Tuesday, September 18, 2007

Updates on some recent trades

Closed (early) my long position on SIGM yesterday, Although profitable but th e real move came after I sold yesterday, so for those of you who are holding to your SIGM long positions, you can thank me later for selling early :)
I also closed my AAPL Sept calls (Sold Sept 140 calls at 2.85 on Mon. Sept 17th, I paid 2.05 for them on Friday Sept 14th)
Update on Getty Images (GYI) Short position: I missed out on this one, I refused to pay 0.05 extra to buy Oct 30 puts on this one (I could have bought at $2 yesterday), the GYI is down 1.64 today and those Oct 30 calls are $3.40), well the volume on the options are too low. I decided not to go along with shorting RAIL, since many investors are considering it as a quality stock and step up to buy at this level, I did buy Oct puts on Carinal Health (CAH), paid $1.65, its trading at $1.40 now.

No comments: