Friday, January 23, 2009

Fund D Update for 22-Jan on NOK

NOK announced earnings tumbled 69%. Share price dropped.
(Buy PUT and/or Sell CALL-SPREAD).

STO
10x NOK-Feb-$14/$15-BEAR-CALL-SPREAD at $0.35

BTO
10x NOK-Feb-$13-PUT at $0.70
10x NOK-Feb-$12-PUT at $0.35

STC
10x NOK-Feb-$13-PUT at $1.250 profited $550 (78.6%)
10x NOK-Feb-$12-PUT at $0.725 profited $375 (107.1%)

Position still open
10x NOK-Feb-$14/$15-BEAR-CALL-SPREAD at $0.35 (most likely to keep 100% potential max profit $350 by Expiry Friday 20-Feb).

Remarks :
STO = Sell-To-Open
BTO = Buy-To-Open
STC = Sell-To_Close
BTC = Buy-To-Close

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