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Opening Position RIMM March $70 Calls
I opened a position in RIMM today, buying the March $70 Calls. The stock was down today along with the markets, that gave me an opportunity to look at the charts and wait for the break to the upside. Many analysts are giving their input on the company, and it looks promising. I bought the $70 March Calls at $1.88. Follow my portfolio by visiting my current positions.
By Carlos Molina
Buying some $VIX $20 Calls
Just to have some protection going into next week, I went ahead and bought some VIX March $20 Call.
For the week, the market was up all four days, bad news = good price action.
I strongly believe we need to retest the lows of February before going full speed higher. The interest hike done by the Fed it would mean we have a strong economy, but that’s still not reflected in Main Street. We’ll see what happens next week…! But for this week, we are done!
By Carlos Molina
IN and OUT of GOOG Puts $530
Yesterday, I decided to play my cards with Google (GOOG)… but this time not going bullish, just playing a bearish strategy; and waiting for GOOG to turn back to the $535 level.
I bought some contracts @$9.30 for the March $530 PUT , but this morning Google didn’t show me any direction of going lower, instead it was holding the $540 level…that means Google might still go a little bit higher before going lower. I went ahead and took a hit of 13.5% for the day. Perhaps, not a very smart move. Because Google was flat for the day, and finished at $540.76
For now, I am opening a NEW POSITION buying the $540 March Call @$10.50 going into next week.
I am still bullish with Google, I just need to monitor GOOG not to break below the $535, IF IT DOES I NEED TO GET OUT from this position.
By Carlos Molina
Closing GOOG March$540 Call
As soon as the market opened this morning, I was expecting GOOG, RIMM, AAPL to bring the Nasdaq higher; but NO… It didn’t happen. It was a very choppy morning, and by watching GOOG for the first 30 minutes it didn’t appear like GOOG was going to the $550 or at least the $545 level. So what I did, I went ahead and RANG THE REGISTER, 1st trip at $16.20 and the next trip at $16.70 bringing home the bacon at a 15+%. Then, all we saw from GOOG was sellers….bringing the stock close to the same level it was before yesterday ($534). Having said that, with a strong pullback to the $530 level I might jump on board once again. Happy trading everyone !!!!
By Carlos Molina
Buying Alcoa ( AA )
Today, I opened a position in Alcoa @$13.55. I like the company, like the chart. The earnings were good, but since then, the market has sold and sold the majority of stocks with good quarterly earnings (Intel, IBM, Alcoa, Cisco). Once the earnings season get over, we are going to see these stocks move higher.
By Carlos Molina
Buying GOOG Mar $540 Call
This morning after a rested long weekend, I decided it was time to pull the trigger once again on Google. March $540 CALL @$14.40
Why? I was expecting a strong day with volume as a confirmation.
Closing at the $534 level last Friday; that gave me an idea that the $540 level could be achievable. Result = It was great seen it in the screen.
Google closed today at $541.30 for the first time since Feb 3 (the big Wednesday, remember) when everyone thought the correction stage was over, unfortunately since then the market has been all over the place, and for GOOG the same; with extreme low volume and a bunch of DOJIs all over last week…there was no direction to follow. But since last Thursday things started to improve. The market didn’t care that much about the mess from Europe, neither the fact that CHINA is tightening their credit lending…that gave us a signal…TODAY was going to be the day. At least for a couple of weeks I am expecting some pretty good sentiment for the markets. For GOOG, I think the stock can move around the $545-555 level for the next couple of weeks, higher than that…I will update you guys…Cheers to everyone !
By Carlos Molina
Closing my GOOG Feb $530 Put Position
Yesterday into the close, I told you that I WENT AHEAD AND OPEN A NEW POSITION buying the GOOG $530 PUT FOR FEB @$3.50 around 2:30pm EST. Well Today about 10:30am I closed that position @$6.00 for a quick 66+% return. Like I said yesterday, GOOG is stuck in a range $522-540 and id doesn’t look is going to break above that level anytime soon. Over the weekend I will be studying and placing a video in regards to my GOOG view based on the chart.
By Carlos Molina
Writing a Covered Call on U.S. Steel (X)
Also today, I went ahead and did some covered call on my U.S. Steel (X) position that I am holding since last week (Purchase Priced $47.20). I sold the FEB $48.00 CALL @$1.05 for a net credit of $105 per contract sold. All I need is for U.S. Steel to be under $48.00 to keep the premium. If you want to see some more details about why am I trading U.S. Steel (X), look at my little analysis done over the past week at Watching X Charts
By Carlos Molina
Closing my GOOG March $540 Call
As I expected, Google ( GOOG ) rallied today, and after opening lower, I went ahead and open my position. An hour later it bounced back all the way from $529.50 to over $540. And as it did, I went ahead and cash in on my option, selling it at $15.70 for a quick day trade gain of 25%.
Also since I’ve been following the trend in the stock, I WENT AHEAD AND OPEN A NEW POSITION buying the GOOG $530 PUT FOR FEB @$3.50. Those contracts will expire next week, Feb 19. So, I have to be quick with the trade and let GOOGLE pull back once again from the $540 level. Every time that Google has tried to go above the $540 level, the stock is being sent to the $527-529 price. Let’s see if it works for tomorrow.!
By Carlos Molina
Bought GOOG option March $540
This morning, I went ahead and pull the trigger buying Google GOOG March $540 Call, at $12.50 this morning. I’ve been following the chart over the past week, and it looks like Google is stuck in a range between $522 and $542 over the past week. We’ll see if it can break above that level by Friday, and close our position.
By Carlos Molina
- Jerry Larach : 21% Gain in two positions is not bad at all. Keep up the good work. ...
- Mel : There is a bubble and it's hovering over the ceiling of the stock mark ...
- Jerry Larach : That was a good CALL... 15% ROI !!!! Not a bad day.... Good J ...
- Mel : Analiza EGAS y comentas como la ves ...
- Mel : Good move. You should include that transaction in the performance sect ...
- Carlos Molina : Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica pos ...
- inocente : carlitos el melvin me comento a cerca de tu pagina me gustaria aserte ...