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Alerts#267: Mon 7/26/2010 Last week DO and SLB saw earnings announcements that were less than stellar and the stocks sold off. This will be the trend this quarter for drilling names and as such we will establish a put spread in... ~more~ #266: Wed 7/21/2010 Hedge for GEA, Not GEO ~more~ #264: Wed 7/7/2010 The spread is now worth $2.40. Sell the August $96 calls and buy back the August $100 calls. The $96 calls are worth $8.40 and the $100 calls are at $6.00. The spread is worth $2.40 so the gain is $0.40 or 20%. ~more~ #263: Tue 7/6/2010 We like the action in this energy ETF and will buy a call spread in ... ~more~ #262: Fri 6/18/2010 In May we bought Exxon $62.50 calls for $2.82. The calls are in the money as Exxon is trading at $62.91 and the call are worth $0.47 cents. So sell the June Exxon $62.50 calls (XOM10061800062500) and buy ... ~more~ #261: Thu 6/10/2010 We bought the Oil Service HOLDR (OIH) June $94.10 Calls for $4.25 last Thursday. We will close them out for $5.20 a gain of $0.95 or 22.35%. ~more~ #260: Thu 6/3/2010 To avoid stock event risk with the BP debable or as we call it the Beyond Pollution debacle we will use ETFs to play the short or long side ... ~more~ #259: Wed 6/2/2010 We bought the United State Oil ETF(USO) July 31 Calls for $2.39 on May 25th. A week later the easy money is in. The calls are now at $3.55. The gain is $1.16 or 50%. Sell your calls to lock in gains. ~more~ #258: Tue 6/1/2010 On May 21st, we bought the MSCI Brazil iShare (EWZ) June $60 calls (EWZ100619C00060000) for $3.55. Today they are at $4.90 in value. We will lock in a gain of $1.35 or 38%. ~more~ #257: Tue 5/25/2010 The selloff of energy names is tooo severe. Therefore, we will buy calls in ... ~more~ #256: Fri 5/21/2010 In the energy space, this country ETF is king and it has been demoted to rook status. Therefore, we will buy calls in it and hope for a return to king status. ~more~ #255: Mon 5/17/2010 We established a put position in Silver Trust iShares (SLV) last week. We bought the June 20 Put in SLV (SLV100619P00020000) for $1.31. The puts are now worth $1.78. ~more~ #254: Thu 5/13/2010 The move in this commodity is too much too soon. Therefore, we will initiate a put position in ... ~more~ #253: Fri 5/7/2010 Yesterday morning we bought calls in the Streettracks Gold Shares (GLD). We bought the May $116 Calls (GLD100522C00116000) for $1.79. The 6 day RSI is a 83 which means it is overbought. Currently, they are trading at $3.60 and our gain is $1.81 or 101%. ~more~ #252: Thu 5/6/2010 Crazy markets did not reflect the price of our recommendation. ~more~ #251: Thu 5/6/2010 We will buy calls in ... ~more~ #250: Thu 5/6/2010 We think that gold can break above $1200 as it is only $15 away. Therefore, we will buy ... ~more~ #249: Wed 5/5/2010 Back on April 19th we established a put spread on the Diamonds Trust (DIA). It is now approaching oversold status. We wil llock in a gain of 37%. ~more~ #250: Mon 4/19/2010 We will establish a bearish put spread in this Major Index ETF as we believe this pullback will morph into the selling we saw in June/July, October/November and January/February. Buy the ... ~more~ #249: Wed 4/14/2010 This morning fertlizer stocks are down on sellside comments so we will take the opportunity to establish a call spread in ... ~more~ #248: Mon 4/12/2010 Last year we established a small stock portfolio. There is one buy in it currently Star Bulk Carriers (SBLK). This morning we are going to add ... ~more~ #247: Tue 4/6/2010 Soon we are going to find out that production is not what everyone thought it was. There is more to this story but for now we need to play this evolving story with the establishment of a call spread in ~more~ #246: Thu 4/1/2010 This has been an ulcer causing trade and now we are back to close to even. The April $125 Call is at $2.52 and the April $130 Call is at $0.55. Therefore the spread is now worth $1.97. Our loss is $.03 or -1.5%. ~more~ #245: Wed 3/31/2010 The April 108 Call is now worth $2.29 and the April 110 Call is at $1.19. The spread is now worth $1.10 so our gain is $0.27 or 32.50%. Sell the April 108 Call and buy the April 110 Call back. ~more~ #244: Tue 3/23/2010 We will buy a call spread in ... ~more~ #243: Thu 3/18/2010 We like this energy ETF and will be a call spread in ... ~more~ #242: Tue 3/9/2010 We have a gain of $2.49 on the stock and the March $43 put is worth $0.30. The gain on the sale of this option is $1.39. Our combined gain is $3.88 against a loss of $1.20 for a profit of $2.68 on a cost of $42.63 or 6.29%. ~more~ #241: Mon 3/8/2010 This morning the OIH is at $127.23 so we will sell the stock we bought at $124.44 for a gain of $2.79. The March $125 put is now worth $1.49 so we will buy back the put and lock in a gain of $2.26. Coupled with the gain in the stock price our gain is $5.05 or 4.05%. However, we have a loss on our original call of $3.10. Therefore, our profit moves to $1.95. The final gain is $1.95 or 1.56%. ~more~ #240: Fri 3/5/2010 Tuesday we bought March $43 Calls(NUE100320C00043000) in