Closed for $0.40 ($0.40 profit) .
Got 0.80 credit for the spread on March/21
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Entry link: FDX at support? Mar/21/2013
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Thursday, March 28, 2013
GS momentum to downside? Mar/28/2013
April/08/2013: Closed for $4.30 ($1.65 profit) .
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Been waiting for banks to slow down from the last many weeks. GS made some decent push lower and I am looking for continued weakness going towards it's earnings. Earnings is scheduled for May expiry, so this is not a trade for earnings. My trade below:
Goldman Sachs Group, Inc. (NYSE:GS) butterfly:
Buy 1X $150 April monthly put
Sell 2X $140 April monthly put
Buy 1X $130 April monthly put
(Debit $2.65)
*Please do your own research before buying any stock listed here. Disclaimer.
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Been waiting for banks to slow down from the last many weeks. GS made some decent push lower and I am looking for continued weakness going towards it's earnings. Earnings is scheduled for May expiry, so this is not a trade for earnings. My trade below:
GS Daily chart |
GS Weekly chart |
Goldman Sachs Group, Inc. (NYSE:GS) butterfly:
Buy 1X $150 April monthly put
Sell 2X $140 April monthly put
Buy 1X $130 April monthly put
(Debit $2.65)
*Please do your own research before buying any stock listed here. Disclaimer.
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Wednesday, March 27, 2013
SLB trend to continue? Mar/27/2013
Update April/15: closed all 100% profit link
Update March/28:
Added another half at $0.60 as planned. My average is now $0.69
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Looking for continued weakness in SLB, and increase in Volatility towards it's earnings. Earnings is scheduled for April/19, so April expiry catches the earnings. Added half today and will add remaining tomorrow if it goes higher. My trade below:
Schlumberger Limited. (NYSE:SLB) buy puts:
Buy $72.5 monthly put
(Debit $0.78)
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Update March/28:
Added another half at $0.60 as planned. My average is now $0.69
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Looking for continued weakness in SLB, and increase in Volatility towards it's earnings. Earnings is scheduled for April/19, so April expiry catches the earnings. Added half today and will add remaining tomorrow if it goes higher. My trade below:
SLB Daily showing decreasing Volatility |
SLB weekly |
Schlumberger Limited. (NYSE:SLB) buy puts:
Buy $72.5 monthly put
(Debit $0.78)
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Thursday, March 21, 2013
FDX at support? Mar/21/2013
FDX, FedEx Corporation got hammered after the earnings. This trade below can be tricky to handle trying to go against the momentum. Looking at 2 year chart, we are in the range of previous highs. April two standard deviation move also brings us to the same range. Looking at those two things, I initiated the trade given below.
I also like 92.5 or 90 put calender (monthlies) in this scenario, where we know the momentum is to the downside but we might chop around this range for a few days/weeks before possibly heading down more in the coming months. This way you give yourself some time to decide what to do with the may put while you eat the April premium. I got the 90 put calender.
FedEx Corporation (NYSE:FDX) sell put vertical:
Sell 1X $95 monthy put
Buy 1X $92.5 monthly put
(Credit $0.8)
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I also like 92.5 or 90 put calender (monthlies) in this scenario, where we know the momentum is to the downside but we might chop around this range for a few days/weeks before possibly heading down more in the coming months. This way you give yourself some time to decide what to do with the may put while you eat the April premium. I got the 90 put calender.
FDX Weekly |
FedEx Corporation (NYSE:FDX) sell put vertical:
Sell 1X $95 monthy put
Buy 1X $92.5 monthly put
(Credit $0.8)
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Wednesday, March 13, 2013
DWA upswing, Mar/13/2013
DWA, Dreamworks Animation Skg Inc(NASDAQ:DWA), is trying to move out higher of the long term consolidation range. To me it looks more of a long term signal to get long at any dips. I had a 20 call calender from the earnings play I did, which is now almost 4X. I am now ready to buy any dips in the coming days or weeks, and looking for continued strength in DWA.
DWA weekly chart |
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