CMG new Dec month trade, Dec/142012

Waiting for CMG to drop by $10 or so. I think the surprise move here may be to the upside so do not want to to risk a lot of money. I thought butterfly was a cheaper way to play the downside here. Trying to make a double or more if CMG slips.

CMG Daily chart

Chipotle Mexican Grill, Inc. (CMG) Butterfly:  
Buy 1X $270 Dec put
Sell 2X $260 Dec put
Buy 1X $250 Dec put
(Paid 90c) 

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ANF new Dec month trade, Nov/29/2012

It's tough to short a stock that is overbought but I think ANF is almost approaching a point where it is finding hard to go any higher. One can see dissipating upward pressure in daily and weekly charts. I do not see ANF going under $40 so if it goes in my direction in the next few days, I will try to convert this into some logical spread.

Daily chart

Weekly chart

Abercrombie & Fitch Co. (ANF) Puts:  
Buy $45 Dec put
(Paid $1.3) 

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SPX analysis, no new trades, Nov/20/2012

Watching for the SPX to start rolling down again after VIX expiry on Wednesday. One can see how TLT is down 1% for the day which might bring a little rally tomorrow and possibly on friday. I will be looking to enter some short positions tomorrow and friday to see if we hold these higher levels. VIX is at good levels right now and I am ready to buy dips here under $15 level. Looking to get in SPX put spreads and VIX call spread, while I play my other short term positions.

SPX daily chart

SPX daily chart showing a possible down-trend to continue

TLT daily chart supporting SPX

VIX daily chart

 
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GLD new Dec month trade, Nov/16/2012

Expired worthless for 100% profit
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Actually took this trade 2/3 days back when GLD volatility was slightly higher.

SPDR Gold Trust ETF (GLD) Iron Condor:  
Buy 1X $155 Dec put
Sell 1X $157 Dec put
Sell 1X $174 Dec call
Buy 1X $176 Dec call

(Got 53c) 

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VMW entire trade closed, Nov/16/2012

Trade update (Nov/16/2012):
Sold the remaining half for $1.75 for approx 550% profit
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Original post details here

VMW trade closed

Trade update (Nov/13/2012):
Sold half for 65c for 140% profit
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details here

AAPL new Weekly trade, Nov/08/2012

Trade update (Nov/09/2012):
Expired worthless for 100% profit
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For Apple, 525 range is almost like a 2 standard deviation move for the weekly. I wanted to take this opportunity to sell some naked puts. It does take a lot of margin and is extremely risky, but I like the odds here. My stop at $2 in case this goes sharply against.

Apple inc (AAPL) Naked sell:  
Sell 1X $530 Weekly put
(Got $1.25) 

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VVUS new Nov Monthly trade, Nov/05/2012

Didn't want to fight oversold VVUS, so thought selling puts may be a little better here. I know it's not the best trade, but I liked the credit I was getting and the room I get to be wrong in this trade.

VVUS daily chart

VIVUS, Inc. (VVUS) Credit vertical:  
Sell 1X $14 Nov put
Buy 1X $13 Nov put
(Got 40c) 

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AAPL new Nov Monthly trade, Nov/05/2012

Trade update (Nov/06/2012):
Looked scary and covered for 80c for 20% profit
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Apple Inc. (AAPL) Credit vertical:  
Sell 1X $555 Nov put
Buy 1X $550 Nov put
(Got $1)

AAPL daily chart

Looking for a test of 200-day moving average in Apple. Went too far in the strikes to give myself enough room to exit if it goes against. In a perfect case, I would like to convert this into an iron condor if we hit $600 in the next few days.


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AAPL new weekly trade, Nov/01/2012

Trade update (Nov/02/2012):
Expired worthless for 100% loss
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Apple Inc. (AAPL) Butterfly for debit: 
Buy 1X $590 Weekly call
Sell 2X $600 Weekly call
Buy 1X $605 Weekly call 
(Paid $1)

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SBUX PCLN LNKD earnings trade, Nov/01/2012

Trade update (Nov/02/2012):
Trade-1 SBUX: Closed for 15c for 42% loss
Trade-2 PCLN: Expired worthless for  100% profit
Trade-3 PCLN: Closed for 5c for almost 100% loss
Trade-2 LNKD: Expired worthless for  100% profit
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There's high volatility in all these stocks and we want to eat premiums from atleast the weeklies. Here are some trades we are taking today.

Starbucks Corporation (SBUX) Trade for debit: 
Buy 1X $48 Monthly call 
Sell 1X $48 Weekly call
(Paid 26c)

Priceline.com Inc (PCLN) Iron Condor for credit: 
Buy 1X $655 Weekly call 
Sell 1X $650 Weekly call
Sell 1X $500 Weekly put
Buy 1X $495 Weekly put
(Got 80c) 

Priceline.com Inc (PCLN) Butterfly for debit: 
Buy 1X $590 Weekly call
Sell 2X $600 Weekly call
Buy 1X $605 Weekly call 
(Paid 75c) 
I like the risk reward in this, trying to make 9.25, risking 0.75. 

Linkedin (LNKD) Iron Condor for Credit: 
Buy 1X $120 Weekly call 
Sell 1X $115 Weekly call
Sell 1X $95 Weekly put
Buy 1X $90 Weekly put
(Got a credit of $1.75) 

*Please do your own research before buying any stock listed here. Disclaimer.
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