Nucor (NUE) for $1.30. The calls are now at $1.91. We will lock in our gain of $0.61 or 47%. ~more~ #239: Tue 3/2/2010 We will buy March calls in ... ~more~ #238: Tue 3/2/2010 At lunch time in New York, the March $109 call is at $3.00 and the March $112 call is at $1.42. The value of the spread is $1.58 for a gain of $0.34 or 27%. ~more~ #237: Mon 3/1/2010 We will establish a call spread in ... ~more~ #236: Mon 2/22/2010 The stock is now at $85.72 and the call is worth $3.30. The gain is $0.60 or 22%. ~more~ #235: Thu 2/18/2010 Buy the March .. ~more~ #234: Tue 2/16/2010 The stock is on fire and we will lock in our gains on the March calls as they are trading at $1.45 for a gain of $0.40 or 39%. ~more~ #233: Thu 2/11/2010 The March $45 Calls (FBJ100320C00045000) is now at $4.20 and the March $50 Calls (FBJ100320C00050000) at $1.93. The spread is worth $2.27 and the gain is $0.45 or 25%. ~more~ #232: Mon 2/8/2010 Steel stocks have been hammered. Time to go fishing... ~more~ #231: Fri 2/5/2010 On January 14th, we exercised the put and went short the stock. The stock was shorted at today's $21.50 and sold the February 20 calls (WMBBD) for $2.00. Our loss on the initial put was $1.20. On the short we have made $1.86 and the short on the call has gained $1.40 as the call is at $0.60. The gain on the short stock and call total $3.46 less a loss of $1.20 our gain is $2.26 off the exercised price of $21.50 or 10.50%. ~more~ #230: Thu 2/4/2010 We will buy calls in... ~more~ #229: Wed 2/3/2010 Monday we bought calls in Newmont Mining (NEM). The Newmont Mining Feburary $45 Calls were bought for $1.70. They are at $2.01 so we will lock in a gain of $0.31 or 18%. ~more~ #228: Mon 2/1/2010 We will inititate February Calls in ... ~more~ #227: Mon 2/1/2010 We are locking in gains on calls we bought last week on Freeport McMoran (FCX). The February $70 Calls (FHZBN) were bought for $2.85 last Thursday and will be sold here for $3.60. Our gain is $0.75 or 26%. ~more~ #226: Thu 1/28/2010 We will buy February Calls in ... ~more~ #225: Mon 1/25/2010 The selloff last week presents an opportunity for the bounce trade in energy... ~more~ #224: Fri 1/22/2010 A February put spread will be closed out today. Sell February $47 Puts (BIJNE) for $2.90 and buy the February $44 Puts (BIJNA) for $1.40. The cost of the spread was $1.40 and the spread is now worth $1.50 for a gain of $0.10 or 7%. ~more~ #223: Thu 1/21/2010 Currently, the February $130 Puts (OIHNF) are at $5.75 and the February 7$125 Puts (OIHNE) for $3.35. The value of the spread is now $2.40 and the gain is $0.25 or 12%. ~more~ #222: Thu 1/14/2010 We are going to bet positive on Latin American energy with a call spread on ... ~more~ #221: Mon 1/11/2010 We are buying a February put spread in in this drilling and completion company... ~more~ #220: Fri 1/8/2010 We are long Dupont Stock and short the January $35 call. With a rise in the stock price and a drop in the option we will lock in a gain of %. ~more~ #219: Wed 1/6/2010 We are buying a February put spread in this Energy ETF as the ramp up the last few days has gotten a bit too frithy for our liking. ~more~ #218: Wed 1/6/2010 Yesterday we bought Feb $40 Calls on Ensco International (ESV). Today we will close the trade for a gain of 17%. ~more~ #217: Tue 1/5/2010 We will lock in a small gain of 4.78%. For an explanation of the trade, please see the full description... ~more~ #216: Tue 1/5/2010 The Oil & Gas Drilling space has seen many stocks do well this fall into early winter. Several have peaked our interest and we will nibble on this company as we establish a call position in ... ~more~ #215: Mon 12/21/2009 The spread is now worth $2.75 for a gain of $0.65 or 31%. The January $110 Puts are worth $4.55 and the January $105 Puts $1.80. Sell the January $110 Puts and buy back the January $105 Puts. ~more~ #214: Thu 12/17/2009 With the U.S. Dollar strong it makes sense to establish a bearish material bet in ... ~more~ #213: Wed 12/16/2009 We recommended buying December $12.50 Calls in Ivanhoe back on September 29th. The cost of the calls was $1.90 with a break even on expiration day of $14.40. The stock is currently at $14.57 with the call at $1.95 on the bid side by $2.20 on the offer. We will take our $0.05 gain or 2.6% and move on to the next trade. ~more~ #212: Mon 12/14/2009 We had exercised calls and bought XTO stock and sold puts. Today the stock is being bought by Exxon (XOM) for a nice premium. Read the instructions carefully as we will sell the stock and not buy back the puts. The gain is 15%. ~more~ #211: Tue 12/8/2009 As gold falls toward $1100 the December $108 Puts are worth $2.48 and the loss on the loss on the puts we are long is $1.22. Therefore we combine the early puts covered with the puts we are selling the spread is worth $1.75. The profit on the spread $0.15 or 9.4%. ~more~ #210: Tue 12/8/2009 We bought the December $85 Puts (RIGXZ) in Transocean LTD (RIG) for $4.30 on November 27th. We expected a move back down to $83 within a day or two (last Monday or Tuesday). It took a week longer and now we have