Doctor Jack's Stock Medicine

Dia

Shorted 2 blocks of DIA at 121.90

Yes, bold move. And no options. I give you a great deal of credit with the way you trade, but looking at the chart . . . no sign of a bottom just yet.

Guess we'll see if he's human or machine.

Tol

Bought 3 blocks of TOL at 27.30, and wrote 300 DEC 27.50 calls at 1.30

[Websman]

Yes, bold move. And no options. I give you a great deal of credit with the way you trade, but looking at the chart . . . no sign of a bottom just yet.

Of course, if you'll notice NewBorn, He only bought a total of 10,000 shares. Looks like Jack's just having a little fun with this one...same reason I own 10,000 shares of UCPJ.OB and will probably double that position soon. jejeje

[New-born baby]

Bought 5000 shares at 2.41, and 5000 shares at 2.25

Yes, bold move. And no options. I give you a great deal of credit with the way you trade, but looking at the chart . . . no sign of a bottom just yet.

[Websman]

Bought 5000 shares at 2.41, and 5000 shares at 2.25

Bold move Jack. Doing a little bottom fishing eh?

If this trade works for you, I'll worship the ground you work on.

Blue

Bought 5000 shares at 2.41, and 5000 shares at 2.25

Nem

Bought back the 2 blocks at 41.37 and this time I decided to go with writing 200 Nov 40 calls at 2.00/contract. I decided on “in the money” calls because I believe the stock is going lower. Since I want to accumulate it, any downside protection will be guarded by the calls. Also, holding the underlying shares pays a substantial amount of dividend.

Sold the shares at 45.18 and bought back the calls at 5.20/contract for a net gan of 61 cents/share times 20,000 shares.

[New-born baby]

MRVL is looking much better for me. Let's see if it can continue.

Nice play, Webs. I considered making the play after it dipped, but didn't. Should have, though

[Websman]

MRVL is looking much better for me. Let's see if it can continue.

Dia

Shorted 2 blocks of DIA at 121.64

Covered at 121.51

Nvda

Bought 7 blocks of NVDA at 34.31 to 34.33, and wrote 700 Nov 32.50 calls at 2.70/contract. The calls have a juicy premium, considering that theyre "deep in the money."

Yhoo

Bought 10 blocks of YHOO at 27.00 to 27.02, and wrote 1000 DEC 25.00 Calls at 2.55/contract. The intrinsic value of 1.50 calls for a great hedge! YHOO is a recovery story and a likely takeover candidate.

Dia

Shorted 2 blocks of DIA at 121.64

Intc

Added 8 blocks of INTC at 20.41, and wrote 800 Nov 20 calls for .60/contract. I couldn't resist the intrinsic value remaining.

Sold 8 blocks of intc at 20.70, and covered 800 Nov 20 calls at .80 for a profit of 9 cents/share times 80,000 shares.