Monday, February 23, 2009

This MARKET is RIG'd! ~ Transocean LTD. (Public, NYSE:RIG)

 BOTD "pumped" the MARCH 55s with $RIG above $60.

~PutsOnThePop! 

RIG 55.46 
-4.06 (-6.82%)
(daily low of $54.81)
.... WINNER! 

SOLD OUT 
@ High Of Day (HOD)  

RIG drilled $55
we took profits.

Yes. we still think RIG
 goes lower, .... but this is
 how the game is played.  


*MUST TAKE PROFITS*

 "plan your work, work your plan." 
 ~ P. Sherman 42 Wallaby Way

p.s. Catch the RECOs Semi-Real-time on StockTwits.com , ... halla! 

15 comments:

BUY ON THE DIP said...

holding BAC calls, and IYR calls as our BULL hedges.

BUY ON THE DIP said...

also if JWN and M pop in the AM , it should help our IYR calls , by default.

malls are commercial real estate, and for the love of children and shopping!, it would be nice to have Macys and Nordstroms still in business. right?

BUY ON THE DIP said...

ohh and our GS short was money!


from $84+ to under $80 ... shazzzamboni!

BUY ON THE DIP said...

IYR calls ... VNO reports in the AM.

also watch FWLT's earnings tomorrow.


p.s. get fired up!

AMP *short* $15.99-1.16 (-6.76%)

BUY ON THE DIP said...

hmmmm,

random watch list add: HLX (reports tomorrow)

HLX 2.93-0.54 (-15.56%)

zstock said...

I think I have ALL worked out--15 -15.5 entry sell $29
ALL

wg said...

Hey you need to post more coherently, you are incoherent now so general public can understand what you have done/ planning to do. You want folks to understand your brilliance make it possible.

Take that RIG put option play of yours. I assume you bought and sold on the same date March $55 puts on Thursday when RIG was >60 for something around $1.9 a put.

On Friday the stock dropped $2, and your puts went up temporarily to 2.70. So you sold them for $0.7 gain minus the commision both ways.

Did I get it right above?

If so why didn't you wait till Monday when your puts went up another 0.8 to $3.50? Would double your profit.

Anonymous said...

as per the chart, you must follow the hottie, that is today's trading lesson. lol

Anonymous said...

DO you expect the market to rally today? Do you think shorting FAZ is a good idea?

maximus said...

BOTD - what level of stock price do you target on NEM?

seizure said...

i'm out of BAC from $3.98 to $4.65

I started my SRS positions at average of $70 now.

Starting FAZ as well near the buzzer

BUY ON THE DIP said...

wg,

for the RIG trade.

we added the march 55s with RIG above $60, we gave our logic and buy target for the puts. saying that RIG up 25% YTD we wanted to add puts above $60. we did.

then we sold MONDAY when rig hit $55. BIG WINNNNER!

not sure what you are asking exactly, but thats how the trade went. (good thing we sold yesterday, eh?)

.... sorry about our randomness and humor. i understand my "verbiage" can be a bit tough to decipher. we'll try to make our RECO's more obvious going forward.

cheers!

BUY ON THE DIP said...

seizure,

bet against me?? arggg!


IYR baby!

BUY ON THE DIP said...

maximus,

lets just ride NEM down with gold.

40.23
-2.16 (-5.10%)

.... $36 seems easy.

Jana said...

Damn, she IS hot!