Posts Tagged Under options
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 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
Another 30% return on U.S. Steel options
I just went ahead and close my position on U.S. Steel (X) @$3.12 for a quick 1 DAY return of 31%. I bought the contract yesterday @2.38, and some other contracts even lower at $2.32. Once again, the dollar is helping with the volatility on the commodities. Today we’re seeing U.S. Steel up 3.5%+ @$45.97 current stock price. I have also wrote a post regarding U.S. Steel (X), check it out in the Tech Analysis category in the main menu, and tell me what you think. Best wishes for your trading day..!
By Carlos Molina
Opening new X Option Position
Just open another position on U.S. Steel (X) @$2.38 for the March $46 Call. The channel for the past week has been between $42 and $47.50. If Germany and Europe resolves the issue with Greece, we can see the dollar turn around and these commodities stocks go higher. I will be updating you in the technical chart of this stock later in the week.
By Carlos Molina
Update on GOOG $540 March Calls
I am watching GOOG March $540 Call, currently at $12.90Ask. The chart looks like a range between $522 and $542 over the past week. The current price on the stock is $529
By Carlos Molina
Watching X Options closely
U.S. Steel (X) @$2.47Ask for the March $46 Call. Once again we can pull the trigger for another quick return. The channel for the past week has been between $42 and $47.50. The EMA20 moving average is going under the EMA50, so be cautious and place a stop at $2.00 if you buy the option, or go LONG and see what happen with the EURO and dollar over the next weeks.
By Carlos Molina
Closing X Option Position
Today I am closing my position on X March $46 Call for a quick return of 32%.
I will keep an eye for any pullback and be ready to pull the trigger once again. “Never let a winner turn into a loser”
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 ...