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

Wednesday, May 16, 2007

Review of Recent Option Plays

  1. MRO 105May call, once touched 7.1& closed@ 6.5(+58.5%), called@ 1.95 last Tues( Call option: MRO 105May @1.95, ......-May 8).
  2. MCD 50June call, reached 2.5 &now 2.15(+28%), called@ 1.36 last Thurs( Order Fill CALLMCDJUN50//Option play:MCD June50 @1.36........-May10).
  3. HOC 70June call, got @1.3 & sold yesterday @1.75. I bought back this option @1.4& it closed @1.5 today...first called last Thurs( Bullish play: HOC@67.16, target: 68.9, 77 stop:67-May10).//
  4. CVX 80May-call reached 1.35, bot@ 0.9 yesterday & 80June -call reached 2.45, bot@ 2.1 yesterday . All sold for fast gain this morning, called ( Bought: CVX JUN80@2.1 MAY80@0.9 //Sell when CVX hit 82.7-83.8 -May 14)//

posted by Blue @ 2:33 AM