Trade Updates: Applied Material
we are still holding 10 x 100 APRIL10 $14 Call …
today's analyst day had some positive news
from Reuters //
Sees fiscal 2010 revenue $8 billion-$8.5 billion
* Sees improving demand across many business segments
SAN FRANCISCO, March 30 (Reuters) – Applied Materials Inc <AMAT.O>, the world's largest producer of chipmaking gear, on Tuesday raised its revenue outlook for the year on increasing demand across many of its business units, sending its shares up more than 1 percent in late trading.
The company said it expects fiscal 2010 net sales to be more than 60 percent higher than last year. The company had forecast that sales would be up 50 percent from fiscal 2009.
Applied Materials expects sales in its silicon segment to be up more than 120 percent in fiscal 2010, sales in its global services unit to be up more than 35 percent and sales in its display unit to be up more than 50 percent, the company said in a presentation to analysts.
The company expects revenue in the range of $8 billion to $8.5 billion in fiscal 2010.
Wall Street analysts expect Applied Materials to post revenue of $8.29 billion, according to Thomson Reuters I/B/E/S.
Bought 10 x 100 Applied Material (AMAT) April10 $14 Call at avg 11.4 cents
analyst meeting on March 30th
looking for a quick gain .
Covered 200 shs of AMD at $9.05
tested 8.79 very briefly before bouncing back to above $9 .
decided to cut loss and sold at $9.05
P&L - 34
Bought 2 x 100 Marvell Technology (NASDAQ: MRVL) May $19 / 22.5 Risk Reversal @ 35 cents
The market looks weak today and reading from the daily chart, MRVL seems to be lack of direction.
I quite like this company and dont want to sell it.
the best way to capture the potential upside while protecting the possible market downturn is to buy a Risk Reserval.
Bought : May10 $19 PUT
Sold : May10 $22.5 CALL
Net Debit of 35 cents
or $70 USD
re-Shorted 200 shs of AMD at $8.88
revisiting this short idea again ..
william % shows it is overbought on daily chart
OBV dropping
50 days SMA is moving downward and just crossed below 20 days EMA
volumes drying ..
Sold 1000 shs of CNOOC (SEHK:883) at $12.82 HKD
Sold the remaining 1000 shs in CNOOC today at $12.82.
this is a really slow moving and boring stock..
it took us a month to profit not even 100 USD !!!
P&L + 640 HKD
Bought 10 Cisco Systems (NASDAQ:CSCO) 100 MAR10 $28 CALL at 3 cents
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
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
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
sold 1/3 of our position at 20.27
P&L + 52
