Monday, January 24, 2011
Friday, January 21, 2011
Closing GOOG
Closed 2/18 610 Strike call at 23.00.
The near month call at strike 640 expires worthless pocketing the $770 payoff.
The near month call at strike 640 expires worthless pocketing the $770 payoff.
Thursday, January 20, 2011
Interesting times
Google near term options trading at implied well north of 100%. Market pricing in another +/-5% move. Anyone wants to take the other side of this bet? A simple approach would be to take two at the money call or put options, sell the short dated and buy the longer dated. Of course the downside kicks in if google is trading at more than 655 or below 605 after earnings!
Close PLL Put
Close Strike 50 put at 0.65. Reducing loss on this. Will probably add some direct shorts or sell calls on PLL soon.
Friday, January 14, 2011
Rolling GOOG Call Spread
Closing 1/14 Call at 1.95
Sell 1/21/2011 Call on GOOG strike 640 at 7.7.
2/18/2011 Call at strike 610 continues to be open.
Sell 1/21/2011 Call on GOOG strike 640 at 7.7.
2/18/2011 Call at strike 610 continues to be open.
Friday, January 7, 2011
Thursday, January 6, 2011
Moving to Collective2
Finally have setup my portfolio on collective2. Thank you everyone that has followed these posts. If you've followed any trades and made money, congratulations. If you have lost on some trades, I'm sorry for that. Sometimes patience does pay.
As I'm writing this I'm watching ZUMZ coming back to earth. I didn't have the patience to wait, but if someone did then you would have done very well. ZUMZ did come as a short through the models. But the actual execution and conviction grew based on some mall visits, and looking at the website visit of ZUMZ. Also that's the beauty of retail. Today's darling is tomorrow's dog. ARO, ANF are names that come to my mind. Same will eventually happen to TIF. It will be brought back to earth.
I've tried my best to be dispassionate in all these posts with the the goal of generating positive returns. If I've been short a company it has to be either from a risk management point of view or purely based on valuation.
You can follow me at Pairs Trader
The main reason for using collective2 is because it provides legitimacy to the trade ideas and removes the burden of keeping track of your performance and hopefully will provide the funding required to continue our research on statistical arbitrage and build a better system .
You can get one month of free subscription for the trading system. The trading approach will continue to be the same that has been followed here.
This blog will continue as a financial education/ trading ideas place. Not sure I'll continue live blogging here for the time being.
As I'm writing this I'm watching ZUMZ coming back to earth. I didn't have the patience to wait, but if someone did then you would have done very well. ZUMZ did come as a short through the models. But the actual execution and conviction grew based on some mall visits, and looking at the website visit of ZUMZ. Also that's the beauty of retail. Today's darling is tomorrow's dog. ARO, ANF are names that come to my mind. Same will eventually happen to TIF. It will be brought back to earth.
I've tried my best to be dispassionate in all these posts with the the goal of generating positive returns. If I've been short a company it has to be either from a risk management point of view or purely based on valuation.
You can follow me at Pairs Trader
The main reason for using collective2 is because it provides legitimacy to the trade ideas and removes the burden of keeping track of your performance and hopefully will provide the funding required to continue our research on statistical arbitrage and build a better system .
You can get one month of free subscription for the trading system. The trading approach will continue to be the same that has been followed here.
This blog will continue as a financial education/ trading ideas place. Not sure I'll continue live blogging here for the time being.
Wednesday, January 5, 2011
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