Bought 10 Cisco Systems (NASDAQ:CSCO) 100 MAR10 $28 CALL at 3 cents

March 9, 2010 · Posted in Trades, US Options · Comment 

a cheap play to bet on the annoucement tomorrow

filled at 3 cents…

Sold 10 Cisco System (NASDAQ:CSCO) 100 MAR10 $25 CALL at $1.10

March 9, 2010 · Posted in Trades, US Options · Comment 

decided to take a quick and decent profit of $180.

as the option is expiring on the 19th. it is a little risky to wait for the their annoucement tomorrow.

better to sell this while the hype is up than to feel sorry if it's ended up to be a bust or nothing really exciting tomorrow.

Bought 10 Cisco Systems (NASDAQ:CSCO) 100 March10 $25 CALL at 93 cents

March 9, 2010 · Posted in Trades, US Options · Comment 

just reported on CNBC that Cisco will make a significant annoucement tomorrow that will forever change the internet.

looking at the option chain, the March $25 call has the best value when it was trading at 93 cents and the underlying was trading at $25.86.

Intrinsic of 86 cents , time value is only 7 cents.

there is 11 days remaining in the option

 

Sold 100 shs of Marvell Technology (Nasdaq:MRVL) at 20.27

March 6, 2010 · Posted in Trades, US Equities · Comment 

sold 1/3 of our position at 20.27

P&L + 52

Bought 300 shs of Marvell Technology (NASDAQ: MRVL) at $19.75 during pre-hours

March 5, 2010 · Posted in Trades, US Equities · Comment 

Sold off after the earnings .. down to $18.75 after hours yesterday.

we personally like the earnings and guidance, and we decided to add position at this level.

although we have admit that we were a little bit late when we wanted to add position at around 19.30ish earlier ..

Shorted 200 shs of Yahoo! Inc (NASDAQ: YHOO) at $15.70 (delta hedging our call spread)

March 1, 2010 · Posted in Trades, US Equities, US Options · Comment 

Yahoo rallied today, seeing a good entry point to hedge half of our delta for the call spread we bought back on Feb 12. We left it unhedge when we first bought it and we decided that it's time to start to hedge a little.

Currently our July 16/20 call spread has a delta of around 40.

so we decided to hedge half of our delta for 200 shs at $15.70

Sold the remaining 100 shs of Citigroup at 3.38

March 1, 2010 · Posted in Trades · Comment 

Sold the remaining 100 shs of Citigroup at 3.38 as our Put is almost worthless now

P&L + 22

 

 

 

Covered 300 shs of AMD @ 8.02

February 25, 2010 · Posted in Trades, US Equities · Comment 

our short placed yesterday turns out to be a failure. covered short at our pre-determined stop loss px at $8.02

P&L - $70.50

Sold 60 shs of Citigroup at 3.40 to lower the delta for the put

February 25, 2010 · Posted in Trades, US Equities, US Options · Comment 

Shorted 300 shares of AMD at 7.73

February 23, 2010 · Posted in Trades, US Equities · Comment 

double top at $8.08 ?

failed to break above the January high at 8.25, and its consolidating below the 20 days EMA.

to be safe, didnt place any short order when it was still above $8.00

stop loss at $8.03

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