i'm up double digit percentages in EBAY, PALM, HAL- have options that
all expire in March that are all in the money, so these stocks will
probably get called away. unfortunately, jumped the gun a bit early
on PALM options, which means i'll prob be losing .50 cents a share in
profit- but then again, i'm up about 1.50-2.00 a share on each so it's
not a big deal.
as i predicted, crude oil is doing well, as prices are topping 61 a
barrel, which means that the USO fund is doing quite well also, since
it basically mimics crude. WMT is doing well, and was also a stock
that I believed i mentioned pretty early on. both are still long
positions, although I would take some profits from USO because of the
warming weather. however, the geopolitical situation makes it so that
oil still stays high or may go even higher.
XMSR and SIRI. shoulda sold in pre-market, but wasn't sure if my
brokerage was capable of doing that. instead, I just sold some long
calls for july and june respectively, which I think is a good move,
since I've technically locked in the profits, but hedged the downside
incase the deals don't go through. I'll be looking to cover in the
next few days as the volatilty drops, and make a quick buck here and
there. that way, hopefully when they both announce their earnings
calls, both of these stocks will get another nice pop up. these
stocks are definitely a bit of a bet that the merger is allowed, and
if it is, i think xmsr is the one that benefits more here.. at least
in terms of share price. i believe both these stocks are shorted
pretty heavily, so there might be a short squeeze which would drive
prices up if earnings are really good next week. most of the stock
movement will be around the merger talks though.
so we'll see.. hopefully stocks stay around the price, without too
much up or downard movement. i want more horizontal movement with
options on all my stocks right now.
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