Adding thanks here as well. Fantastic ideas and analysis. Almost feel guilty doing so well on the work of others. Sold the last half of my position at $2.10 for a total gain of 83% in 14 days. Only regret was not jumping out on the peak last week and getting back in when it came down.
Down a bunch on CQP, but a lot less than I made on BMY, that will hopefully rebound, up 58% so far on EPD. Not a bad few weeks at all.
Now we just need the AGNC SPO.
I am out with a total of 22% profit. Just could not seem to time this one as well, but as engie pointed out, a gain is a gain and this was a 264% annualized profit!
Liking the way that ETP and EPD are behaving today. Doc, did I tell you how much I like your trading advice lately! :-)
Got out this AM with a 20% profit. Bought BMY Oct32 Calls for $1.70 on 9/24 and sold for $2.05 on 10/2. Now it's off to Spain on Friday. Have fun boys and girls. Hope the MLP runs work out for all of you.
Positive press release out on Eliquis after the close today, so maybe that will give it a similar "pop" tomorrow. I hope it sticks better than the one today; I didn't get out before it drifted south again. Congtrats to those who did, but if it does get a boost tomorrow I'll be smilin' wider :-))
Sold 50% of my BMY Oct 33's for 22% gain... I missed several opportunities to lock in 80%, but I just kept thinking it was going to break-through $34.25...
Will sell the remaining BMY tomorrow.
Not as good as AGNC, but I am learning the timing and hopefully won't get greedy next time around.
Currently long: CQP, EPD and ETP waiting for these to take off...
Great timing angrad!!
I am out as well, sold everything today, much of it towards very end of the day unfortunately when the prices weren't nearly so good. I have no complaints at all though!
$32 Oct Calls, avg cost $1.07, sold at $1.98 (avg). ~85% return!
Many thanks out to the AGNC regulars who identified and inspired this trade!
Hey, ddjim, in case you're reading this thread... Did you end up putting a bet down?
Currently, the only remaining forum-related options bet I have now is on EPD. So far it's behaving great since the SPO. If it hits any weakness in the near-term, I will likely add a little more to my position and hope the weakness is momentary.
Nice job Agnrad. Just sold my Oct 32's for 2.02 about 10 minutes ago.
I got in at 1.08, so made about ~ 87%.
I just got online for the day about 20 minutes ago.. the market looks up big.
Seems like a good time to exit.
BTW, THANKS for all the pointers on BMY everyone. : )
Thanks to the posters here, I got some Oct33 calls for .46. Missed the pop to around ~1.20 last week to sell, but managed to sell half on this morning's runup.
My own DD said there is usually pps rise on large volume in the 2-3 days before ex-div. Was playing for that. So far so good.
Just curious where that info came from? Where ever it originated, it doesn't seem to have made it main-stream (has not generated any news items I've seen).
After over an hour of the market being open, I'm not noticing anything "special" about BMY's PPS so far. BMY is actually performing towards the lower end of its peer group:
In addition, the tides may only be lifting all ships... General market indices are up nicely. DOW +1.1%, S&P +.95%, NAS +.60%.
So, clearly Oingo Boingo had BMY in mind for this morning when they sang "It's Just Another Day" ;).
Crossing fingers that posting this message will cause BMY to rocket up +50c before the day is out :).