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Jack Haddad

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Sold RIMM and "bought to cover" Oct calls

Exited RIMM at 67.48, and covered calls at 3.25/contract for a net gain of 1.55/share. This transaction resulted in 2.6% gain in 3 weeks time.

Disclaimer: MD Capital Management no longer owns RIMM
Tags: RIMM

Oct 07 12:01 PM | Link | Comment!
Intel: A push past 20/share

INTC's performance in the past 3 trading days suggest that it wants to breach the shorterm 19.85 resistance. A close above that resistance will ensure further upside in the wake of market's strength.

The October strike 20 calls that we have written couple of weeks ago are decaying nicely against the underlying shares.

Disclaimer: MD Capital Management owns INTC
Tags: INTC

Oct 07 11:09 AM | Link | Comment!
RIMM is fighting to remain above 65.

Today's close above 65.50 ensures that the psychological support of 65 stands. Our strategy is panning out well thus far. We bought 10 days ago at 68.57, and wrote Oct strike 65 calls at 5.90/contract. If shares get taken away at 65 by option expiration, we pocket 1.33/share. Should shares close below, we pocket the entire premium and roll November calls until the shares mature to our liking.

Disclaimer: MD Capital Management owns RIMM.
Tags: RIMM

Oct 06 4:24 PM | Link | Comment!

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StockTalks

Market technicals: I'm accumulating both QID and DXD as the DOW and nasdaq look tired. We have not been able to surpass 10479.
Dec 23, 2009
Amln: today's pullback is a great entry hedged by writing Jan 12.50 calls. Last week's results of Byetta far exceeded epxectations.
Dec 23, 2009
QID: added more to my core position at 20.48. Nasdaq is topping out and is tiring.
Dec 11, 2009

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