Tag Archives: FRO

BOUGHT +1 FRO 100 NOV 08 35 PUT @4.20

By Paul | Published: November 11, 2008
I covered my short put shorted at $3.90 this morning for $4.20 now.  Fee $7.5.  A loss of $45 including commission.  The intraday upmove lacked volume as you can see on the left graph.  Furthermore, S&P failed to break 920 and is struggling at the 900 range. I think I will wait for FRO to [...]
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SOLD -1 FRO 100 NOV 08 35 PUT @3.90

By Paul | Published: November 11, 2008
Pretty much the same reasons as my SAP trade executed at about the same time.  I am short term bullish on the broad market and picked these two companies (SAP and FRO) as my champions to ride the wave. I tried to go long last Friday with FRO but were stopped out.  Today is another [...]
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Covered SLW, FRO, and WFC short puts

By Paul | Published: November 10, 2008
The market broke my intraday support line today (pink line, first graph).  What appeared to be a good Monday turned out to be very disappointing.  I cleared the last of my short puts (i.e. long) about 5 seconds before the close when the market gained some footing.  These plays are purely for risk management purposes, [...]
Posted in Risk Management, Stocks | Also tagged exit, market analysis, options, SLW, WFC | Leave a comment

SOLD -1 FRO 100 NOV 08 40 PUT @7.90

By Paul | Published: November 7, 2008
Bullish position by shorting puts here.  I am using a NOV options because I want to keep this for the short term.  I would like to unload bad positions later on and scale into FRO shares since I think it’s worth holding for the long term.  Why?  35% dividend yield!  I doubt the dividend can [...]
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