Thursday, October 30, 2008

SOLD AAPL CALLS/ HELD HK calls (for now)... UPDATE: WYNN puts

Well, Dec 150 calls @.78... bought @.4 yesterday. Sold... Take that profit. I have an uneasy feeling about tomorrow, especially tech. If the market does shoot up, then there is nothing i can do... Just being content with a nice profit. I am on the lookout for other options. I continue to hold HK. Altho i am thinking of moving the time window farther out. But energy should be back just related to winter alone.

I havent posted any earnings list... its gotten too tedious. There are still opportunities there, but i refuse to get in earnings specific positions unless it is a mover (i.e. AAPL or POT). One that i wish i did get in on was EXPE put, they finally admitted slowing travel. I tried to buy puts on them the last time and lost it all... they basically lied regarding their guidance.

Here is a short list for Friday pre-market: CVX, GG, PGN, WY... as you see mostly energy and gold.

I wait patiently for the next opportunity....

UPDATE (2:13 pm EST)
bought WYNN Nov 45 puts @6.3 ... i totally might regret this move. It is basically a technical move. There is a lot of buying action prior to earnings at the close. AND my hint as to how they will do was EXPE earnings report. Although bookings were up, they refused to give any solid guidance. My guess is that more people go online for deals than ever before. The days of calling a Travel Rep are basically over in booking basic travel... You only go to them for packages. Thus this risky move is based on a possible 'fakeout' and WYNN saying just one wrong thing in their conference call. AGAIN, i might totally regret this move as it will negate much of my gain the past 2 weeks or so.

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