EOD +$340

MA performed a lot better than I expected it to today.  Not so lucky with JCP.  It closed at $44.01 and the calls closed at around what I bought them for.  I exited my MA call and I’m holding all 10 of my JCP calls overnite.

Sold MA Jan08 $200 call MALAT - 1 @ $18.50
    entered today @ $15.00
+$340 profit, +26.6% (after $10 commission)
    stock price when bought $106.40
    stock price when exited $112.40

Oh, and I placed a limit order for a BIDU put and it executed. 

Bought BIDU Jan08 $350 put - 1 @ $14.20
   stock price when entered $375.75

I’m expecting more choppiness in the market as we head into options expiration.  The market seems to lack conviction- when that happens it just becomes a toy for the market makers and big players to manipulate. 

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Posted: December 19, 2007 at 7:31 pm

Posted By: Lindsey Wu

News Category: -Lindsey, BIDU, JCP, MA, Options

 

 

One Response to “EOD +$340”

  1. I’m not sure what you are doing back in December of 2006, but MA has been trading above $106 and $112 for nearly a year.

    Michael on 19 Dec 2007 at 10:23 pm
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