Ruthless trader

AMD's PEG suggests a price of almost 23 bucks...22.95 to be exact!

 

Bought 2 blocks of TSO at 74.01 and wrote 200 Aug 70 calls at 5.60/contract.

 

AS much as I do like TOL and think it's cheap, I shorted 1 block here at 24.55
The stock has run from a low of 22.00, and U just think there is more downside and consolidation due before the stock is back in the 30s again.

 

Below is article on how investing )buy and hold) in this market just does not work... Unless youre willing to dollar-cost-average or write calls to generate an on-going monthly premium on your holdings.

http://www.marketwatch.com/News/Sto...B56FBF}&source=blq/yhoo&dist=yhoo&siteid=yhoo

 

Bought 3000 shares of AMZN at 26.25

 

Sohrted 2 blocks of intc at 17.71

 

Covered at 17.59

 

Sold at 26.67

 

Sold 2 blocks of YHOO at 27.28. The sstock is poised to retreat below 25.00

 

Sold 2 blocks of MRVL at 18.69. The stock has split. My July 35 calls expired worthless.