Doctor Jack's Stock Medicine

[Jack Haddad]

Nem

Bought 5 blocks of NEM at 46.31, and wrote 500 Nov 45.00 calls at 2.05/contract. Company reported revenues this morning that surpassed expectations by 70 million

[Websman]

I'll take a look at MRVL...

Thanks for the tip Jack! The chart looks good.

[Websman]

I liked MRVL so much, I went ahead and bought it @18.48. Looked like a good entry...we shall soon see.

My entry sucked! Sssssssssssssjeeeeejejeeeeeeee

[Jack Haddad]

Amd

Bought 6 blocks of AMD at 20.72, and wrote 600 Nov 20.00 for 1.25/contract. Still an excellent intrinisic value remaining till Nov expiration

[Jack Haddad]

Intc

bought 8 blocks of intc at 20.61 to 21.63, and wrote 800 Nov 20 calls at .75/contract. This is good pullback from a recent high of 22.00

[New-born baby]

bought 8 blocks of intc at 20.61 to 21.63, and wrote 800 Nov 20 calls at .75/contract. This is good pullback from a recent high of 22.00

Jack,
If I read your post correctly, you have a max. possible gain of just twelve cents (and then, subtract commisions). Is this correct?

[Jack Haddad]

Slb

Bought 1 block of SLB at 62.30 and wrote 100 Nov 62.50 calls at 1.75/contract

sold 1 block of SLB at 62.47, and covered the Nov 62.50 calls at 1.70/contract for a net profit of 22 cents/share times 10,000 shares.

[Jack Haddad]

Intc

Jack,
If I read your post correctly, you have a max. possible gain of just twelve cents (and then, subtract commisions). Is this correct?

Correct. I'm hoping to get called away. But, i fit dips below 20 by expiration, then I'll cover the calls and retain the shares in an incremental fashion as I see fit.

[New-born baby]

sold 1 block of SLB at 62.47, and covered the Nov 62.50 calls at 1.70/contract for a net profit of 22 cents/share times 10,000 shares.

I've been watching SLB since I own a little (very little compared to your 1 block). I noted the huge resistance at $62.47, and now I know why: you were selling into strength. Looks like you sapped all the strength out of it for today, too.

[Jack Haddad]

Mrvl

Bought 5 blocks at 18.41, and wrote 500 Nov 18.75 for .75/contract

[Jack Haddad]

Slb

I've been watching SLB since I own a little (very little compared to your 1 block). I noted the huge resistance at $62.47, and now I know why: you were selling into strength. Looks like you sapped all the strength out of it for today, too.

10,000 shares relative to the daily average volume does not cause the stock to fetch in technicality. However, I may have influenced other bidders to follow.

[Tatnic]

Jack,
If I read your post correctly, you have a max. possible gain of just twelve cents (and then, subtract commisions). Is this correct?

12 cents times 80,000 ain't nothing and seems to be in line with his other gains dollar-wise...and if I recall correctly he's trading for GS or MS so commissions aren't in the equation, right Jack?

[Tatnic]

Thank God for the internet

...because if we had to read Jack's handwritten notes we'd be doomed.

Question for you Jack...how do you choose which stocks to trade? Does someone else id stocks that would be suitable and let you have at them?

[New-born baby]

10,000 shares relative to the daily average volume does not cause the stock to fetch in technicality. However, I may have influenced other bidders to follow.

I think high for the day was $62.50, or at least while you were selling, so you very nearly nailed the top.

[Jack Haddad]

12 cents times 80,000 ain't nothing and seems to be in line with his other gains dollar-wise...and if I recall correctly he's trading for GS or MS so commissions aren't in the equation, right Jack?

Precisely right.