After 300+ trades in 2011, only ended up 5% lol

[KTP]

Back from the dead. If I had only believed a little more. Up 60% in after hours.

Chelsea Therapeutics Northera for Dizziness Wins Backing of FDA Panel - Bloomberg

I know! Yesterday I was staring at my 1000 shares bought in low 3s and the halted stock price of 2.41. Now I am much happier with the after hours price of 4.24!

I did sell 10 June $2 puts also for $0.75. I figured I could handle being assigned 1000 more shares at 1.25. That trade nets me a 60% return! I like selling puts!

[KTP]

A double good day ahead! Nokia is up 7% right now in europe! Did you get into Nokia Slug?

[Slug]

No NOK, but I was thinking of selling $5 puts if it starts falling back towards the moving average.

[Slug]

More on CHTP

Five Reasons Chelsea Therapeutics' Northera Will Get FDA Approval - TheStreet

[Slug]

I just put $26,500 into that Nokia trade I mentioned, except I got it filled at $4.42 instead of $4.47!

Bought 6000 shares of Nokia and sold 60 July $5 call contracts for net debit of $4.42

When/if my shares get called away (very likely will happen before May), I will make a profit of $0.58/$4.42 = 13.1% or a little over $3400 profit. If I am not called away before the May ex-dividend date, I will get a dividend on the 6000 shares of around $1600.

Sweet.

Are you buying now???

[kv968]

Are you buying now???

Whew!!! I was thinking of getting into it soon since it's been around $5. Procrastination can be your friend at times

[KTP]

Are you buying now???

I still have that trade, except now I am VERY glad I did it as a covered call. My stock/call price was $4.42, and today Nokia traded around $4.25! The calls I sold to someone are now just about worthless, but I will still collect the $0.26 dividend on the 6000 shares of stock.

Before today I had been thinking my shares would be called away from me soon, but now I guess I will be holding them. I will probably write Jan 2013 $5 calls in July to collect some more premium.

Nokia does still have $4 in cash...around $2.10 net cash, so there *is* a bottom to this drop lol.

[Slug]

I've been VXX trading. Now that is some fun. If it can drop below 19 today, my weekly covered calls will expire. I love the volatility with it.

[Slug]

I have to agree. I sold POZN for a decent gain when I got called out of the shares at 4. Still holding YMI and INCY playing both for janus kinase inhibitors. Up about 40% in each. Mostly sitting in cash though. Nothing I see undervalued right now. Might not be looking hard enough though. Lots of irons in the fire.

Glad you're back Gambler!

Shoulda woulda coulda bought back into YMI just bought by Gilead. Nice pick up for them at a reasonable valuation.