Wednesday, January 03, 2007

Options Trades

Today I picked up some The Home Depot, Inc. (Public, NYSE:HD) - HD JAN '07 42.50 Calls for $0.40 cents a piece.

I also wanted to hold a longer term bullish position on the Home Retailer so I decided to pick up some of the HD MAY '07 45's for $1.20 a piece.

Oil was down big today and I saw this as a long term bullish play on oil. Let's face it $50 a barrell oil is just soo 1990's and there's no way Iran is going to let us have cheap oil anymore. On that note I decided to pick up some of the Peabody Energy Corporation (Public, NYSE:BTU) JUN 45 '07 Calls for $1.85 per contract.

Apple Computer, Inc. (Public, NASDAQ:AAPL) - I wanted to throw in some speculative money today. Apple pulled back a bit and of course I saw this as a buying opportunity. I bought some Out of the Money Call Options. My choice was the $100 Strike, JAN '07 Calls, for $0.45 cents per contract. We'll see how this one plays out in the upcoming weeks.

A possibly Google-Apple alliance? MacWorld Buzz. Very interesting!

My Rambus Inc. (Public, NASDAQ:RMBS) FEB '07 $20 Calls took a jump to the tune of 6% on news of using a license they hold in the Playstation 3.Rambus' XDR memory technology. puts Rambus in In Play.

My IBM FEB '07 $95 Puts are down 5%.

Monsanto (NYSE:MON - News) reports quarterly earnings Thursday morning; look for $0.10 EPS.

Interested in Learning how to Trade Options? Here's a great article on The Relationship Between Volatility And Time by John Knott. An options trader who turned $300 into $220,000 while in college, and went on to trade on the CBOE, and Wall Street.

More to Come,


TradingGoddess said...

Gooooooooooooooo GOOG!



Sorry, just wantin ta win the contest over at MadStocks.


Big Bill said...

Cali - Did you try to scalp some futures on yesterdays Fed minutes? How is that going for ya?