haydenpong.com

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

Hayden — Tue, 07 Sep 2010 17:10:03 +0000

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

Hayden — Wed, 25 Aug 2010 16:59:51 +0000

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

Hayden — Wed, 25 Aug 2010 16:13:27 +0000

ANF gross margin dropped 150 bps.. We sold our 5×100 Abercrombie and Fitch (ANF) Aug10 $39 Put at $4.00

Hayden — Tue, 17 Aug 2010 17:24:02 +0000

ANF annouced its earnings earlier this morning.

EPS is 24 cents vs consensus of 16 cents

however, gross margin fell by 150 bps, and inventory cost up 47%

that's enough to drive the share down 9% …

its now down 7% and we took profit on our straddle by selling the put @ $4.00

the call is now almost worthless so we will just leave expire to save some commission or in case anything magical that might drive the share up again.

Realized P&L on the $39 Put : + $1055

Unrealized P&L on the $39 Call : - $790

Buy-Write 500 shs / 5×100 covered call on Marvell Technology

Hayden — Tue, 17 Aug 2010 02:10:37 +0000

We bought 500 shs of MRVL at 14.70 and sold 5×100 Sept10 $16 Call at $0.35.

max profit $825

Sold Microsoft (Nasdaq: MSFT) Aug 2010 $26 Call @ $0.23

Hayden — Tue, 10 Aug 2010 00:26:26 +0000

was legging to close out the straddle.

now our straddle position is closed

P&L for the call -$550

Sold 230 shs of Microsoft (Nasdaq: MSFT) @ 25.52

Hayden — Mon, 09 Aug 2010 14:58:57 +0000

sold all of our shs as we have sold our put earlier

P&L +$39.10

Sold 10×100 Microsoft (Nasdaq:MSFT) Aug 2010 $26 Put @ $0.82

Hayden — Mon, 09 Aug 2010 14:19:16 +0000

vol dropped significantly after we bought the straddle awhile.

we decided to close the put and riding on the call

P&L on the put $ -130

Covered 100 shs of Microsoft (MSFT) @ $25.37, then bought 230 shs of MSFT at $25.35 , delta hedging our straddle

Hayden — Thu, 05 Aug 2010 16:44:33 +0000

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.

Earnings Play – Bought 5×100 Abercrombie & Fitch (NYSE:ANF) Aug 2010 $39 Straddle @ $3.50

Hayden — Thu, 05 Aug 2010 00:32:09 +0000

ANF is one of the most volatile stocks in retails and it could be moving big ahead of Aug 17th's earnings

volatility play …we buy the august straddle ahead of the earnings.. vol @ around 55.7