Wednesday, November 17, 2010

Changing TIF to Strangle

Now long Dec 60 Call (With Dec 50 Put).

Tuesday, November 16, 2010

Short TIF

Sell Dec 2010 60 Call on TIF at 0.68, Buy Dec  2010 50 Put on TIF at 1.06

Close EQR/KRC

EQR at 47.48, KRC at 32.83

NFLX

Sell 11/19 Put (strike 155) at 0.52 (basically close initial short to go long at the price). Real goal is to do a put spread (time), but can't get quote for next maturity. Oh well. For now taking the long bet on nflx. Hoping for no major crash in the next three days. if I could I would cover this with long put for December.

Close Out URBN/TIF

Urbn at 36.1, TIF at 56.1

Close Out DKS/ZUMZ

DKS at 32.9, and ZUMZ at 27.94

Have a good feeling for today

URBN is up 6% pre-market, DKS is up 7% pre-market. NFLX continues to slide.

We will see how this turns out!

Monday, November 15, 2010

Closing ZUMZ call

Closed ZUM call (Strike 25) at 3.4. Taking some losses.  For most part we are neutral now. The longs on ZUMZ through puts are still on. But most of the value there has been extracted.

Friday, November 12, 2010

Partial Close MAR

Closed 1 Call at 1.9. Taking some losses. Getting closer to neutral.

Wednesday, November 10, 2010

Fingers Crossed

Going in 20% short for tomorrow. More confident on the nflx position now after the CSCO debacle.  Wondering what's in store tomorrow. Only long tech position still open is MSFT.  Does have some protection in OTM call sold on it. I was thinking of next quarter to be the precursor to a tech bloodbath.  Seems like christmas is here early? Wait and watch.

Close Out (NGS/RDC)

NGS at 16.58, RDC at 31.82

Short NFLX

Sell 2 Nov 12 Calls at strike 180 at 0.87

Thursday, November 4, 2010

Close Out FSR/CB

FSR at 11.77, CB at 59.76

Close Out ADBE

Taking Profits.

Closed ADBE at 29.39. Jan 32 call at 1.7, Jan 36 call at 0.37

Wednesday, November 3, 2010

Tuesday, November 2, 2010

Close out ADBE Put

Close out ADBE Put at 0.17. Locking in the gains on the option.