lost some of the premium. Our gain is 3.5%. ~more~ #209: Fri 12/4/2009 Cover out the $108 Put on GLD but remain with the $111 Put. ~more~ #208: Mon 11/30/2009 We will buy puts in this producer of natural gas as it appears to be moving lower. Thereofore, buy the ... ~more~ #207: Fri 11/27/2009 When the dollar rallies, energy names get hit. End of story. Therefore, we will buy puts in... ~more~ #206: Fri 11/27/2009 On Tuesday we bought the December $85 puts (PXXQ) for a move down towards $80. The cost of the put was $3.40 and now it is $4.50. Therefore, we will lock in a gain of $1.10 or 32%. ~more~ #205: Wed 11/25/2009 This large cap chemical name that derives a majority of its sales internationally will get the benefit of a falling dollar. Buy calls in ... ~more~ #204: Tue 11/24/2009 We were looking to buy puts on PWB but they were not liquid enough so we went to the constituents and found a name ready to crack... ~more~ #203: Mon 11/16/2009 We established a call spread in U.S. Steel (X) on October 26th. The stock had sold off from $50 to near $40 which was support. Then it fell further. We bought the November $40 Calls (FBJSBJ) at $2.40 and sold the November $44 (FBJKV) for $0.80. The cost of the spread was $1.60. The value of the spread is now $1.75. Sell the second half of the spread that is still on. ~more~ #202: Wed 11/11/2009 What goes up must come down. Gold is overdone to the upside and we will establish a put spread in ... ~more~ #201: Mon 11/9/2009 Recently this exploration name has pulled back and is now starting to move back towards its October highs therefore we will buy calls in ... ~more~ #200: Mon 11/9/2009 Last Tuesday we established a call spread in the OIH. We will take our profits and lock in a 20% gain by... ~more~ #199: Tue 11/3/2009 We will buy November calls in ... ~more~ #198: Wed 10/28/2009 We established a call spread in U.S. Steel and the stock has fallen further than we thought therefore we will... ~more~ #197: Wed 10/28/2009 On October 15th, we noted that ,"Gold looks like it is ready to pullback towards the $1000 level. A test is in order. Therefore, we will establish a bearish put spread in the Streettracks Gold Shares (GLD). " The spread will be closed for $1.65 with $0.30 gain or 22%. ~more~ #196: Mon 10/26/2009 We will buy a call spread in ... ~more~ #195: Tue 10/20/2009 This stock looks to be breaking out of a year long base... ~more~ #194: Thu 10/15/2009 We will establish a bearish put spread in the gold space. Buy the November... ~more~ #193: Wed 10/14/2009 The rumors on the solar stocks are jsut that rumors. As a result, we will buy a call spread in ... ~more~ #192: Thu 10/8/2009 The stock has rocketed to above $100. The safe thing to do is close this trade with a nice gain and not let the $100 calls appreciate more in value even though we have only seven days to expiration. The gain is $1.00 or 21%. ~more~ #191: Tue 10/6/2009 The November $65 (XOMKM) calls are now at $4.50 and the November $70 Calls (XOMKN) are trading $1.50. The spread is therefore worth $3.00 with a gain of $0.35 or 13%%. ~more~ #190: Tue 10/6/2009 Sell the November $98 Calls (GLDKT). The current price is $5.20. The gain is $2.10 or 68%. ~more~ #189: Mon 10/5/2009 We like how stocks are acting and will buy a call spread in this integrated oil company.. ~more~ #188: Fri 10/2/2009 $1000 has become the floor again and we will buy... ~more~ #187: Wed 9/30/2009 We are establishing a calendar call spread in ... ~more~ #186: Tue 9/29/2009 The call action intrigued as and we will be a buyer of calls today in... ~more~ #185: Mon 9/28/2009 We will close our October 96 Calls for a gain of 42.50% as they were purcahsed for $2.00 and are now at $2.85. ~more~ #184: Thu 9/17/2009 Therefore, we will buy the ... ~more~ #183: Tue 9/8/2009 We are locking in our calendar call spread in Streettracks Gold Shares (ETF). The spread will now be worth $2.70. The original value of the spread was $1.90. the gain is $0.80 or 42%. ~more~ #182: Wed 9/2/2009 The $22.50 September Puts (HKUX) are now worth $1.90 and the $20 September Puts (HKUD) are at $0.55. The spread is now worth $1.45 and the gain is $0.30 or 26%. ~more~ #181: Wed 9/2/2009 Time to establish a put spread in this Canadian energy name... ~more~ #180: Thu 8/27/2009 We are establishing a calendar call spread in this materials ETF ~more~ #179: Wed 8/26/2009 With natural gas struggling this trade make a ton of sense so we will buy the September... ~more~ #178: Mon 8/24/2009 Last week calls were purchased on Chevron (CVX). The gain is $0.80 or 57%. Sell these calls as Chevron is moving to being overbought. ~more~ #177: Thu 8/20/2009 After selling off hard, this name looks ready to motor to the upside so we will buy calls in... ~more~ #176: Tue 8/11/2009 We bought the Exxon (XOM) August $70 puts (XOMTN) for $1.66. They are now worth $2.05. Sell the August $70 puts. The gain is $0.39 or 23%. ~more~ #175: Mon 8/10/2009 The stock is now at $43.57. The gain in the stock is $2.97. Sell the stock. Also, cover the August $40 calls for $4.30. The loss on this is $2.35. Our overall gain is $0.62 or 1.52%. ~more~ #174: Wed 8/5/2009 Back on June 29th we noted that gold could break out above $950. Well it has done that and some. Since we believed in a move to the upside for gold we established a call spread. Lock in a 31% gain. ~more~ #173: Fri 7/31/2009 There is more downside ahead for these guys as the economy struggles. Buy the August puts in... ~more~ #172: Mon 7/27/2009 Back on May 19th, we bought the June $25 Calls (HOCFE) in Holly Corp for $1.50. The stock fell to $19.05 and we labeled the price CRAZY cheap. The June $25 call were to expire worthless so we bought the stock and have a cost basis of $20.55.