2011 $105 strike and sold Mar 2012 $110 strike for $3/sh credit.  The net gain on this … Continue reading

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Added more FFIV and MCP shares today

I believe the markets are trading near the lower end of the trading range.  To take advantage of this weakness, I wrote more covered calls for FFIV  and MCP, with a bullish bias (i.e., the calls I sold have out … Continue reading

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Rolling up my options.

Today is the last trading day for the weekly expiring options.  I did the following trades. SLW.  I bought SLW 2 days ago and wrote calls with a strike of 39.  Today SLW is above 39.  I like SLW and … Continue reading

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Taking advantage of this capitulation: I added more to my LVS and SLW holdings.

Covered call of LVS, option strike 47, exp. Aug 12.  Cost: $44.5 SLW: Cost $34.  Call strike: 36, exp: Aug 12th. Expecting a rebound from such dramatic downfall.

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Roll up my FFIV calls.

I was short FFIV calls (in a covered call) expiring this Friday at strikes of $97.5 and $100.  With FFIV advancing to above $110, I have 2 choices: 1. to buy back to cover those short calls; 2.  to buy … Continue reading

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Sold OPEN, Bought MCP (covered call)

I have extra buying power and also my OPEN options expired.  I need to either sell more OPEN options or to sell OPEN and using the funds to get into a better trade.  I did the following calculation:   OPEN  Aug. … Continue reading

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My trades for next week.

Well, several options expired today.  They include OPEN, FFIF (I have several options with different expiries) and SLW.  How am I going to replace these expired options? OPEN.  I sold a portion of OPEN at ~80.30 (broke even) to provide … Continue reading

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