Based on the tip from downtrader’s blog, I decided to play “bullish” direction on Target (TGT). There were two choices; either I could have gone long by buying straight call or via spreads. I chose later and opened a credit spread (Feb 60/57.5 bull put spread for $0.50/$2.00 per spread. I sold it for $0.25 [...]

Credit spreads- Love it or hate it!
Congratulations to all those who witnessed HOLX’s conference call and saw the huge jump in the stock price as the call was going on. Since it was in my list, but I didn’t play earning, I decided to participate as soon as the volume picked up. As I don’t [...]

Here is an update on closure of my credit spread for PCP which I mentioned here. I opened that trade for a credit $1.25 and with Margin $3.75. The logic for the trade was, directional as it was breaking out of the resistance zone.  I bought back the spread for $0.40 (rationale was that risk/reward was not [...]