BBY new trade, upside, Apr/12/2013

Had BBY as one of many custom alerts on our scanner today. Looking for continued strength in BBY in coming days/weeks. My trade below:

BBY Daily

Best Buy Co., Inc. (NYSE:BBY) call calender:
Sell $26  April monthly call
Buy $26  May monthly call
(Debit $0.53)

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DE for protected downside, Apr/11/2013

Our custom scanner alerted us DE for downside yesterday.The weekly chart also looks good for some potential downside in coming weeks. Some kind of calender can be great in this scenario.
(Trade not disclosed.)

DE Weekly

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TBT new trade, downside, Apr/10/2013

Our custom scanner had TBT and TLT in the alert. Looks like TLT may make all time highs in coming months and will take some position in there too. Does that mean hard times for the markets? We will have to wait and watch!

Was waiting for a good point in TBT to short again. Going with a safer bet using a calender. My trade below:

TBT Daily

ProShares UltraShort 20+ Year Treasury ETF (TBT) put calender:
Sell $59  April monthly put
Buy $59  May monthly put
(Debit $0.47)

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GS closed

Closed for $4.30 ($1.65 profit) .
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Entry link: GS momentum to downside? Mar/28/2013

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WYNN new trade, fade the rally, Apr/08/2013

WYNN (@ $122.11) is in our custom radar for the short side today (not for intra day trading, but for the next few days or weeks). I am not interested in shorting it aggressively on the face of this strong rally in the stock. My first trade is to take the use of increased volatility in WYNN and selling a credit spread for higher strikes. My trade below. I will probably get a put butterfly 125/115/105 (or something similar) for the monthly expiry as well. Let's see!

WYNN Daily chart

Wynn Resorts, Limited (NASDAQ:WYNN) credit vertical:      
Sell  $125  April monthly call
Buy  $130  April monthly put
(Credit $0.80)  

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OXY new bearish trade, Apr/03/2013

The strong push down that OXY made between 18th to 25th must have made many nervous and willing to adjust their trades to the downside. This signal makes me think that intermediate signal for OXY is bearish. I have been looking to enter OXY to the downside. The IV doesn't seem to go down, so today I decided on a bearish double vertical for April expiry.

OXY Daily

Occidental Petroleum Corporation (NYSE:OXY) bearish spread:     
Buy  $85   April monthly call
Sell  $82.5 April monthly call
Buy  $80   April monthly put
Sell  $77.5 April monthly put
(Credit $0.05)  

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V momentum to upside? Apr/03/2013

With such strong momentum in V, I am interested in the long side going into earnings push in may. I do not want to buy a long position while it's falling, I thought a calender can be handled easily in this scenario. My trade below. But, I am still watching it closely for a turnaround which will make a strong rally in V soon I think.

V Daily

V Weekly

Visa Inc(NYSE:V) 170 call calender:    
Sell $170 April monthly call
Buy $170 May monthly call
(Debit $1.65)  

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SLB half closed, riding half free

Closed half for $1.20 (almost 100% profit) yesterday. Got lucky as it was almost the high of the day for this option. Riding the other half for 9c now and will watch it closely for the next few days and hope to hold it for as long as I can digest if it stays here or keeps sliding.
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Entry link: SLB trend to continue? Mar/27/2013

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