Doctor Jack's Stock Medicine

Imcl

Bought 2 blocks of IMCL, and wrote 200 Nov 30 calls at 1.50/contract. The resistance of 30 and support of 28 should hold well for the premium on the calls to vanish completely.

[skiracer]

Mike, I sold my 2 blocks of SLB at 61.56 and bought back the Nov 60 calls at 3.55/contract. My net profit was 79 cents/share times 20,000 shares.

Jack,
Now that is capitalism at it's finest. Beautiful play. Everyone should be following this thread. If one were to position size it to 1/10th of your play it would still mean a $1580 +- gain less the commissions.

Slb

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

Mike, I sold my 2 blocks of SLB at 61.56 and bought back the Nov 60 calls at 3.55/contract. My net profit was 79 cents/share times 20,000 shares.

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

I just noticed that aapl oct. 75 calls are bringing over $2 of time value (stock is at $74.53), with 2 days left! Talk about juicy.

Yhoo

Bought 3 blocks at 23.01 to 23.06 and wrote 300 Nov 22.50 calls at 1.30/contract. The stock is cheap and undervalued, despite the slump in not meeting Wall Street expectations.

Slb

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

Intc

http://www.avcg.net/news/newsandarticles_article.asp?DID=154

I appreciate it that you share your trading methodology with us. How do you set your target..ie your sell points? Some of your trades are just for a few pennies whereas others are for several points. Do you know before-hand how much you are willing to wait for?

I don't forecast or set a gola for a profit on a stock. My decision to unload or load on a particular security is based on a multiplicity of factors. It's really an equilibrium of how much equity I'm willing to tie up on a given day relative to a market day's risk.

Tso

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

I appreciate it that you share your trading methodology with us. How do you set your target..ie your sell points? Some of your trades are just for a few pennies whereas others are for several points. Do you know before-hand how much you are willing to wait for?

[skiracer]

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

Great to hear that you think that way Jack. I have been watching all your moves and have made a number of them in a separate account that I set up just to see how well it does in relation to my other trading acct. Doing very well although on a much smaller scale.
I find it hard to believe that last statement.

I've been following his thread closely for awhile now once I realized who and what he is. If you only made his plays as he posts them you would be up alot more that you probably are right now. Apparently he does real well and I'm sure that he is exposed to all the right inside info and moves on the street.
No reason to feel dumb next to him but to miss out on what he is doing while it is right in front of our faces could be considered somewhat dumb.
What I don't really understand is what he is doing here with us turkeys. Maybe he just likes slumming.

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

well...he is running a hedge fund and its not often one gets to talk to a real hedge fund manager. I'm guessing though that these trades are not in the hedge fund but in his personal account. Jack, how do you manage to trade both..ie isn't it too distracting?

It's not at all... I have both set up in a manner that when I buy in blocks, I allocate some to my personal account. And it's perfectly legal thus far. This is the beauty of a private placement industry.

Tso

Added another block at 65.40

Sold at 65.92

Tso

Bought 1 block at 58.31

Sold at 66.01