Comments on: BAC IV Speculative trade

By: OptionPundit | BAC Trade closed (Profit +20%)

OptionPundit | BAC Trade closed (Profit +20%) — Fri, 07 Sep 2007 14:55:35 +0000

[...] update those who have been following BAC income trade, I closed it today as I don’t want to give “kool” profits back to Mr Market. For [...]

By: OptionPundit

OptionPundit — Fri, 07 Sep 2007 14:39:52 +0000

Closed the trade. No emotions, it resulted in pretty good profits and I don’t want to give that back to Mr Market.

Sold Sept/Nov 50 put calendar for $1.05/trade.

Net - Cost : $1.00/trade, Sold : $1.05+$.15=$1.20
Profit : $0.20/$1.00 = 20% (excluding commissions).

My commission are very low and hence I generally don’t count that.

By: OptionPundit | U.S. payrolls contract by 4,000 in August

OptionPundit | U.S. payrolls contract by 4,000 in August — Fri, 07 Sep 2007 13:41:51 +0000

[...] $100 credit and $200 price reduction, it’s messy). Looking forward to reap benefits today. Check out my update on BAC, the trade is up +25%. And FXI bearish play is also about to give some dividends in the market fall today. With the fall [...]

By: OptionPundit

OptionPundit — Fri, 07 Sep 2007 10:15:08 +0000

I sold my Sept/Nov 55 put calendarf for $0.15/trade vs cost price $0.20. Net, it was sold at a $0.05/trade loss. As of Y'day closing the remaining leg i.e. Sept/Nov 50 Put Calendar is selling for $1.10 vs cost of $.80/trade.

Net the trade is up $1.10+$0.15=$1.25 vs $1.00 cost i.e. 25% profit !!

By: OptionPundit | US stocks are heading for lower open

OptionPundit | US stocks are heading for lower open — Wed, 05 Sep 2007 13:25:16 +0000

[...] shared a BAC trade about 2 wks back, the trade has resulted in beautiful returns. As of y’day close, the trade [...]