Tuesday, September 18, 2012

Recent Option Trades

Call's: JNJ (Johnson & Johnson Corp)
I bought JNJ because I want exposure to major stable stocks instead of volatile stocks at this point. At the current time high beta stocks are all over the map and are seeing a lot of movement. This is making it risky to trade options on these certain stocks. I also would like some short-term exposure to pharmaceutical companies, after I sold all my LLY shares.
Call's: PEP ( Pepsico Corp)
I am hoping to make PEP one of my mid-term investments over the long run. For now I have bought PEP calls on a recent pull back in hopes of a short-term bottom. I also like PEP as a company and any chance I have to get long I will.
Put's: FXE ( Euro Currency ETF)
I have been hoping to short the Euro for the past month. I got long near the bottom because I did expect short squeeze rally. These types of rallies tend to happen when all people talk about is short this short that. Now I would like to short the Euro because of long-term faults in the EU and countries in it.

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