Monday, March 19, 2007

Pride International, Inc. (PDE) Trade 3-16-07

Bought some PDE July 35 calls on Friday. Got this play from an options site. There was very high volume on this call. Target is 100%.

UPDATE 5-25-07: I sold my calls for PDE this morning. I felt there is going to be a correction soon, so I wanted to take my profits. This trade made 121% gain!!!

Garmin Ltd. (GRMN) Trade 3-16-07

Bought some GRMN 55 calls on Friday. Garmin seems to be on a nice trend. My target is 100% gain.

UPDATE 4-23: Option pretty much expired worthless. It was automatically sold for a mere $60. So I marking this one down as a 100% loss.

Friday, March 09, 2007

AT&T Inc. (T) Trade 3-09-07

I bought some AT&T today. It looks like it is just about to break through resistance at around 37. It's been in a nice upward trend. I may have got in this a few days early but I still think it will be a good trade. I'll be looking to sell around 38, unless it is clearly going higher.

Update 3-26: I sold AT&T this morning. I think it has hit a new resistance....
This trade made a 5.7% gain.