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Archive for January, 2012

Posted by Martin January 09, 2012

New trade – FCX

Freeport McMoRan (FCX) Bear Call spread BTO 1 FCX Feb18 2012 42.00 Call STO 1 FCX Feb18 2012 39.00 Call Price: limit credit $1.20 Max risk: $180 Max gain: $120 if price stays below $39 at expiration Update: 01/10/2012 – filled @ $1.2 ($120 credit)

Posted by Martin January 06, 2012

New trade – DO

This trade shall open on Monday next week: Diamond Offshore Drilling Inc (DO) Iron Condor BTO 1 DO Jan21 2012 66.25 Call STO 1 DO Jan21 2012 61.25 Call STO 1 DO Jan21 2012 52.00 Put BTO 1 DO Jan21 2012 47.00 Put Price: limit credit $4.61 Max risk: $39 Max gain: $461 if price Continue reading →

Posted by Martin January 05, 2012

New trade – UNG

U.S. Natural Gas ETF (UNG) Long call BTO 1 UNG Apr21 2012 7 Call Price: limit debit $0.25 Max risk: $25 Max gain: Unlimited Update: 01/07/2012 – canceled, it didn’t meet the entry price

Posted by Martin January 04, 2012

New trade – GLD butterfly

When looking at GLD recently, we can see that it broke below its 200 day MA as well as it broke thru its long term trend. It seems GLD is poised to go lower. Today the market showed a bit weak trading (compared to yesterday’s big move), so I believe, GLD can get lower during Continue reading →

Posted by Martin January 03, 2012

New trade – ATI; Trade adjustment – SLB

I am going to open a new contingent order: Allegheny Technologies Long Puts Contingency: If the stock’s last price is greater or equal than 54.20 then: BTO 1 ATI Apr21 2012 55 Put Price: at market (expected price per contract would be $6.2) Max risk: $620 Max gain: Unlimited (potential target: $11.70 or $1170 per Continue reading →

Posted by Martin January 03, 2012

Trade adjustment CAT

Trade adjustment on Caterpillar: Put Spread STC 1 CAT Jan21 2012 90 Put BTO 1 CAT Feb21 2012 90 Put STO 1 CAT Feb21 2012 85 Put Limit debit $0.15 New cost basis: $2.73

Posted by Martin January 01, 2012

New trades – GD, DB,

New trade ideas to be entered on Tuesday morning: General Dynamics Short stock STO 13 GD at stop = $66.24; limit = $66.10 If filled, stop loss at $68.36 Max risk: $27.56 Max gain: Unlimited Update: 01/03/2012 – trade canceled, it didn’t meet entry price Deutsche Bank Diagonal Put Spread BTO 1 DB Apr21 2012 Continue reading →