BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Monday, May 21, 2007

Late running-out option plays today

  1. Recently we had good call option plays with MRO CVX MCD. Both MRO & CVX set another new high today.
  2. HOC 70June call , once got@1.3 & sold @1.75. I bought back @1.4 last Tuesday, added some@ 1.3 last Thursday & it reached 2.9 today& now 2.5(+15.91%)...first called ( Bullish play: HOC@67.16, target: 68.9, 77 stop:67 -May10).// HOC reached 71.25 today.
  3. WNR June40-call, reached 4 & now 3.4(+65.85%). called last Mon(WNR now 39.6, bot 40 June-call option. Target:WNR@40.9,-45, Stop:38.8-May14) //finally moving up big here. WNR reached 42.93 today. My call bot@ 1.75-1.35

posted by Blue @ 11:09 PM