Posted by Jack Haddad on February 19, 2008 at 1:04 pm
Bought 3 blocks at 79.88, and wrote 300 March strike 80 calls at 5.2/contract. BSC’s bid for Macquarie Private Capital Group is the recent weakenss in BSC shares. The March 80 strike offers me a 5 point downside protection. If the shares go below 75, I’m still willing to hold them and write another round […]
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Posted by Jack Haddad on February 14, 2008 at 12:50 pm
Bought 20 blocks at 20.52. Today’s downside, which is attributed to the removal of INTC from the conviction “buy” list, does not mean anything negative concerning the fundamentals of the company. INTC’s fundamentals are no different today than they were 3 months ago. Therefore, Goldman’s removal of INTC from their “buy” list recommendation is at best […]
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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 […]
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Posted by Jack Haddad on February 13, 2008 at 10:11 am
On 12/31/2007, the following was done:
“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 underlyig shares taken away by Jan option expiration.”
On […]
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Posted by Jack Haddad on February 6, 2008 at 12:12 pm
On 1/30/08 I posted the following:
“Team, I shorted 5 blocks at 135.81. The run from 127 to 135 is overdone. The market has rallied almost 910 points since the intraday lows of 11560 from last week. One can say that the market has already discounted today’s rate cut. We should sell-off thereafter.”
Today, I covered the […]
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