4/29 Buy RIG May 10 70.00 put 40@ .98 20 @.85 10@@.77 4/30 Sell Rig May 10 70.00 put, 70@ 2.06 Almost bought BP but I knew it had Dividend protection. Figured this oil slick would surface all over the news and would hurt all companies involved. RIG was the owner of the drilling rig and I hoped it would get hurt the most. 4/30 Buy RIG 60.00 May 10 put 20@.88 40@.50 40@.44 5/3 Sell RIG 60.00 May 10 put 100@$1.24 RIG continued to suffer due to oil spill and I had another chance to profit. I had a feeling bad weekend news would led the stock lower. Account Value as of 5/3/10 $23,233.65 MTD 35% YTD 271% No positions stock or options
5/5 Buy RIG May 10 60 Put 100 @ .33 5/6 Sell RIG May 10 60 put 100 @ .35 I bought this antcipating a bad earnings report... In the morning I sold to take even a small profit because I did not like how this was trading in the morning hours. In retrospect I could have held longer and made alot more money, but fear got the best of me. 5/6 Buy RIG 75.00 May 75 call 150@ .99 Sell RIG 75.00 May 75.00 call 150@ .77 The stock had run down and I was expecting a nice pop, something I had seen it do a few times earlier this week. I was wrong.. the market crashed today and I got nervous and sold my option. I seen the option price drop to .50 and thought to myself good call. In a few short minutes it climbed all the way back up! Plain unlucky and shit trade As of 5/6 Account Value $20,021.27 MTD 16% YTD %220