New Positions:
Longs:
272 AVP @ 36.79
341 PAAS @ 29.32
270 MYGN @ 37.09
246 NVL @ 40.60
150 RDN @ 66.48
Shorts:
300 NKTR @ 12.08
242 SLM @ 41.34
Naked Options Sold:
15 IIG Feb 25 Calls @ .80 (total position is now 65) <--earnings tonight (crutial)
15 HEPH Feb 5.0 Puts @ .05 <--Wtf, needs some work here...
Closed Positions:
Sold 272 AVP @ 37.26 +.47
Sold 341 PAAS @ 28.50 -.82
Sold 270 MYGN @ 36.05 -1.04
Sold 233 NAV @ 45.66 +2.66 <--Very nice, but looks like I got shaken out
Sold 387 VRSN @ 25.42 -.41
Sold 124 TSO @ 82.77 +2.01
Sold 200 FXEN @ 7.69 -.41
Sold 246 NVL @ 40.25 -.35
Sold 201 TK @ 49.04 -.69
Sold 200 GRA @ 23.86 +2.51 <--Very nice also, but smaller size (from day 2)
Closing Liquidation Value: $99,937
I took a hit today on the maket swing which triggered stops in the new positions and also some previous big winners. NAV was sold for a big profit today then it closed at the high after the market u-turn. Also IIG was up big today ahead of earnings and my software has shorted a total of 65 Feb 25 calls. It is crutial that the stock does not move above 25 in the next week, if it does this should kill my chances of placing in the competition. Currently it is down over 3k on the postion, but the IV will evaporate tomorrow and it was 23 in the after hours last time i checked. So looking good.
Tuesday, February 6, 2007
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