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Phelps Dodge BCS Nov 06

November 2, 2006

Phelps Dodge. After roughly 6th attempt to cross 52wks high $102-103, PD slipped back. Based on my opinion it is forming a double repo. If true, the imminent fall is there. Just to recap, few days back PD had announced earnings as well where it had missed the expectation. The…

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November 2, 2006

Nov CMI BCS/6.4% Profit

November 1, 2006

As mentioned y’day, CMI dipped to as low as $124.1 today (till 10:50am US EST). I didn’t get a fill to buyback at $0.70/contract, so decided to bid a bit higher at purchased at $0.85/contract. That results in $0.25/$3.90 in 1 night holding period i.e. 6.4% profit.

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November 1, 2006

Nov CMI BCS

October 31, 2006

Last night when CMI reported bad results (missed on both Revenues and Earnings, The company also reiterated its 2006 profit guidance of $14 to $14.20 per share. Analysts, on average, expect a profit of $14.35 per share.) it gapped down, I started to analyze it further for a bearish play….

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October 31, 2006

RUT Iron Condor (Nov’06)

October 30, 2006

November Iron Condor: October 11, Filled 690/700 Bull Put RUT spreads for $1.40 credit. October 13, Filled 810/820 Bear Call spread for $.90 credit then again got filled on Oct 16 for $1.10 credit. Ocotber 20, filled 720/710 Bull Put spred for $1.15 credit These multiple credit spread completed my…

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October 30, 2006
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