Tuesday, April 28, 2009

Naked Puts

So I've been getting into some naked puts, here's where I am so far.

Sold OIH May 70 put for .53 credit on 4/22.
Sold XLE May 40 put for .76 credit on 4/20.
Sold OXY June 45 put for .95 credit on 4/27.

Gotta take it easy with these, could go overboard.

Wednesday, April 8, 2009

Surprise Surprise! Looks like I was on the wrong side of BBBY, gapped up and kept going this morning after positive earnings news. I'll hold it until early next week, hopefully it will refill at some point. I sold the put side of MOS for a 20% gain, holding the call until it reaches breakeven or close to it. Sold FDO for a 35% gain.

Tuesday, April 7, 2009

Got into some straddles and puts/calls ahead of earnings this week:
BBBY Apr 25 Put
MOS Apr 45 Straddle
FDO Apr 32.5 Call

Wednesday morning we'll see how it goes.

Monday, April 6, 2009

Did a RIMM April 60 put on Friday morning at market open expecting the gap up to refill, sold 40 minutes later for a 30% gain.