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Robert Weinstein
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  • Trading Results 3/4/11 0 comments
    Mar 4, 2011 5:32 PM

    A little more busy than the last couple of days but I am fighting for every inch I can get.

    BKS is basically near the puke stage. Today I decided that I would throw out a bid for a nickel on the calls that I wrote and it took a while but sure enough they sold. That closes out my swing short with BKS. I traded CDE again today from carrying it over last night. I took a dinging for the most part with it. I felt that with silver prices moving higher and the stock being down I should take what I can get. Technically it is bearish for a stock to not be able to climb on good news and so I decided to hold a few hundred shares short covered with puts as a time hedge.
    I shorted more VRTX april calls. Today I added the 55 strike price. This is somewhat of a new type of trade for me. It is using my tested and true William signal adjusted for providing swing trade signals. It is designed to signal areas that if there is enough premium in options that I should short the calls. Based on the article I wrote in there are plenty of people that feel this may not be the smartest trade. They may be right but that will only mean I need to see if adjustments are needed.
    I received a William signal with ITMN and while I had a bigger gain at the close, I traded it back and forth in after hours which had the effect of lowering my unrealized loss, realized gain and raised my average sale price.
    COO was a gap up fade. It gave a Brenton signal but the signal was right at the dead top of the move.
    BKS options + 167
    CDE - 59
    CDE 34P - 187
    CDE 35P - 59
    COO + 260
    ITMN + 78
    Today + 199

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