Sell to close your Juniper (JNPR) July 39 put option at the market. Also sell to close the Applied Materials (AMAT) July 17 call option, at the market. Read More
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Sell to close the Qualcomm (QCOM) July 57.50 call option at the market. Read More
Buy to open the Barrick Gold July 50 call option. Use a limit order to pay no more than $3.10 per contract. Read More
On any given day, Wall Street trades as much on rumors as it does news. The big rumor swirling around lower Manhattan late last week was that China was about to revalue its currency by 10 percent in a one-off move that would help rein in inflation. This hasn’t happened – yet at least – but it caused the value of commodities priced in dollars to rise. Read More
We sold the Junior Gold Miners ETF August 40 call option for a 21 percent gain last Wednesday. The timing couldn’t have been better as it coincided with a short-term top in the smaller miners. Offsetting that gain, however, was the loss of a similar magnitude we took in the Textron (TXT) June 26 put option. This was a case of nailing the stock’s direction, only to lose out to eroding time value. That same day we added two new positions, the Nabors (NBR) September 31 call option, which is still a buy up to $3.50, and the Sandisk July 48 call option, which we closed yesterday with a 31 percent gain. We followed those positions by exiting the Starwood Hotels (HOT) May 57.50 put option at a tough 61 percent loss the next day while adding the Qualcomm (QCOM) July 57.50 call option, which is still a buy up to $2.40. This morning we bailed out of Coach May 50 put option salvaging a small bit of our investment. In its place, we added the Juniper Networks (JNPR) July 39 put option. It’s a buy with a limit set at $2.30. Bonds have gotten a bit of a lift in the past week and are not bumping up against overhead resistance. Most likely they’ll stop here and back down, but were watching closely and will exit our iShares Barclays 20+ Year Treasury Bond ETF (TLT) January 2012 95 put option if need be. Read More
Sell to close your Coach May 50 put option at the market. Buy to open the Juniper (JNPR) July 39 put option. Use a limit order to pay no more than $2.30 per contract. Read More
Sell to close the Sandisk (SNDK) July 48 call option at the market. Read More