Position Updates – 04/07/2013

Newly added trades that survived into the weekend are:

$FFIV Q2 ESP guidance warning, stock hammered; 1/4 position Long entry on 4/4 in A/H at 76.65; StO Apr 72.5 Put for 1.92 in mkt hours on 4/5 (1/2 position); BtC Apr 72.5 Put for .68 on 4/5; remain long the 1/4 position.

$UNXL I wanted a way to own this stock where there was good upside, but protected downside; long stock at 27.80; StO July 35 Call & BtO July 25/17.5 PS for free (3.70/7.00/3.30) on 4/4

$BIDU Submarine Basket pick; L entry  on 4/2 at 88.25; StO Apr 12w 90 Call & BtO Apr 5w 87.5 Put for .55 credit (1.00/.45) on 4/3; StC Apr 5w 87.5 Put at 3.65 on 4/5; remain long the stock & short the April 12 weekly 90 Call (will move down this week on any pop in price). see Blog post for more information.

$AAPL I am short the stock at 423.65 with 3 Options pieces:  StO May 400 Put at 12.25 on 4/5; BtO Apr 12w 400 Put at .80; BtO Apr 12 w 425 Call at 5.55; see Blog post for more detail including some Scenarios.

Option adjustments on existing positions:

$CRUS bought back the short April 25 Call

$FTNT

$SPRD  BtC Apr 19 Call & StO Apr 20 Call for .75 debit (1.72/.97) on 4/1

$DVA Apr 130/125 Collar for .20 debit on 4/2 (.85/1.05)

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