OptionPundit

Category: Intraday Trading

  • JDSU is down over 10%

    So here it goes, the JDSU is down by 10% in the pre-market. I mentioned about JDSU yesterday (click here) and highlighted that there was huge transaction volume in May 17 calls and anticipated that it might be annoucing something positive after market closes.

    I was onboard, and solely based on Unusal options, I bot May 17 calls for $0.60. Now, it is literally going to be worthless when market opens. Speculative! Here comes coulda, woulda, shoulda. If only I would have sold before market, my gains were 16% in one day!! (It closed at $0.70) but since greed overcame and there was not detailed analysis suporting the move, it is going to be loser. But guess what, my trade management rule saved as I had invested only less than 1% of portfolio in this, so the loss is less than 1% of overall portfolio.

    Profitable trading, OptionPundit

  • JDSU Unusual

    jdsu-may-17-calls.pngAs I mentioned earlier via e-mail alert to registered users, JDSU May 17 calls are quite active today. App 4000 calls have been traded vs 4548 OI. This is not a recommendation to buy or sell, just an observation that I thought might be worth sharing. Also attached is the chart, check out, the volume traded today is also the highest in last 3months. JDSU is going to announce earnings tonight after market close.

  • Quick 33% gain on GLW

    GLWI mentioned about GLW and MRVL here, decided to pick GLW and was rewarded with 33% profits. Here are the trade details.

    Profitable trading, OptionPundit

     

  • Watch out for AAPL

    AAPL is shooting past the key psychological barrier $100 mark. The volume seems to be strong as well…check out your intraday set-ups if this is one you want to play.

    Profitable trading,OptionPundit

  • Could ESRX be the next?

     

    ESRX is another intraday play I am looking at. It has pretty strong support at $95 and it just dropped to that range. esrx-april-27-chart.png

    I might get into this with a very tight stop loss order that is based on stock condition in stead of a percentage loss of option premium.

    Here is the intraday chart and it’s interesting how it is fighting to keep that level. Rationale of being bullish, it just announced great earning a few days back, upped outlook and gapped up on strong volumes.

    Bullish trade idea could be via bull put spread or long calls or calendars at $100 amongst many ways,

    Profitable trading, OptionPundit

  • Quick 37% gain on WFR

    screenhunter_14.jpgI mentioned about pre-market loser plays as the broader market is bearish (at least from open till now) and I also mentioned about my bias for MDCO, AVID and WFR. My intra-day trading set-up was most suited for WFR so I decided to enter. As soon as it hit my profit target, I am out. A quick 37% gain (after commissions) in less than 30mins of trading..(though I expect it to fall further by another buck…but no coulda, woulda, shoulda).screenhunter_15.jpg

    Here is the intraday chart and also the transaction details.

          

    Profitable trading, OptionPundit