From the Trading Floor: SRS, TRID, ETFC, MGM, CF, AGN
SRS - Our Real Estate Short.
It has moved up 10% in the last week. Meanwhile, office vacany rates are increasing for the 1st time in 6 months
http://www.latimes.com/business/la-fi-briefs10apr10,1,3213520.story
TRID - It has dropped 10% and fallen below the critical $5 price. I am expecting a bad quarter - that was already assumed. We are in them based on new design wins that will begin hitting at the end of this year. They need to show traction on the turnaround.
ETFC - Down almost to the $4 price. We aren't losing money - far from it. But we do have covered calls expiring next Friday at $4. It would be interesting if ETFC dips below that $4 price and we get to write some more calls. The May $4 are currently selling for $0.40
CF - Looking good
MGM - Our Puts have popped up from $3.40 to $5.hold on them for now
AGN - no movement yet, but we'll wait
It has moved up 10% in the last week. Meanwhile, office vacany rates are increasing for the 1st time in 6 months
http://www.latimes.com/business/la-fi-briefs10apr10,1,3213520.story
TRID - It has dropped 10% and fallen below the critical $5 price. I am expecting a bad quarter - that was already assumed. We are in them based on new design wins that will begin hitting at the end of this year. They need to show traction on the turnaround.
ETFC - Down almost to the $4 price. We aren't losing money - far from it. But we do have covered calls expiring next Friday at $4. It would be interesting if ETFC dips below that $4 price and we get to write some more calls. The May $4 are currently selling for $0.40
CF - Looking good
MGM - Our Puts have popped up from $3.40 to $5.hold on them for now
AGN - no movement yet, but we'll wait
posted by Andrew at
7:45 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home