Wednesday, October 31, 2007

Nothings Changed

FED gave a quarter % rate cut and hinted it may not do so the rest of the year. Itʻs a neutral stance...So, where did i position myself?

AAPL: having successfully traded out of Dec175calls (15% gain) i moved to Dec185calls. however, my sell trigger came as the Fed reported. it moved so fast that it triggered an immediate 18% loss...that had it been left alone would have basically gotten back to something negligable. I ended with a Dec190call@9.55

RIMM: Jan150@6.2 theyʻre in china now...they have a lead before AAPL gets there next year.

GOOG: Dec150call. finally have a piece of them. google phone social platform API news is getting out, tho misunderstood. besides AAPL, this stock is one that canʻt be denied as a sure winner.

VMW: Jan150@7.4...i already missed the action this past week. but it still has room to grow. this is the only option i have some worry about because of itʻs huge run up. But i believe thatʻs where it should have been anyway. I wonʻt go into my story of the falling "knife" again.

Straight up stock include:
BIDU & STP. Can move as fast as options at times...

I will indeed switch my Scottrade to Zecco. Execution is faster, not to mention cheaper. AMTD still has an awesome interface and services that will make up for anything i may not find in Zecco.

Basically, my positions are somewhat logical but carry greater risk than purely staying in the money. i didnʻt have enough capital to go around...so went a bit further out on strikes in December. All strikes are potentially within a week away from getting in the money.

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