($19.05 + $1.50 =$20.55). The stock is now at $21.64 so we will sell the stock and complete the repair. The gain on this trade was $1.09 or 5.30%. ~more~ #171: Fri 7/24/2009 Back on May 15th we repaired our May Call Position in Southern Compnay by buying the stock. Our cost with the May option was $30.10. See our Update #47 for review. Today the stock is at $32.52. Our gain is now $2.42 or 8.04%. Sell SO stock to complete the trade. ~more~ #170: Wed 7/22/2009 Sell the August $12.50 Calls (BJSHV) for a gain of $0.65 or 42%. ~more~ #169: Fri 7/17/2009 We will exercise our July $37 calls in U.S. Steel (X) and buy the stock. Also, initiate a buy write. Our cost on U.S. Steel becomes $40.60. Sell the August $40 calls ... ~more~ #168: Tue 7/14/2009 With a greater than expected jump in PPI, time to sell our calls in OIH for a gain of $1.55 or 24% ~more~ #167: Fri 7/10/2009 This solar stock cannot get out of its own shadow therefore we will establish a bear call spread. This is an extremely aggressive trade as we will use a July expiration. ~more~ #166: Thu 7/9/2009 All we do is options. Mostly. The opportunity is too great not to do a micro capital stock portfolio in the energy space after the beat down suffered in the past year. This will be a simple portfolio. Five stocks. Any loss of 15% will be closed the next day. Raise stops as gain occur. Earnings estimates have to be rising year over year AND the Bluehawk target price needs to be above the current price. ~more~ #165: Thu 7/9/2009 The Oil Service HOLDR (OIH) is now above its 50% retracement level from the March low to the June high and .. ~more~ #164: Thu 7/2/2009 This morning one of the names in the oilfield equipment space received an upgrade in its rating at JP Morgan and as a result we will buy the ... ~more~ #163: Mon 6/29/2009 We will buy a call spread in this gold ... ~more~ #162: Fri 6/26/2009 The TLT is now at $94.66. We will sell the TLT and take our gain of $2.13 or 2.30%. ~more~ #161: Thu 6/25/2009 The calls are now trading at $3.45 and we will lock in our gains at $0.35 or 11%. ~more~ #160: Mon 6/22/2009 Buy calls in this ETF as the selloff will see a rebound sooner than later... ~more~ #159: Mon 6/22/2009 Last week a put spread was established on Diamond Offshore (DO) for $2.30 and the spread is now worth $3.40 for a gain of $1.10 or 48%. ~more~ #158: Fri 6/19/2009 The steel stocks have been in defined trends recently. The recent pullback looks played out and we will buy calls in ... ~more~ #157: Mon 6/15/2009 As stocks start to crumble, energy names will get hit and we will buy a put spread in ... ~more~ #156: Fri 5/29/2009 We will buy a call spread in ... ~more~ #155: Fri 5/29/2009 The coal stocks are getting jiggy here and we will play the calls in ... ~more~ #154: Wed 5/27/2009 We paid for $2.65 for the calls and they are now worth $4.30 for a gain of $1.65 or 62%. ~more~ #153: Tue 5/26/2009 Locking a gain of 47% on the June 30 calls in Suncor (SU). ~more~ #152: Tue 5/19/2009 The entire energy and materials space is coming to life so we will be more active here as we move forward and may be using calls more than call spreads more on this tonight but for now buy the ... ~more~ #151: Tue 5/19/2009 The fertilizer stocks were perking up last week and we bought calls in Intrepid Potash (IPI) specifically the June (IPIFO) $27 Calls for $3.30. Sell the June $27 Calls (IPIFO) here for $5.60 a gain of $2.30 or 69%. ~more~ #150: Mon 5/18/2009 If the economy begins to rebound, then steel go really move here and we will buy calls in ... ~more~ #149: Thu 5/14/2009 The fertilizer stocks are perking up here and we will buy calls in... ~more~ #148: Tue 5/12/2009 We will buy June calls in ... ~more~ #147: Thu 5/7/2009 Currently, Exxon call spread is at $68.72 and the spread is now worth $3.15 for a gain of $0.65 or 26%. ~more~ #146: Tue 4/28/2009 Buy a May call spread in ... ~more~ #145: Tue 4/21/2009 Energy looks ripe to short on today's bounce especially in the natural gas arena... ~more~ #144: Wed 4/8/2009 The market looks a little heavy heading into the weekend therefore we will establish a put spread on ... ~more~ #143: Wed 4/8/2009 Two of our spread trades are out of the money and the leg we sold is now sharply in value so we will take these gains now and hope that the call left open sees its ETF moves higher while the open put sees its ETF move lower. There are seven days until expiration. ~more~ #142: Mon 4/6/2009 Silver is struggling