i have about 60% cash now, holding RSO, STEC, had DELL but guess that's gone, sold puts on STX, hold puts on spy $140, buying puts on NFLX 60-80, that thing going to crash. have some AMD left not sure what going to happen there but i still think it has legs., holding puts on tqnt never know with that one, it seems to always tank, and earnings tonight.
watch list is huge. but one of my fav trades is with MTL buy in the 5's and sell in the 6-7 range. watching mrvl that looking like another pump before earnings, seems to do it every-time. keeping an eye on swks and crus, they both another pump and dump stocks. twer is another fav of mine, just looking for a new bottom.
STEC? Reasoning? Guess you like their cash position & see it as a potential buyout target?
NFLX...Hope you're right on this one. I did a modified straddle for their earnings & sold my $110 calls after they reported & still have my $95 puts that are near worthless at the moment. Although I'm guessing you have a longer time line than March......I want to bet against it & AMZN, but they are just to hard to call a top on.
I'm currently holding GPS (March $30 call), FIO (earnings straddle), JOY (April $55 call), & am still "trapped" in OCZ (stock & options) w/ a decent amount of cash on the sidelines.
Watching AA (long term Aerospace/recovery play), FB (looking for a pullback to mid 20's), JCP (consolidating & waiting for it to break one way or the other), VRTX, & of course many more.
Thanks for sharing...always nice to get some new trade/investment ideas