ARCHIVES OF PAST STOCK OR OPTIONS PLAYS
ADBE (Adobe)
Purchased October 36 Call Options at 0.05 on September 25, 2009
Momentum Play. Monthly MACD headed straight up. Weekly and Daily charts still trending upward. Entry after a nice pullback after disappointing earnings and purchase of Omniture. Trading at the bottom of an upward triangle. Looking for another move up to top of triangle which should hit somewhere around $36. Breakout apparent soon as stock is trading more than 2/3rds of the way through triangle pattern. Status: Closed position on October 14, 2009 at 0.10
% Profit after commissions: 40.0%
VLO (Valero)
Purchased Sep 20 Call Options at 0.37 on July 2, 2009
Stock has formed a triple bottom with increasing Divergence shown by the MACD on the Monthly, Weekly and Daily charts. Charts have been bottoming out and showing Oversold conditions on the RSI. 10 Day chart showing double-bottom as well. This oil refiner could also benefit from a pullback in crude oil prices as crude prices appear to be peaking near-term.
Status: Closed position on July 23, 2009 at 0.47
% Profit after commissions: 16.8%
LXK (Lexmark)
Purchased Sep 20 Call Options at 0.30 on June 17, 2009
Stock had formed a triple bottom with increasing Divergence shown by the MACD on the Weekly and Daily charts. Monthly had been bottoming out and showing Oversold conditions on the RSI. 10 Day charts were beginning to bottom and over the next 3 days following the purchase had formed a triple bottom.
Status: Closed position on July 8, 2009 at 0.40
% Profit after commissions: 19.4%