BBY is down 13% today after a 'disappointing' earnings report: http://finance.yahoo.com/news/best-buy-reports-3rd-quarter-133232620.html I closed the bear call spread for .08 making for a yield of: .20/28 = 71% in one day. That was also shooting fish in a barrell. I still have open a longer term bear call spread on BBY that expires in Jan. (copied from elsewhere)
Sold puts on $7 UEPS for Jan. Credit $0.20 Annualized % return..... 17 - 18% BE price....$6.80 The companies fundamentals are more mixed than I generally accept. They are not bad. But they are not up to my usual standards. For example, their cash on hand is lower than I'd like. However, they appear to be financially healthy, and able to handle their debt load... which is still reasonable. Technially, I like their tech support in the $6.8 area, which is my break even price. http://finance.yahoo.com/q/bc?s=UEPS&t=2y&l=on&z=l&q=b&c= I don't generally trade companies under $10, but I'm taking a chance on this one.
...oldie, it would seem some of your latest trades have had an earinings release angle to them.....true or just coincidence?...
Sold puts on $41 NTES for Dec. Credit $0.50 Annualized % return.....14% 2 year chart shows very reasonable tech support in the 40 - 41 area. Hence my BE price of $40.50. Trade initiated with the stock trading at $44. Fundamentals are mostly reasonable, and company is financially healthy http://finance.yahoo.com/q/bc?s=NTES&t=2y&l=on&z=l&q=b&c=
DE: http://www.bloomberg.com/news/2012-...ter-sales-slow-in-europe-asia.html?cmpid=yhoo http://finance.yahoo.com/news/deere-reports-record-fourth-quarter-120200155.html http://stockcharts.com/h-sc/ui?s=de That June 65/60 BPS is up a bit today after earnings. I may double down and take some more of that spread at the higher yield when the decline looks done.
Sold puts on $40 NTES for Jan. Credit $0.90 Annualized % return.....14% BE price... $39.10 Thus, I now have a $41 put for Dec and a $40 put for Jan. Both earning 14% annualized. Both trades blend well with last weeks $10 ATVI trade for Dec, as they are in a similar industry. Although, I'm earning 18% on the ATVI trade.
Sold puts on $24 VECO for Dec. Credit $0.25 Annualized % return........15% otm safety cushion 12% Stock has reasonable tech support in the 26.5 - 27 area, which is where it traded today. And tech support again in the $24 area, per the 2 year chart below. Hence my selection of $24 as my strike, with a BE price of $23.75 http://finance.yahoo.com/q/bc?s=VECO&t=2y&l=on&z=l&q=b&c= However, company is having some earnings issues and is heavily shorted. Hence the reason this is a short term trade. However, company is financially healthy. Earnings are not due again until late Jan.
Initiated this Dec trade Nov 15th. Closed it today for $0.04. Thus keeping about 80% of the profits,... while closing this 5 week trade in under 2 weeks.
Thanks. But the only reason I posted that I closed it, was because I posted that I opened it. If someone had copied the trade, I felt it was appropriate to share that I closed it. I'm hoping to find another trade to replace ATVI with, otherwise it was a mistake to close it. My goal now, it to find another trade that will generate considerably more credit (dollars) than I left behind,... for the same unit of time that remained on the contract,... using a similar amount of cash.