Position Closed In DRYS

Sold 5 March $100 call options at $650/contract. This represents a 38% profit.

Position Built In DRYS

Take a look at DryShips. This stock is down over 45% from its highs set about a few months ago. With a P/E of only 8 (yes 8), this thing has room to move in a hurry. From a technical standpoint, this stock looks to have set a triple bottom with the lows of September and November. The continued strength in dry bulk shipping industry leads me to believe that this stock is heavily oversold and should reverse sometime soon.

Bought 5 March $100 call options at $470/contract.

Position Closed In RIMM

Sold 3 March $115 call options at $1650/contract. This represents a 72% profit.

Position Built In RIMM

Dips in companies such as RIMM don't happen too often, so it's good to take advantage of them while you can. This recent sell-off can be attributed to a downgrade that occurred a few weeks ago. With seven days to go until earnings, I think we may see a run here.


Bought 3 March $115 call options at $960/contract.

Position Closed In CSCO

Sold 16 April $30 call options at $183/contract. This represents a 27% profit.

Position Built In CSCO

Take a look at CSCO. Fundamentally, a great company: 15-16% growth, 20% average profit margins, and the networking backbone of the United States. Recently the stock has sold off almost 15% due to a solid quarter "not up to analyst expectations." I think this one's headed higher.

Bought 16 April $30 call options at $143/contract.

Position Closed In T

Sold 22 April $42.5 call options at $128/contract. This represents a 12% profit.