Up to date PnL: LU -6.8% SI +7.34% AMGN +6.79% (+8.84% no scaling out) AAPL +12.18% (+22.21% no scaling out) CPB +2.65% AIT +1.42% EBAY +12.39% CAL +6.67% YI +11.95%
LONG YI Z6 mini Silver 06 future contract Current at the time of call: $11.19 30% position PT1: $12.00 PT2: depends Average down: $10.60 (30%), 9.60 (40%) Stop: $9.00 A weak A-class BLD on a daily chart in MACD/HIST/RSI/CCI.
LONG CL Z6 Current at the time of call: $59.76 100% position PT1: $63.80 PT2: depends Average down: N/A Stop: $57.00 BLDs on a daily chart in MACD/HIST/RSI/CCI. Hard stop will be used below recent reaction low of $57.70, stop $57.00. Weekly and monthly charts are bearish though.
LONG HG Z6 Copper Dec 06 contract Current at the time of call: $341.30 50% position PT1: $360-370 PT2: depends Average down: $320.00 add 50% Stop: $295.00 4BLD on a daily chart in HIST.
LONG HO Z6 Heating Oil Dec 06 contract Current at the time of call: $1.7297 50% position PT1: $1.90 PT2: $2.10 Average down: $1.62 add 50% Stop: $1.590 BLD on a daily chart in RSI/CCI. Also Long Grails in RSI & CCI. Slight BLD in MACD.
Romik, Quick question here if you don't mind. Are you playing/hedging with options now also? The last time I read this, you were not. Thanks.
I attempted to with the IPG position, hedged by buying Oct calls, but the price is holding around $10 mark, so there is a possibility of options expiring worthless on that one. Time will tell.
Thanks. FWIW, I will never buy a call option expiring less than 1 month as a hedge if the stock price is around $10. Just my gut feeling, no deep analysis on this although I don't think I'm wrong. Good luck anyway.
Can somebody comment on the following regarding option pricing on IPG. When the underlying price was around $9.80 Oct 10 strike calls have been priced @ $0.25. Right now stock is trading above $10 and same strike calls have gone down to $0.15 Bid.