Seeking Alpha

Jack Haddad's  Instablog

Jack Haddad
219 Followers
1 Following
Send Message
Jack Haddad
  • M's shares are cheap relative to its peers in the sector. 0 comments
    Apr 14, 2009 10:06 AM

    Purchased 4,000 shares of M at 11.86.  Unlike other positions in my portfolio, I decided not to hedge the underlying shares with "deep in the money" calls.  I was considering May strike 9 calls at 3.20/contract for an intrinsic time value of of .36/contract.  However, the low trading volume on the call made a difficult to obtain a decent limit order.

    I'm planning to establish a "long" pyramid position on M.  I will accumulate at the proper pivatol points.

Back To Jack Haddad's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

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
More »

Latest Comments


Most Commented
Posts by Themes
BAC, Carl Ichan, M, SMN, USO
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.