Saturday, February 12, 2011

WFR, MU, HOLX

Friday I added the following Option plays,

WFR mar 14 call @ .50

MU rolled out some apr 9 calls +1.88 from entry on 1/3/11 to apr 12 Calls @ .54, I still own apr 9s, 12s, and jan 2012 15 leaps

HOLX long mar 21 call @ .40 , a spec trade on the FDA approval of the first 3-D mammography device, this Device potentially helps doctors spot more cancerous tumors.

DF added some mar 8 Puts @ .20 to hedge my mar 12 calls, essentially turning the position into a Strangle. I would rather have the 8 puts and 10 calls or better yet the 9 Straddle. I am just trying to hedge the position a bit and will hold through earnings, I paid .30 for the mar 12 calls so my break evens are 7.50 and 12.50 at expiration.

Here is a link to a video covering these entries

http://www.screencast.com/t/aoce4SNP5oI

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