Sunday, September 28, 2008

9/25 Day/swingtrades

I've been sloppy with tracking my trades and have paid the price.

AAPL - I got in late on the run-up to 134.00 so took $0.50 loss on the Oct 100 Calls when the stock fell back below 131.50 towards the end of the day. Glad I didn't hold overnight (which I considered) with RIMM missing earnings after the close.

C - I picked up some Oct 17.5 Calls as the stock broke out of the 19.40 area.

FNM - Despite the dilution with the government taking up 80% of FRE/FNM, these guys have been holding up very well. I picked up some shares @ $2.20 and sold the Oct 3 Calls which brings my break-even down to $1.70.

POT - I picked up some Oct 100 Calls as the $155 area held up pretty well. Not a good idea given the gap lower on Friday.

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