Added SKF at $136.50. Glad I could add at such a level.
Perhaps a 1pt+ rate cut is being factored in to the general markets. This rally should be short lived and stocks should drop hard later today as we had expected. POG should climb again later as well?
Booked my SKF calls @ 38% profit. If I'd held on a bit, I could have gotten 45% and I wouldn't doubt what we don't see it run a bit more this afternoon. Hard to complain about a 38% profit though. Still have my citi puts that are currently up 91%. I may let them run a bit this afternoon.
If I remember correctly Goldfinger, you purchased out of the money $120 calls back when SKF was around $110. Your profits should be a couple hundred percent by now on those, or did you book profits earlier?
What options gave you this 38% profit and in what time frame did this occur?
Oh no Peter, I booked those long ago. THese were July $130 calls, that I had bought on 3/11 for $23.50 ($2350 per contract). I sold them for $32.50, almost 39% actually. Of course now the current bid is $34.00, but oh well. Typically I don't like to hold more than 2 or 3 days. I bought a little high though last week and it took until this morning to achieve the profit level I though I could conservatively get.
7 comments:
Sold mine too Joe. 27.13$. Bought at 28.50$. Too much blood in the water for me.
Joe,
Why no miners?
Seems like today is the day to buy them. Tomorrow should be good for gold and stocks.
John
Added SKF at $136.50. Glad I could add at such a level.
Perhaps a 1pt+ rate cut is being factored in to the general markets. This rally should be short lived and stocks should drop hard later today as we had expected. POG should climb again later as well?
What will this afternoon look like Joe?
Booked my SKF calls @ 38% profit. If I'd held on a bit, I could have gotten 45% and I wouldn't doubt what we don't see it run a bit more this afternoon. Hard to complain about a 38% profit though. Still have my citi puts that are currently up 91%. I may let them run a bit this afternoon.
Goldfinger...I have to start buying options!! Good on you though. Those are some nice grabs.
I just bought FCX at 94.19$
If I remember correctly Goldfinger, you purchased out of the money $120 calls back when SKF was around $110. Your profits should be a couple hundred percent by now on those, or did you book profits earlier?
What options gave you this 38% profit and in what time frame did this occur?
I must congratulate you, these are great trades.
Oh no Peter, I booked those long ago. THese were July $130 calls, that I had bought on 3/11 for $23.50 ($2350 per contract). I sold them for $32.50, almost 39% actually. Of course now the current bid is $34.00, but oh well. Typically I don't like to hold more than 2 or 3 days. I bought a little high though last week and it took until this morning to achieve the profit level I though I could conservatively get.
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