Accenture Ltd. (ACN) Trade 9-26-06

Update - 9-28-06

This afternoon I sold my calls right before Accenture released their quarterly earnings. I sold them at $2.10 per option, thats a 366% gain!!!!! NICE! Accenture beat the expected earnings of .38 cents. For the quarter ended Aug. 31, earnings grew to $346.4 million, or 56 cents per share.

This morning I bought 2 Oct 30 call options. Accenture is reporting their earnings on Thursday. I am speculating that they will meet or beat their estimate earnings of .38 cents. If they do, the underlying stock (ACN) will go up. When that happens the call option will also go up. The Delta for the Oct 30 call is .45 cents. Which means for every dollar ACN goes up, the Oct 30 call will go up .45 cents.

Every 10 cent move on 1 option, equals a 10 dollar gain.

Oracle Trade 9-18-06

UPDATE 11-17: I sold my shares in Oracle toady @ $19.44, for a gain of 18.5%

This morning I bought stock in Oracle. I got in at $16.44 a share. They report their quarterly earnings tomorrow. Looking to hold this one for a few days, maybe a week.

UPDATE 9-21-06

I have decided to hold on to this position until Mid December.

Goldman Sachs Trade on 9-11-06

I bought five september 150 call options of GS at $2.35 on 9-11. I sold those five call options this morning 9-12 for $5.80. Thats a 146.8% gain. Not bad for less than 24 hours.

Mark this one down as a perfect trade! This how I wish they all went...