PD took a small position in PD + 6 PD MG (Jan06 135p) @2.70 -1 PD Jan06 140p @4.60 order to buy 6 more Jan06 135p @ 2.10 day order selling 5 Jan06 125p @ 1.40
cancelled PD ME @ 1.40 sold 5 PD MF (Jan06 130p) @ 1.90 GTC order to buy 6 PD ME (125p) @ .95 order to sell 5 more PD MF (Jan06 130p) @ 2.30 PD position +6 PD MG @2.70 -2 PD MH @5 -5 PD MF @1.90 +1 PD ME 1.20
closed the 2 PD Jan05 140p for +$280 bought six (6) more PD MG @ 1.85 (Jan06 135p) now: +12 PD MG @ 2.27 (avg.) -6 PD MF @ 1.90 apparently no one wants to take profits this year --- with only 6 market days left - I regret not selling another 6 PD MF @ 1.90-200 yesterday--- my gut said to do it - to be 2/1 woth the Jan06 135p -- I was ready to pull the trigger but figured I'd have a 2nd chance today- didn't want to have naked positions overnight on this one - although the plan was to then leg into the 125p strike for <.95 - butterfly the position. plan is to now close the 6 PD MF for <.90 - then consider staying directional and/or re-selling (4) PD MH at <3.70 - to construct a 3/1 backspread with the 135p. It is still my inclination that PD gets sold off into the mid-low- 130s after 1/2/06 - and that today's price movement is year-end distribution.
order selling 3 PD MH @ >3.30 will look to close PD MF @ < .70 on Tuesday - and re-sell at a much higher price thereafter- OR if stock falls next week- will sell 6 more PD MF @ >1.45
COF looking to buy buy 25 COF MQ @ <.75 Capital One Jan05 85p stock needs to pop into year-end -- for me to enter - COF has a small flaggish/triangular pattern - IMHO- which may result in a push higher next week- at which time I wil look to enter. why: COF will trade to <85 by Jan expiry I may enter Feb06 90c - looking to sell Jan06 85c - depends on action next week on COF
NTES is on "radar screen" looking for a large move in Q1 2006 will look to construct a diagonal - just not sure what months/strikes --- want to see year-end action.