Monday, September 28, 2009

9/21 Week Recap

Monday - Suggested OXY 11/70-11/75 Put Spread at 1.45. Hit the 1.45 price on Monday but didn't stay there long enough for me to get in. There were too many orders ahead of me. It hit 1.92 on Thursday. Gain of .47 per contract (10 contracts = 470)

Tuesday - Bid WMT 11/52.50 call at 1.05 or less and picked it up for 1.03. It moved away from my price, however, November is far enough away for it to rebound especially with holidays approaching and consumers needing to buy candy, food, decorations etc.

Wednesday - Did not see any good trades.

Thursday - Suggested CVX 11/70 Put at 2.25. Never dropped that low but did see 2.50 and a high of 3.00 for a .50 gain on 1 contract or 500 on 10 contracts.

Friday - Suggested BHI for 2.10. It barely moved from the bid of 2.35, so I did not get in.

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