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Credit Spreads

Pull-up your SOX

February 23, 2007

For the OP readers who are watching semiconductor index $SOX, one of the few bright spots in today’s market, $SOX is struggling to cross $490 area. It briefly penetrated $490 but still trading below that. Once $490 is crossed comfortably, it will serve as support area and I may open…

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February 23, 2007

Congrats googlers, bull put credit spreads

February 22, 2007

I don’t go too much into the technical analysis except the very obvious ones like support, resistance and fibs. Recall just before the Feb expiration I talked about Google finding support at around 460 area (at the time of writing it was 456), see to to believe yourself here since…

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February 22, 2007

Credit Spread TGT : Profit 12.5%

February 6, 2007

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….

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February 6, 2007

Credit Spread HOLX : Profit 17.24%

January 31, 2007

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…

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January 31, 2007

Credit Spread PCP : Profit 22.67%

January 30, 2007

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…

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January 30, 2007

Phelps Dodge BCS Nov 06

November 2, 2006

Phelps Dodge. After roughly 6th attempt to cross 52wks high $102-103, PD slipped back. Based on my opinion it is forming a double repo. If true, the imminent fall is there. Just to recap, few days back PD had announced earnings as well where it had missed the expectation. The…

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November 2, 2006

Nov CMI BCS/6.4% Profit

November 1, 2006

As mentioned y’day, CMI dipped to as low as $124.1 today (till 10:50am US EST). I didn’t get a fill to buyback at $0.70/contract, so decided to bid a bit higher at purchased at $0.85/contract. That results in $0.25/$3.90 in 1 night holding period i.e. 6.4% profit.

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November 1, 2006
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