RE: INTC
Posted by Jack Haddad on February 13, 2008 at 1:00 pm
On 1/16/08, I posted the following:
“Bought 20 blocks at 19.97, and wrote 2000 Jan strike 20 calls at .29/contract to hedge the underlying shares. I feel this is a good dollar cost averaging infliction point after selling a large block several days ago. This play ensure me .29/share times 200,000 shares, a return that isn’t bad in 3 days remaining to option expiration.”
On 1/22/08, I posted:
“The 2000 Jan strike 20 calls on INTC which I wrote at .29/contract expired last Friday. Because the shares closed below the strike, I have pocketed the entire premium. I wrote 2000 Feb strike 20 calls at .31/contract. INTC continues to take a beating, and I will continue to add more shares.”
Today, I covered 2000 Feb Strike 20 calls at 1.18/contract, and sold 20 blocks at 21.17. Do you see how the quantitative pattern from the very top to bottom has yielded the returns in the wake of the market’s risk. It’s literally proof!
New: Join my personal mailing list for instant trade updates.
Related Posts:
Filed Under Random and Stock Insight and Stock News and Stock Trades |
Subscribe to the Blog
|
Recieve Blog Updates by Email!
----------------------------------------
Share Your Knowledge »