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Friday, February 19, 2010
Short HPQ May Puts
Currently I am short HPQ and BAC Puts. Market seems to hold support. Vol is still in its bearish downtrend.
Tuesday, August 25, 2009
Long C Calls
Long a small lot of Sept OTM C Calls. Looking for a pop up to the 200 DMA on a rally, and unload the calls.
Monday, May 4, 2009
CPSL Exploded
The last few trading days, CPSL has absolutely exploded. It is up from around 1.50 to above 2.50. I didn't think I would see those levels this early in the year, but it's happened.
I am short calls on my stock at 2.50 for June and September, so I expect this trend to hold, and get called out on my stock, which is the bulk of my portfolio. All of which is fine with me.
I am short calls on my stock at 2.50 for June and September, so I expect this trend to hold, and get called out on my stock, which is the bulk of my portfolio. All of which is fine with me.
Thursday, April 2, 2009
More Covered Calls
I wrote more covered calls on the remainder of my CPSL position. Half my position is short Sept. 2.5 calls, and the other half is June 2.5 calls, which I wrote today for a dime. Very overvalued, especially since CPSL has basically been trading in this range for a week now. I don't expect to see too many large jumps in the price until further on down the road.
Tuesday, March 31, 2009
CPSL - Covered (some) Calls
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq0hA26xMQWxDlbHAVLi9Lzt4VIPl9RIt64ixPxoGkAcoyDk3xdY-RPVzYNOx8nBvIVE0LwIbMHKUEeU11Eu3yUsaPJw_OFD8bjWuHYUDSkRAl2p9WC9cVubptX5M0TOI6AH6I8qliJHuS/s320/CPSL+-+Resistance.jpg)
Right now, CPSL is below resistance again, in the 1.15 - 1.20 area. Watch for another break out in the next few weeks.
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