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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Taking profit on X - Real Money trades from Monday Oct 31

Date November 3, 2011    Comments Comments (12)    Rate this post Recommend This Post (53)   
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Will take profit ox X - covered call play today = about 4% in 4 days is decent return with some safety of covered call play - sure have to give up some for writing the covered call


 


http://www.peopleandpicks.com/blog/rjm77me/3690245/Real-money-trades-For-Monday-Oct-31/

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12 Comment(s):

Author rjm77me     Date November 3, 2011 09:18  Edited: November 3, 2011 by rjm77me Abuse this post Report Abuse
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QCOM and RIG will be next Real Money trades to watch
QCOM sees FY12 $3.42-3.62 vs $3.48 sees revs $18.0-19.0 mln vs $17.29 bln Estimate : 02-Nov-11 16:01 sees Q1 $0.86-0.92 vs $0.85 Estimate; sees revs $4.35-4.75 bln vs $4.25 bln
RIG missed and normally does not stay down for more than 3 days - based on past data
Author rjm77me     Date November 3, 2011 09:32 Abuse this post Report Abuse
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Stocks like ALU, BCS, ING are indirect proxy of European market and can be bought on 2 days dip
Have made decent money on ALU by swing trades - taking 8% profit on ALU bought 2 days ago
Author rjm77me     Date November 3, 2011 11:15 Abuse this post Report Abuse
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Bought
RIG 111217C52.5
with limit order of 1.96 will be selling Dec 60 call
Author rjm77me     Date November 4, 2011 14:16  Edited: November 4, 2011 by rjm77me Abuse this post Report Abuse
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bought ALU at 2.26 had sold yesterday at 2.72
I did add RIG 52.5 calls at 1.54 and sold at 1.97 this morning - still holding 5 contracts
Author rjm77me     Date November 4, 2011 14:18  Edited: November 4, 2011 by rjm77me Abuse this post Report Abuse
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bought call spread
CHK 111217C25
CHK 111217C31
sold dec 25 put for 1.03
TOTAL NET COST 1.42 DEBIT
CHK STOCK @ 27.07
Author rjm77me     Date November 4, 2011 19:35 Abuse this post Report Abuse
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Chk Option Makes money as long as the stock closes above 26.42 or I will close in next 5 to 10 days with 60% profit which is when ever the stock moves up to around $28.7 intraday
CHK Stock opened above $29 today morning
The trade offers decent risk and reward
Author rjm77me     Date November 7, 2011 14:05 Abuse this post Report Abuse
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Bought call spread for $1.99 debit

POT 111217C47.5
POT 111217C52.5
Author rjm77me     Date November 7, 2011 14:05 Abuse this post Report Abuse
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Bought MS on dip at 14.31
Author rjm77me     Date November 7, 2011 14:41 Abuse this post Report Abuse
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MS sold @ 14.62 as part of random trade 1.8% profit for the day trade
Author rjm77me     Date November 9, 2011 13:17 Abuse this post Report Abuse
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Buy MS again in Real time portfolio at 16.15
Author rjm77me     Date November 9, 2011 13:18 Abuse this post Report Abuse
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buy HAL 111217C35
with limit 3.70
Author rjm77me     Date November 9, 2011 17:58 Abuse this post Report Abuse
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Waiting for X US steel for additional $1 pull back to buy again
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