Folks, we have a monster winner working here. Back on Feb 9, we bought outright March $7.50 calls for $0.40 before they announced earnings. Here is the original post: http://fahadstockworld.blogspot.com/2010/02/louisiana-pacific-corp-lpx-earnings.html
As of this morning, these calls have doubled in value now trading for $0.80. But this $8 level has been a tough resistance for the stock in the past. This is a double people, so I am taking half off the table and leaving the rest.
About Me
- Fahad Khalid
- Chicago, IL, United States
- I have Masters in Business (Accounting and Finance 2003) from Michigan State University. I have been trading the market since 1998. Prior to picking up trading as a full-time career in 2008, I was a management consultant at Alvarez & Marsal and Conway MacKenzie for four years. I provided turnaround, crisis management and restructuring services to financially distressed firms. Prior to working in turnaround, I worked in Audit & Assurance at Deloitte & Touche for two years. Trading in the market has always remained my side business ever since I started college. 90% of the time, I trade through options. I love volatility skews and positive Theta plays. While I make a lot of directional bets, in general my favorites are to take advantage of high implied volatilities through calendar or butterfly spreads and vertical credit spreads. I never buy straight calls or puts and I do a lot of exotic multi-leg option trades.
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