Thursday, February 1, 2007

Interactive Brokers Olympiad Day Nine

New Positions:
Longs:
188 ASD @ 53.13
1081 ONNN @ 9.27
208 MT @ 48.05
500 JRCC @ 7.22 <--Part of a new strategy of selling covered calls, not so hot. 500 ENCY @ 3.51 <-- " 500 BRLC @ 8.26 154 BEC @ 64.96 387 VRSN @ 25.83 695 PPCO @ 14.68 500 IMMU @ 4.29 <-- " Shorts: 648 CREE @ 15.40 786 NKTR @ 12.71 <-- I keep re-shorting this stock, it defies my stops!! grrrrrrr 500 KRY @ 2.86 Options Sold: 5 JRCC Feb 7.50 Call @ .35 5 BRLC Feb 10 Calls @ .20 5 KRY Feb 2.5 Puts @ .10 <-- A little cheap don't you think... Closed Positions: Covered 500 JRCC @ 7.22 even Sold 300 LGND @ 12.63 <--Too tight stops is a running theme here... Sold 190 DAKT @ 33.98 -.50 Sold 1081 ONNN @ 9.25 -.02 <--Damn stops!! Stops need to be less tight for cheap stocks. Sold 200 SUNW @ 6.57 +.27 <--Better than I expected Sold 500 ENCY @ 3.42 -.09 Sold 500 BRLC @ 8.56 +.30 <-- Ok, so maybe not a completely losing strategy Sold 500 IMMU @ 4.21 -.08 Covered 648 CREE @ 15.57 -.17 <--Stupid program, you should know CREE is going to zero.
Covered 786 NKTR @ 12.68 +.04
Sold 100 ASD @ 53.24 +.11 <--Just in time for the overnight cramer pump! (luckily only half)
Covered 500 KRY @ 2.89 +.03 <-- This strategy is gone.

Closing Liquidation Value: $102,294 +654

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