and more downside looks to be ahead so ... ~more~ #141: Wed 4/1/2009 Drilling stocks are lagging and such we will establish a put spread on the... ~more~ #140: Tue 3/31/2009 This is not an advertisement... Our service is amazing but we need your help to get the get the word out. We'll make it worth your while with this unique special offer. It's 100% FREE! ~more~ #139: Mon 3/30/2009 We will buy the April $15 calls in the ... ~more~ #138: Tue 3/24/2009 Today's pullback has created an oportunity to establish a call spread in the ... ~more~ #137: Thu 3/19/2009 We bought the Streettracks GoldShare (GLD) March $91 Calls (GLDCM) for $2.90 and will sell them for $3.20 for a gain of $0.30 or 10%. ~more~ #136: Tue 3/17/2009 We will close our call spread in Diamond Offshore Drilling (DO)for a gain of 53%. ~more~ #135: Wed 3/11/2009 A bullish bet was made on Freeport McMoran (FCX) as the December 25 Call (FCXLE) was bought for $4.60 and sold the December 30 Call (FCXLF) for $2.10 for a total cost of $2.50. On 12/16 we covered the December 30 Call for $0.05. This gave a profit of $2.05 on the December 30 Call. We then exercised the call and we bought the shares for $25 with a cost basis of $27.55 ($25 +2.55).January $22.50 calls were sold for (FCXAX) for $4.70. The call closed at $1.90 on expiration day. The profit was $2.80. This brought the position to a cost of $24.75 ($27.55-2.80). We are now selling the stock for a gain of 43%. ~more~ #134: Wed 3/11/2009 On February 24th we bought a call spread in the infrastructure company Joy Global (JOYG) and have now been rewarded. Close the call spread with a gain of 65%. ~more~ #133: Thu 3/5/2009 With the recent weakness in gold, we have been waiting for a chance to establish a bullish bet and now we will buy ... ~more~ #132: Wed 3/4/2009 On February 9th, we put on a call spread in Exxon (XOM). Obvioulsy, the trade has not worked but there are 13 days to expiration and alot can happen in that time. Therefore, we are going to cover the ... ~more~ #131: Tue 3/3/2009 Buy an April call spread in ... ~more~ #130: Tue 2/24/2009 We will establish a call spread in ... ~more~ #129: Wed 2/18/2009 With you utility stocks down, we are going to buy this southern utility company for ... ~more~ #128: Wed 2/11/2009 The call spread in GLD we established on February 2nd is being closed for a gain of 70% ~more~ #127: Mon 2/9/2009 Time to establish a long in this energy play... ~more~ #126: Thu 2/5/2009 We paid $1.40 for the spread and close it with a value of $1.69 for a gain of $0.29 or 21%. ~more~ #125: Mon 2/2/2009 Today's pullback has created an oportunity to establish a ... ~more~ #124: Mon 1/26/2009 With the OIH above $80, it is time to lock in our gains on the OIH call spread. The instructions are... ~more~ #123: Fri 1/23/2009 Energy stocks are moving higher today and we will establish a call spread in... ~more~ #122: Fri 1/23/2009 Yesterday we established this put spread and today the stock is collapsing down $1.44. Time to take the money and run. ~more~ #121: Thu 1/22/2009 We are establishing a put spread in ... ~more~ #120: Mon 1/12/2009 Time to establish a February Call Spread in ... ~more~ #119: Mon 1/12/2009 Friday we put on a put spread in the Energy Select SPDR Trust (XLE) for a cost of $2.00. We are closing this trade for a gain of 26%. ~more~ #118: Fri 1/9/2009 This ETF in the energy patch is a no brainer as it is at the upper end of its range... ~more~ #117: Thu 1/8/2009 The Spread is now worth $2.51 for a gain of $0.40 or 20%. Lock in your gains by selling OIHMY and buying back OIHMZ. ~more~ #116: Wed 1/7/2009 Time to establish a bearish put spread in ... ~more~ #115: Mon 12/22/2008 Valero (VLO) saw options activity jump 34% over its 20 day average. Both puts and calls were active. Other unusual options action included MON HMY GFI. ~more~ #114: Thu 12/18/2008 Earlier this week, we covered the December $70 Put (OIDXN) in OIH for $0.68. We sold this put at $3.55. Now we are closing the December $75 Put (OIDXW). We are long at $5.90 and will close here at $2.60. For a loss of $3.30. The difference on the spread is a loss of $0.43 on a spread cost of $2.35. The percentage loss is -18.92%. ~more~ #113: Wed 12/17/2008 On October 29th, we bought calls in Halliburton. The calls were going to expire worthless so we bought the stock at $15.33 on November 21st and sold the $17.50 Puts for $4.00. They were closed yesterday for a profit of $3.42. The November Calls cost us $3.40 so we made a profit of .02 cents on the options and a profit of $2.68 on the stock. The total gain was $2.70 on a purchase price of $15.33 or 17.61%. ~more~ #112: Wed 12/17/2008 Yesterday we coverd the Freeport McMoran (FCX) December 30 Call (FCXLE) for $.05 and they were put on at $2.10. This gives us a profit of $2.05 on the call sold. We remained with an open buy positon in the December 25 Call. it was purchased at ... ~more~ #111: Tue 12/9/2008 We established a December call spread in HK as we bought the $12.50 Calls for $3.50 and sold the $17.50 Calls for $1.10 . The spread cost $2.40. The spread is now worth $2.80 for a gain of $0.40 or 17%. ~more~ #110: Mon 12/8/2008 Therefore it makes sense to establish a put spread in the ... ~more~ #109: Fri 12/5/2008 On November 24th, we sold the December 102 puts for $3.75. We will cover this trade as those puts are now worth $0.45. The gain is $3.30 or 88%. ~more~ #108: Fri 12/5/2008 Close the December 80 puts for $6.40 and cover the Dec 75 puts $3.65. The spread differential is $2.75. The spread was established at $2.07. Therefore, the gain is $0.68 or 33%. ~more~ #107: Fri 12/5/2008 With the weakness in the economy, energy prices will continue to drop. As such we will establish a put spread in this oil and gas exploration company. The stock just broke $60 and $55 looks to be in the near future ... ~more~ #106: Wed 12/3/2008 We will establish a December put spread in this refiner ... ~more~ #105: Mon 12/1/2008 Today Merrill Lynch lowered their price target on this equipment company to levels that if they are hit would allow us to make a nice profit in buying some puts here at the $10 strike... ~more~ #104: Mon 11/24/2008 We will play this ETF in the treasury space on the bearish side... ~more~ #103: Thu 11/20/2008 As noted in an earlier recomendation, natural gas tend to move higher into December. Therefore, we will establish a bullish spread in ~more~ #102: Fri 11/7/2008 Last week we were looking at this company and it ran from the high 20s into the 30s now it has pulled back and we have our opportunity. Buy a call spread in ... ~more~ #101: Fri 11/7/2008 The cold weather is upon us and seasonally natural gas begins to rise. Therefore, we will play a call spread in ... ~more~ #100: Fri 11/7/2008 With the drop in the USO we will cover our short side of the call spread. Cover the November 60 Call (USOKL) sold at $2.90 for $0.80 which is a gain of 72%. Expect to see another leg put on Monday. ~more~ #099: Wed 10/29/2008 Energy names are starting to rip again and it is time to step up to the plate buy ... ~more~ #098: Wed 10/29/2008 It is time to enter a call spread trade in this energy ETF. ~more~ #097: Fri 10/24/2008 Stay Alert Look For Some NEW Trade Recommendations!!! ~more~ #096: Thu 10/9/2008 With the pullback in gold, we are putting back on our insurance hedge on the market. The past two trades in this vehicle have been huge winners. ~more~ #095: Wed 10/8/2008 With the weakness in the market the price of gold has risen and our March 84 Calls will be sold here for a gain of $6.30 or 105%. They were bought for $6. We intend to buy more calls in GLD on any pull back towards the $87.50 level. ~more~ #094: Wed 10/8/2008 Exxon has been refusing to break the $75 level and now that is has premiums are jumping. With eight days until expiration we are selling our Exxon October 75 puts (XOMVO) for a wash trade as we bought the puts at $3.00 and that is where they trade. The gain is $0 or 0%. ~more~ #093: Thu 10/2/2008 On 9/24 we put on a trade for crash insurance. The trade has made a nice profit. We will lock in those gains of 81% here and look to roll into new puts on any bounce above Monday's low or put on again on a break of $111.13 on SPY. ~more~ #092: Wed 10/1/2008 With gold moving higher, it is time to take profits on the March 80 Calls (GLDCB)which were bought for $7.50. Currently, they are at $13.20. The gain is $5.70 or 76%. ~more~ #091: Wed 9/24/2008 You buy insurance for your house, car and life. Do you buy insurance for your net worth, nest egg or portfolio? If not, then we have to ask the question, “Why not?” You see it is “crunch time” for the United States and its capital markets much less the markets of the rest of the world. There are two minutes left in the game. The home team (the U.S. market) is down by 4 and if a touchdown is not scored the season is over. Is it that bad? No, it is even worse. ~more~ #090: Fri 9/19/2008 Below is an update on existing positons and changes for expiration. ~more~ #089: Mon 9/15/2008 With today's action we will establish a put on... ~more~ #088: Fri 9/12/2008 Sell the September 155 OIH Calls for $9.10 after buying at $5.50 for a gain of $3.60 a contract or 65%. New positions later today. ~more~ #087: Wed 9/10/2008 We believe that energy markets can finally begin to rally here as ... ~more~ #086: Tue 8/26/2008 The AMEX Natural Gas Index (XNG) has sold off from $775 to a recent low of $550. That is a drop of over $225. The reason natural gas begins to climb late summer is that ~more~ #085: Mon 8/25/2008 We are going to buy some long term in the money calls to hedge the risk in the market. Therefore, buy ~more~ #084: Fri 8/15/2008 We had purchased August 22 Calls in Tesoro (TSO) and a modified August synthetic long spread in Nabors Industries (NBR). Both stocks are lower and we still believe in these stocks so we will attempt to cover our losses with two repair techniques. ~more~ #083: Fri 8/15/2008 As noted in our previous alert on July 31, we closed half of the First Solar spread, the call side, with the intention of not having to cover the put position that was put on as a short. The stock is currently above $260 at $264.31 so do not