Sold 350 shs of Marvell Technology @ $17.09, covered 5 Oct $17 Call, finance by shorting 2×100 Jan2011 $14 Put, 2×100 Jan2011 $15 Put, and 2×100 Jan2011 $20 Call
P&L for Cash : $833
Cost of Covering $17 Sept Call : 0.97 x 500 = $485
Amount received for finance : 0.73 x 200 + 0.90 x 200 + 0.64 x 200 = $454
Did a Forward and Up Roll for MRVL: Covered 5×100 Sept 2010 $16 Call & Shorted 5×100 Oct 2010 $17 Call at debit $0.10
Marvell Technology could go higher on takeover speculations.
We would like to capture more gains by covering our Sept $16 call and forward up rolled it into a Oct $17 call.
net cost 10 cents
Shorted 100 shs of AMD at $6.00. Full delta hedge on our Sept/Oct $7 Calendar Put Spread
Buy-Write 500 shs / 5×100 covered call on Marvell Technology
We bought 500 shs of MRVL at 14.70 and sold 5×100 Sept10 $16 Call at $0.35.max profit $825
Sold 230 shs of Microsoft (Nasdaq: MSFT) @ 25.52
sold all of our shs as we have sold our put earlier
P&L +$39.10
Covered 100 shs of Microsoft (MSFT) @ $25.37, then bought 230 shs of MSFT at $25.35 , delta hedging our straddle
we covered our short in MSFT
P&L + $86
we then made another adjustment to our delta by buying 230 shares of MSFT at $25.35, which is half of the gamma value.
Shorted 100 shs of Microsoft (NASDAQ: MSFT) at $26.24
just some delta hedging on our straddle
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
