Wednesday, April 30, 2008
Bought and Close FSLR 280 May Put Options at 8.80 and 10.90
FSLR as usual always have a high jump after their earning. They did it again this quarter, beat the estimation and raise forecast. It's up more than $20 in the morning, I bought a 280 Put options at 8.80 each. Based on historical record, it will always went down the second day. Therefore, I set a sell order at 10.90 and just leave it, few hours later when I check my brokerage account, the order got executed, day high at that time was $12.50. But I'm pretty happy with 21.78% gain in 2 hours period :)
Tuesday, April 29, 2008
Close AAPL 170 May Call @ 8.80
I finally close my AAPL call options after holding it for a while, I'm really glad I don't lose money this time since they gave a weak forecast for the last quarterly earning result. After the earning, my options goes as low as $2.64, I place an order to double my position at $2.50 since I'm sure it just a market overreaction. However, my order didn't execute so I just hold on to the one that I currently have. Overall, I gain 1.57% for a period of one week.
Bought LVS 70 May Put Options @ 4
Last friday, I bought LVS put options for 4 / contract. I think the gaming industry will not doing well this quarter so I bought put options for it. Earnings date just released today and the stock goes up 5%. I might buy more put options to bet on the earning or possibly a call to hedge my investment. I'm pretty sure they will miss the estimate but the forecast might turn the stock price around especially when it just hits 52 weeks low about a week ago.
Thursday, April 24, 2008
Close rest of my May MSFT 30 Call Options @ 2.36
Well, I wanted to buy more this morning. I put the order of 1.80 and it goes to 1.85 the lowest :( So when it reached 2.36, I sell the rest of my options. I'm happy enough to get 87.80% profit in 2 days for my second options package. If it dropped less than $2 before the report then probably I will buy again :)
Wednesday, April 23, 2008
Close half of MSFT 30 Call Options @ 2.00
I sell half of my options @ 2.00. If it dips some more tomorrow then probably I will buy again. It represents 51.75% gain in one day.
Tuesday, April 22, 2008
Bought May MSFT 30 Call Options @ 1.23
With earning coming soon, I bought May 30 call options for MSFT @ 1.23 a contract. Let's see if it will blow the earning.
Bought AAPL 170 Call Options @ 8.50
AAPL dropped quite a lot in the morning and I bought 170 Call Options for 8.50 each contract. I believe they will beat the estimate on the earning report so I think during this drop day, it's a good time to buy!
Friday, April 18, 2008
Bought 37.50 May Call Options on BAC
Bank of America will report earning next week monday. Since the market sentiment is doing pretty well now and Citigroup also reporting narrower loss, I think it's the turn around time for financial institution. I bought BAC 37.50 May call options at 2.40. Furthermore, when Bank of America report loss last quarter and totally miss the estimate, the stock actually went up. I hope I'm right!
Open and Close 330 BIDU Put Options
Well, Google earning blow everyone away. When BIDU stock hovering around 333, I got a 330 Put that will expire today at 1.60. I thought it will start going down the hill from then, I was wrong AGAIN! so I finally sell my options at 0.30 a piece. Ended up losing 84.85% in 2 1/2 hour. Arghh.. I rather just gamble and get 500 GOOG call options for 50 cents yesterday duh!
Wednesday, April 16, 2008
Close FSLR 280 Put Options, Open and Close FSLR 290 Put Options
Well, this afternoon. I bought more 290 Put options for 3.90 but 40 minutes later I sell it for 4 since it's not going down further. I ended break even for that trade. On the other hand, I finally sell my 280 Put options for 1.20. It represents 70% loss in 1 day period. Ughh.. I should not hold this volatile stock overnight :( I just got my profit yesterday but I'm getting burned again today!
Tuesday, April 15, 2008
Open and Close 280 April PUT options for FSLR
Well, FSLR has a really nice jump today and I didn't get the call options yesterday. but again I think $290 is too high for this stock so I bought a 280 PUT options @ 3.80 when the stock price was $289. Then, I set an order to close at 5.20 which execute about 1 hour and 20 minutes later. I ended up making 33.77% in period about 1 1/2 hour.
EDIT: I enter another order after I sell it for 3.80 and then it executes about 10 mins before market close. Tomorrow, there will be report about housing and CPI (Consumer Price Index) which I don't think it will be good. So we'll see about it.
EDIT: I enter another order after I sell it for 3.80 and then it executes about 10 mins before market close. Tomorrow, there will be report about housing and CPI (Consumer Price Index) which I don't think it will be good. So we'll see about it.
Friday, April 11, 2008
Close FSLR 260 Put Options
I'm too worried about holding any position over the weekend. I finally sold my FSLR put options, @ 5.60 and @ 5.20. I do not hold any position right now. On average, I lost about 44% :(
I know about the GE result and should play the options on that. O well..
I know about the GE result and should play the options on that. O well..
Thursday, April 10, 2008
Close AAPL 155 Call @ 3.70, Bought 260 FSLR Put @ 5
I set the price for my AAPL call at 3.70, today the stock receives an upgrade and with many other good reports, it rallied $3 more and hits my order. It represents 48.92% in matter of 3 days. I'm on losing streak here :(
Also, on the other hand. I double my position for FSLR and get more 260 Put options @ $5. My thought is tomorrow the market will go down due to GE earning and other economic datas. Let's hope so!
Also, on the other hand. I double my position for FSLR and get more 260 Put options @ $5. My thought is tomorrow the market will go down due to GE earning and other economic datas. Let's hope so!
Monday, April 7, 2008
Bough FSLR 260 Put @ 9.70
I've been really active today. I bought a FSLR 260 Put @ 9.70. The stock has run up like crazy the past week and now it started to drop so I think it's a good time to get a put options for this.
Close BIDU 320 Call @ 5.90
Ok, I have told my self that once it hits 20-25% I would sell the options no matter what. Well, I didn't really watch the ticker carefully and I'm not hoping that the value can drop that fast. I finally sell my BIDU again at 5.90, I lose 41.21% in one day :( I think I should hold off playing options.
Close RIMM 100 Put, Bought BIDU 320 Call
I sold my RIMM 100 Put options for 0.25 today. I don't think it will hit 100 anytime soon and the price gap is too far. On the other hand, after experiencing big loss in my BIDU put options, I bought a 220 call options for it at 9.90 each. I know the current price is pretty high and I hope I bought it at the right time. However, It just broke the $300 price barrier and I believe it should run up to 320 before it finally slow down.
Friday, April 4, 2008
Close BIDU 220 Put Options @ 1.10
Ok, I admit defeat. I finally sold all my BIDU 220 Put options at 1.10 while I still can get some money out of it. It represents loss of 86% in matter of one week. No matter what bad news hit Wall Street, it still turn green. I was betting on unemployment report this Friday but although the number is bad, it still running high. My RIMM also not doing so well, at this time of writing it only worth a mere 0.33. I guess I really need to set a rule on limiting my loss, while on stock the general rule is 8% but since options is 3 times more volatile probably I set my loss limit at 20-25% and stick to it!
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