cover the put as it will expire worthless which will give us a closing price on the spread at $7 with an entry price of $5.50. The gain is 27%. ~more~ #082: Wed 8/6/2008 With the pullback in natural gas prices, the natural gas stocks have been hit too hard. Therefore, we will go long calls in ... ~more~ #081: Thu 7/31/2008 Last week we put on a spread in First Solar. We will close half the spread ... ~more~ #080: Wed 7/30/2008 We like a name on the long side in the fertilizer space, not the overhyped names, and will buy calls in ... ~more~ #079: Tue 7/29/2008 Last week we made a bearish bet on the USO through establishing a bearsih put spread in this ETF. We will lock in gains of 32% this morning. ~more~ #078: Thu 7/24/2008 GT Solar (SOLR) came public at $16.50 and is trading at $14.53 so any rebound fo the solar space had been put on hold and as a result we will buy puts in ... ~more~ #077: Tue 7/22/2008 We like the chances for this driller and will buy calls that are near the money and sell out of the money puts ~more~ #076: Tue 7/22/2008 We will establish a bearish put spread on the ... ~more~ #075: Thu 7/17/2008 Cabot Oil & Gas closed at $51.20 and there is very little likelihood the stock will move about $60 tomorrow. Therefore, the calls you sold at $1.00 will expire worthless which means a profit of 100% will be locked in. ~more~ #074: Tue 7/15/2008 Selling calls in this exploration name as expiration is a few days away ~more~ #073: Fri 7/11/2008 APC has gapped up today and we will book a 64% gain. ~more~ #072: Wed 7/9/2008 The price of MOS has popped this morning - close bullish call spread for quick gain. ~more~ #071: Tue 7/8/2008 We will establish a bullish call spread in this ag play ~more~ #070: Tue 7/8/2008 We play an oil and gas exploration and production company on the call side using only calls instead of our typical call spread ~more~ #069: Thu 7/3/2008 The solar stocks are falling fast and furious. We will close out our bearish put spread in First Solar (FSLR) at $6.20 with a gain of $1.20 on $5.00. The gain is 24%. The stock has broken $250 by a considerable amount. ~more~ #068: Wed 7/2/2008 We have traded this space in the past and took gains of 31% and 36%. This looks like a high probability trade ~more~ #067: Mon 6/30/2008 With talk of $170 oil, the drillers should continue to gain momentum to the upside and we will buy a bullish call spread in ... ~more~ #066: Tue 6/24/2008 Calls are flying for the second day in this energy name. We will buy calls and not do a spread trade for maximium gain. ~more~ #065: Fri 6/20/2008 As options expiration approaches, we will close out our spread trade in the XLU ~more~ #064: Mon 6/16/2008 We will make a bearish put spread on this ETF as ... ~more~ #063: Wed 6/4/2008 In late December, we exercised our December $12.50 calls in Southwest at $12.50 giving us a cost of $14.50. Next we bought an additional 100 shares at $12.76 dropping our cost to $13.63. We then sold the March $12.50 for a credit of $1.15 and those expired worthless driving our cost in Southwest to $12.48. With the stock at $13.60, we will lock in a gain of $1.12 or 8.97%. ~more~ #062: Wed 6/4/2008 We will take a gain in our bearish put spread on Alcoa (AA) of 16%. The stock does not want to break much below $40 and expiration decay will soon start to kick into gear. ~more~ #061: Thu 5/29/2008 It is hard to believe but we have found an oil/gas refining marketing play to make money with as the price of crude drops ~more~ #060: Tue 5/27/2008 We will establish a bearish put spread in the utility sector by ... ~more~ #059: Mon 5/12/2008 We will establish a bearish put spread on ... ~more~ #058: Thu 4/24/2008 We will close out our bearish put spread in Sunpower (SPWR) at $2.75 with a gain of $0.65 on $2.10. The gain is 31%. ~more~ #057: Thu 4/24/2008 We will take profits on the Oil Service HOLDRS (OIH) bearish put spread as the pullback to $200 occurred exactly as we thought it would. This trade has made 18%. ~more~ #056: Tue 4/22/2008 We will close the calls in Petrohawk (HK) at $3.90 with a gain of $1.15 on $2.75. The gain is 42%. The stock was originally bought as a takeover play and that has not played out so time to lock in the gain. ~more~ #055: Tue 4/22/2008 These stocks have been what we refer to as "Buzz Lightyear Stocks" to infinity and beyond. Now it is time for a rest and we will establish a bearish put spread in ... ~more~ #054: Mon 4/21/2008 It looks like the solar stocks have started to role over after a nice run to the upside and will make a bearish bet while the Lehman Solar Supply Demand Trends Report is underway this morning ~more~ #053: Fri 4/18/2008 We will close out our bullish calendar call spread in Rowan Drilling (RDC) at $3.50 with a gain of $1.20 on $2.30. The gain is 52%. ~more~ #052: Mon 4/14/2008 One of the Energy ETFs has gotten a bit frothy and we will look make some money on the impending pullback. ~more~ #051: Mon 4/7/2008 The ORATS Action Alert has identified unusual call activity in .... ~more~ #050: Thu 4/3/2008 We will close out our bullish call spread in Ensco(ESV) at $3.25 with a gain of $.65 on $2.60. The gain is 25% ~more~ #049: Wed 4/2/2008 We will deploy a new strategy within the concept of bullish and bearish spreads. This strategy is a calendar spread. We like the stock that we are doing this trade with but need more time so we will an April option and buy a May option. ~more~ #048: Wed 4/2/2008 We will close out our bullish call spread in Valero(VLO) at $1.90 with a gain of $.60 on $1.30. The gain is 46%. ~more~ #047: Tue 3/18/2008 We will go long a bullish call spread on this refining company ... ~more~ #046: Tue 3/11/2008 We will go long a bullish call spread on this offshore drilling company.... ~more~ #045: Wed 2/27/2008 We will go long a bullish call spread this deepwater equipment company in front of earnings.... ~more~ #044: Wed 2/27/2008 We have achieved our percentage gain goal on GLBL and will lock in a gain of 35%. ~more~ #043: Tue 2/26/2008 We have achieved our target price of $70 on BHI and will lock in a gain of 31%. ~more~ #042: Tue 2/19/2008 We will go long a bullish call spread in one of the lesser known Oil & Gas Equipment Service stocks which has been beaten up over the past few months... ~more~ #041: Thu 2/14/2008 We will go long a bullish call spread in one of the better known Oil & Gas Equipment Service stocks which has been beaten up over the past few months. ~more~ #040: Thu 2/14/2008 With expiration tomorrow and the stock near $25 it is time to take profits on our bullish call spread trade in BJS February $22.50 and $25 calls. ~more~ #039: Wed 2/6/2008 With the free fall predicted in Sunpower (SWPR) we will close our February bearish put spread. ~more~ #038: Mon 2/4/2008 We orginally bought SWC calls then converted to stock and sold a call to repair a losing trade. Now the stock has moved to $13.47 and we will take profits of $3.49 or 35%. ~more~ #037: Thu 1/31/2008 The bulls are caught in a high flying energy group and this bearish put spread is a n brainer we will..... ~more~ #036: Wed 1/30/2008 We are locking in gains on the OIH Feb Put Spread ~more~ #035: Fri 1/25/2008 With the weakness in drillers we will establish a bearish put spread in..... ~more~ #034: Fri 1/25/2008 Steel stocks have gotten a bit ahead of themselves here and we will establish a put spread in...... ~more~ With gold breaking down, we will lock in gains on our ABX Bearish Put Trade ~more~ #032: Wed 1/9/2008 Gold seems to be getting a bit frothy and we will take this opportunity to establish a bearish put spread on .... ~more~ #031: Thu 1/3/2008 We will establish a bullish call spread in an oilfield services company that is oversold. ~more~ #030: Mon 12/24/2007 We will close out our call spread in First Solar (FLSR) with a gain of $ 1.60 on a $4.40 cost. This reflects a gain of 36%. ~more~ #029: Fri 12/21/2007 We will close out our call spread on Agnico-Eagle Mines (AEM)for a gain of $.80 on a $2.60 cost. The gain is 31%. ~more~ #028: Fri 12/21/2007 We will exercise our calls in Southwest Airlines (LUV) and purchase .... ~more~ #027: Thu 12/20/2007 We will close out our call recommendation in the January 85 Calls in Conoco Phillips (COP) for a 29% gain. ~more~ #026: Wed 12/19/2007 Shorts are betting against wind power and in particular ...... ~more~ #025: Tue 12/18/2007 With the recent pullback in gold, we are going to take this opportunity to buy a bullish call spread in AEM for $260 per contract. ~more~ #024: Tue 12/18/2007 Bearish Bias- December Bear Put Spread Closed For OIH ~more~ #023: Tue 12/18/2007 Buy Calls in Conoco Phillips (COP) ~more~ #022: Tue 11/27/2007 Bearish Bias-Bear Put Spread OIL SERVICE HOLDRS TRUST (OIH) ~more~ #021: Tue 11/27/2007 Bearish Bias-Bear Put Spread SPDR TRUST SERIES (SPY) ~more~ #020: Fri 11/16/2007 We will maintain a position in Stillwater through a buywrite. ~more~ #019: Fri 11/2/2007 Bearish Bias-Bear Put Spread XOM ~more~ #018: Wed 10/31/2007 Bullish Bias- Bull Call Spread EXP ~more~ #017: Wed 10/24/2007 Bullish Bias- Buy Calls (LUV) ~more~ #016: Fri 10/19/2007 Bearish Bias-Bear Put Spread - Close SPY ~more~ #015: Mon 10/15/2007 Bearish Bias-Bear Put Spread - PGN ~more~ #014: Fri 10/12/2007 Bullish Bias- Bull Call Spread, SWC ~more~ #013: Fri 10/5/2007 Bearish Bias-Bear Put Spread, XOM ~more~ #012: Fri 10/5/2007 Bullish Bias- Bull Call Spread Eagle Materials ~more~ #011: Fri 9/28/2007 Bearish Bias-Bear Put Spread PHLX Utility Index ~more~ #010: Wed 9/26/2007 #009: Mon 9/24/2007 Bearish Bias-Bear Put Spread SPY ~more~ #008: Mon 9/24/2007 Bearish Bias-Bear Put Spread ~more~ #007: Fri 9/14/2007 Bearish Bias-Bear Put Spread ~more~ #006: Tue 9/11/2007 #005: Tue 9/11/2007 #004: Thu 8/30/2007 We will establish a bullish call spread in Schlumberger. ~more~ #003: Fri 8/17/2007 Our second trade is a bull call spread on Royal Gold (RGLD). ~more~ #002: Tue 8/7/2007 With the stock trading higher and the Fed announcement to be released within the hour we are closing out the trade with a profit of $1.25 or 32%. ~more~ #001: Tue 8/7/2007 First Trade for Gold and Energy Options Trader ~more~ |
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