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Investview, Inc. Announces the Acquisition of a Majority Interest in Vickrey Brown Investments, LLC Accesswire The New Venture Could Potentially Add Significant Revenue And Will Expand Investview, Inc.'s Financial Investment Platform to Include the Development and Marketing of Exchange Traded... More
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  • March Option Update 1 comment
    Mar 16, 2012 3:17 PM | about stocks: JBL, HUSA, WNR, LDK, STX, XRTX, RDWR
    It appears that LDK Mar $5 put will require buy to close costing approximatley $.12. To continue earning time premium and working down our original cost basis I would recommend Sell to Open LDK Jun $5 put for $1.20.

    As I said in my last post, STK will be closed on the buy/write at $21 for a tidy profit. As will JBL at $21 and RDWR at $31.

    I discussed rolling up on the strike for WNR but given the market strength WNR has moved outside the range that I would recommend chasing it so I am recommending taking the profit and closing the buy/write at $16.

    XRTX Mar $15 call will be called away closing our position in XRTX, for now.

    Therefore, the only action needed today is to buy to close LDK Mar $5 put and Sell to Open LDK Jun $5 put.

    I will recommend replacements early next week for STK, JBL, RDWR, WNR and XRTX which all closed with nice profits.

    Watch HUSA on the bounce today for another chance to short. I wouldn't recommend shorting unless HUSA gets back to $10 but would point anyone to the balance sheet to review the "plenty of cash" statement made by the company in their update today.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • piccaso
    , contributor
    Comments (104) | Send Message
     
    Smart move on HUSA, short sheeple tend to get trampled.
    14 Apr 2012, 01:18 PM Reply Like
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