Posted by Jack Haddad on December 31, 2007 at 12:45 pm
On 12/127/07 at 8:28AM I posted the following: “Added 10 blocks at 7.61. I don’t want to write calls against the shares because the plan is to generate a quick profit by potentially selling intraday. However, I will hold in the event the shares decide to test lower.” That said, in the past several trading […]
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Posted by Jack Haddad on December 31, 2007 at 12:01 pm
Fannie and Freddie are selling for 25% or 35% of what they are worth. The upside is three- or four-fold once the mortgage crisis unfolds. These stocks in the $20s don’t make any sense, even in a bear case where they have to raise lots of capital. Even if Freddie has to issue $5 billion […]
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Posted by Jack Haddad on December 31, 2007 at 10:44 am
Team, below are 3-series videos that were recommended by my good friend, option trader, Alex. They depict the horror of the “derivative time-bomb” that everyone is fearing. Basically, it reveals how banks can legally create money from debt, and that more than 95% of money supply in US are made from debt– a paramount act […]
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Posted by Jack Haddad on December 31, 2007 at 9:58 am
Team,
I direct your attention to KSS and TGT. I like the the Jan strike 45 for KSS at 1.85/contract and the Jan strike 50 for TGT at 2.15/contract. I would have taken postions in both today. However, I cannot wrote the strikes mentioned above due to low trading volume. you’ll notice KSS is trading under […]
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Posted by Jack Haddad on December 31, 2007 at 9:09 am
Bought 4 blocks of C at 28.96, and wrote 400 Jan strike 27.50 at 2.12/contract for intrinsic value of .66/share times 40,000 shares. The intention behind this strategic play is similar to the one I did on INTC earlier– To have my underlying shares taken away by Jan option expiration.
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