I also bought some GLW which was trading near breakout levels. Got stopped out for a loss of only $2 and re entered the trade with a May $22.50 call at .26.
Heres a layout of my current positions
Bought Currently P/L P/L%
IMAX sept 17.50 call 2.17 3.80 +163 +75%
(2) SIRI June 1 Call .17 .15 -4 -11%
INTC July 24 Call 1.00 1.06 +6 +6%
(2) C June 45 Call .35 .27 -16 -22%
DWA June 45 Call 1.42 1.45 +3 +2%
SWC May 17.50 Call .92 .90 -2 -2%
GLW May 22.50 Call .29 .27 -2 -7%
Total:
Amount Invested: $667
Unrealized Profit: $148
Unrealized Return: 22%
Don't worry, this time I have stop losses step up to lock in these gains :)
Imax is trading just below it's psychological resistance level of $20 watch for breakout or pullback.
INTC has formed a small downward trend on the hourly chart but I suspect it will break above 24.35 in the coming weeks. Blowout earnings like INTC released last week will send this stock higher in the future.
GLW I entered as it approached its 52 week high. This will be a breakout play and if it bounces off the resistance line again I will close.
SWC has been knocking its head against $17.10 for a couple days now. Entered this position as a breakout play as well. Only looking to capture a .30 to .50 move.
CNBC is currently showing DWA down .72 or 1.68% in after hours trading. Not sure what the cause of this is but I will look into it later in the night. After beating earnings, in after hours AMZN is down 7.84 or 5.22% and MSFT is down 1.46 or 4.65%. Looks like the bullish sentiment is wearing off and tomorrow (Friday) will probably be a down day.
In other news my trading account is displaying wrong basis prices for my positions for the second time in a month. Calling and complaining does nothing but fix the problem temporarily. I guess there are just somethings you must sacrifice for dirt cheap commissions.
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