Doctor Jack's Stock Medicine

[Jack Haddad]

Bought back 300 June 30.00 calls at .05, and wrote the July 25.00 at 4.60

Bought back 300 July 25 calls at 1.30, and wrote 300 August 25 calls for 2.10/contract.

[Rob]

Bought back 300 July 25 calls at 1.30, and wrote 300 August 25 calls for 2.10/contract.

Just a suggestion: It would be nice if you could include the underlying stock, so that no one would have to hunt the previous posts to see which one it is.

[Jack Haddad]

Well I got triggered out of my EBAY position for a loss this morning. The fact that I had hedged with the covered calls saved me over a hundred bucks ... on the other hand, if I had just owned the stock without the hedge, I probably wouldn't have sold it yet. I'm sure I must've done something wrong here, but I'm still learning this hedging stuff.

You mean you set a stop loss and your shares were sold?

[Rob]

You mean you set a stop loss and your shares were sold?

That's exactly what I mean.

[Jack Haddad]

Just a suggestion: It would be nice if you could include the underlying stock, so that no one would have to hunt the previous posts to see which one it is.

Opps, good idea... The above calls refer to HOV.

[Lyehopper]

How quickly you forget, eh? A couple of months back I was day/swing trading ELN and posting the trades in real-time. Go back to the ELN thread and you'll find them.

But why?.... I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

[IIC]

Quote:
Originally Posted by DSteckler
How quickly you forget, eh? A couple of months back I was day/swing trading ELN and posting the trades in real-time. Go back to the ELN thread and you'll find them.

But why?.... I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

I remember that...I thought you were simply going to make a living trading in and out of ELN...Doug

[DSteckler]

But why?.... I'm trying to understand your motivation for posting them?

Because I was asked to.

[Jack Haddad]

Amd

Bought 1 block at 25.16 and sold 100 July 25.00 calls for 1.45/contract. After a nearly drop of 40% since Feb of 2006, the stock has reached a fair value. I also believe that the price war between INTC and AMD will boost PC demand in the second half of the year. At $25.16, AMD shares trade at 15 times 2007 GAAP earnings estimate of $1.65.

Bought back the july 25 calls at .10 and wrote 100 August 22.50 at 2.35

[Rob]

Jack, if EBAY keeps getting cheaper, I just may have to buy it again. Unfortunately I won't be able to watch it closely today, or at least for the next couple hours.

[Jack Haddad]

Amd

Bought back 100 June 30.00 calls at .05 and wrote 100 July 27.50 calls at .95/contract

Bought back the July calls for .05/contract

[Jack Haddad]

Aapl

Bought 1 block at 50.65

[Jack Haddad]

Jack, if EBAY keeps getting cheaper, I just may have to buy it again. Unfortunately I won't be able to watch it closely today, or at least for the next couple hours.

Same here, Rob. I will accumulate more. I will not let the selling intimidate me in a stock like EBAY.

[Jack Haddad]

Aapl

Bought 1 block at 50.65

Sold at 51.04

[Jack Haddad]

Aapl

Bought 2 blocks at 50.54, and sold 200 July 50 calls for 2.45/contract.