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
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 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
Sold 1×100 Research In Motion (RIMM) July $52.5 Put at 3.55, Shorted 20 more shs of RIMM at 49.93. Maintaining Delta Neutral
There are only 17 days left in the July 52.5 Put,
as RIMM is now standing at 49.93 and the $52.5 Put trading at $3.55 with intrinsic value of $2.57. The time value will decay fast as there are only 17 days left and if it becomes deep in the money.
we decided to sell 1 contract and keeping the other, which remaining delta neutral by shorting another 20 shs.
Covered 2×100 Research in Motion (RIMM) July10 $60 Call @ 0.18, Shorted 80 shs of RIMM at 52.04
The $60 Call that was part of the straddle we shorted is almost worthless, we decided to cover it at 18 cents, and shorted 80 shs of RIMM to make our total position delta neutral.
now we are longing 2 RIMM July $67.50 CALL, shorting 2 RIMM July $60 Put, longing 2 RIMM July $52.50 Put, Shorting 80 underlying.
Covered 500 shares of Advanced Micro Device (Nasdaq:AMD) at $8.60
AMD touched the 20 EMA briefly today before it started to rebound from its day lo at 8.48
8.71 Pivot Point is acting as today's reistance while 8.60 is the support for the past 2 hours.
we decided to exit this position as today could be closing as a DOJI, along with 20 EMA acting as a support, it could be showing a sign of reversal.
P&L + $150
