Options Trading, Calls, Puts or Spreads

Discussion of short term trades in options. Options can be calls, puts or spreads & are usually held 1 to 30 days. Close positions when they turn profitable. Trades are identified using technical analysis to determine entry points, some fundamental analysis and current news. Proceeds discussed are gross proceeds. Proceeds = gain per share x 100 shares x # of contracts. There may not be a trade every day, the setup has to there or it is better to wait for another day.

Tuesday, February 23, 2010

MA

Would have closed 1/2 of MA call spread on Feb 18, BTC MA MAR 260 call for .18 which was sold (STO) on 1/28 for $9820 gain

Monday, February 22, 2010

DHR, SBUX, TGT

Would have closed on Wed 2/17:
DHR for a $650 gain in 15 days
SBUX for a $390 gain in 10 days
TGT for a $420 gain in 8 days

Sunday, February 21, 2010

Feb Options positions

Closed all February options positions by 2/12 for $4200 profit. See details on my website.

Friday, February 19, 2010

BRCM, HON

Would have closed BRCM on 2/17 for $440 gain and HON for a $360 gain.

Thursday, January 28, 2010

MRK

Would have closed my MRK position yesterday for a .30 gain per share. 10 x 100 x.30 = $300.

Tuesday, January 26, 2010

MRK, AAPL

Yesterday liked the MRK Mar 38 put for 1.45 or less, watching AAPL call position for closing, they had earnings blowout and new product tomorrow

Monday, January 25, 2010

GS, SLB

Would have closed GS at 2.50 or more for gain of .60 10 contracts x 100 shares = $600 in 9 days. See 1/13 website post
Would have closed SLB at 2.90 or more for gain of .80 x 10 contracts x 100 shares = $800 in 1 day see 1/21 website post