Thursday, October 23, 2008

SOLD & BOUGHT MSFT ... GLAD I MISSED MAR/HOT... (LATE NIGHT UPDAT)

Sold Nov 20 put @1.33, Bought Nov 15 put @.25... not likely but it would be a new low. so, its my spec for the day. Grabbed the profit... For now the street expects them to meet and guide low. But if they miss... the stock will be shot to pieces. Just like Vistas compatibility problems.

I am glad i bought SNE when i did. it is up 100% just today. They report next week.

AAPL of course is fading since earnings report... i am considering selling NOV 65 put... set a sell trigger.

As for MAR/HOT that i cried about yesterday. I cant believe that they held up despite the stink report. It actually shot up today. Whats up with that? Anyway, i now have another opportunity to get in.

Outside of JNPR which is already down, i found nothing interesting in terms of put buying today. There is nothing but Chinese companies (pink sheets) that dominate Fridays pre/aftermarket. So i get to take a break.

Monday though is another long list i will look at tonight.

UPDATE: i did sell my lone AAPL put for a 20% gain. if i held just a few minutes longer it would have been better. the MSFT spec i threw out there really was free as i banked on it with the earlier put i sold. casinos sold off today, and i have no idea why. WYNN reports Oct 30. So, i am hoping for a nice rally on Casinos prior to their horrible report. but then again i thought hotels would sink. it was already priced in. SNE is taking a huge hit in Asia as i type this 1030pm HST. They are revising earnings for the year prior to their report Oct 29.

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