Short Rolled 10 AMD $7 Aug/Sept Put with net credit of $0.12
With our Oct $7 at 29 cents, we would close down our position to stop loss if it drops below 17 cents. Breakeven without commission.
Covered 100 shs of Research In Motion (NASDAQ:RIMM) @ $52.99
cant find any news … dunno why it cracked down 4.5% today.
$53 could be a support (last Wed's day low)
covered it at $52.99
P&L $+200
Covered 100 shs of Research in Motion (NASDAQ:RIMM) @ $54.80
forced to cover half of our position as we received an alert that we will be going over our overnight margin limit if we take the whole position overnight.
P&L + $20
Shorted 200 shs of Research in Motion (NASDAQ:RIMM) @ $55
it has tested but failed to break above $55 quite a few times ever since it great gapped down back in June.
seeing it would be no different this time and we decided to short 200 shs @ $55
Bought 10×100 Microsoft (MSFT) August 2010 $26 Straddle @ $1.73
MSFT reports its 2Q after hours today.
aiming for at least 5% move either way
vol drops to a more attractive level today
Sold 500 shs of Marvell Technology (MRVL) @ 16.28
made a very huge mistake for being greedy and did sold when it was back at 17.90
P&L + $35
Bought 10×100 $7 Aug/Oct Calendar Put Spread on Advanced Micro Device (AMD) @ $0.25
Bought 500 shares of Marvell Technology (Nasdaq: MRVL) at $16.20
market is well off its low today, VIX is down 3% despite a down market, a sign of exhaustion of selling pressure ?? we'll see.
MRVL is bouncing off nicely today.
Risk : S&P closing below 1040 by Friday. Its a key support on the weekly chart
Covered 1 Research In Motion (RIMM) July $60 Put at $11.45, Covered 100 shs of RIMM @ 49.0099
July $60 Put P&L - $ 818.85
Underlying P&L +$250.41
after commission
