Well, I haven’t given any back after yesterdays positive day. I shuffled some positions and received another gift. Yesterday was quite euphoric, today was a bit more business as usual. I am preparing for an Executive Luncheon in Breckenridge focusing on the state of identity theft, and how individuals and business owners can mitigate their risks. Prior to that I wanted to put together a morning update.
If this trading keeps up it should be a nice christmas
MER – sold 1 unit for -1.90. I just wanted to put more profit in the bank and look at which future adjustments I have available to me.
GS- I added 1 more call ratio backspread on. Jan 2/3- 200/220c for a -11.95 credit. I picked this unit up on a spike. After the spike the spread price settled back in my favor. And the underlying is marching in my direction.
ACN – Upon the opening I sold 1 unit for .45. The stock is going down and toward my Breakeven. I decided to take a little profit as my basis for the spread is .27. I am holding on to my other 4 units.
RHT – 1 unit Oct/Nov 20p spread for .30. I am working on more units.
YEAH YEAH YEAH!!!!
UTHR- This is one of my best trades EVER, only behind ACF a few weeks back. I have been buying 65 and 70 calendar spreads for cheap and flipping them quickly 30 minutes or less. Today I picked up 2 units of each, and flipped them for a .30 profit by the time I was out of the shower I had paid the rent and the car payment. Crazy action, the spreads are out of whack. I can’t figure out what is going on, but there is something happening.
This is how I feel right now. However the weather is beautiful today. 47* @ 11am. Not a cloud to be seen. Here is a video I made for another MySnowPro instructor, Brian.