Well Puts » Trades

ArvinMeritor, Inc. (NYSE:ARM)

Paul — Mon, 21 Mar 2011 19:18:48 +0000

Sell to open May 15 strike puts. Bouncing off 23.6% retracement. Support at 16 and again at 14.

global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors

ARM Daily Chart

JA Solar Adjustment (NASDAQ:JASO)

Paul — Sat, 12 Mar 2011 15:51:13 +0000

I closed out my short put position on JASO Friday before close at a small profit. I was short the March 6.00 strike puts. They were still out of the money and we are only a week before expiration but these solar stocks can move fast and I’m not taking any chances. This could easily get to 5 next week – especially with the market in short-term correction mode. No reason to be long or even have a neutral bias at this point.

The solar stocks have been hit hard these last couple weeks. ENER is down over 25% this week.

JASO Daily Chart

Patriot Coal Corporation (PCX) June Puts

Paul — Fri, 04 Mar 2011 18:36:20 +0000

Sell to open PCX June 16 strike puts. I made this trade before close yesterday. Support at 21 and again at 16. The April 21 strike puts would be a riskier alternative if you are so inclined. ANR is another option in the ‘Industrial Metals & Minerals’ industry.

This chart is from yesterday. It is up ~2% today.

PCX Daily/Weekly

Commercial Metals Company (CMC) June Puts

Paul — Mon, 14 Feb 2011 20:43:04 +0000

Sell to open CMC June 13 puts. I had mentioned CMC at the end of January as a potential opportunity.

CMC Daily/Weekly

Century Aluminum Co. (CENX) June Puts

Paul — Thu, 10 Feb 2011 20:49:15 +0000

Sell to open CENX June 11 puts. This is a little further out than I normally go. Small position. Looking for some diversification.

Century Aluminum Company, through its subsidiaries, produces primary aluminum in the United States, Iceland, and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds a 40% joint venture interest in a carbon anode and cathode facility located in China. The company was founded in 1981 and is based in Monterey, California.

CENX Daily/Weekly

American Eagle Outfitters, Inc. (AEO) May Puts

Paul — Thu, 10 Feb 2011 20:43:48 +0000

Sell to open AEO May 12.50 puts. I sold some Abercrombie (ANF) puts in my cash account on the 8th. This trade was in my IRA. Same theme – apparel stores.

AEO Daily/Weekly

Abercrombie & Fitch Co. (ANF) May 40 Puts

Paul — Tue, 08 Feb 2011 20:44:28 +0000

Sell to open ANF May 40 strike puts. Weekly indicator fired yesterday. Earnings on 2/16. Support at 40. Rising 100 day.

ANF Daily/Weekly

Williams-Sonoma Inc. (WSM) May Puts

Paul — Thu, 03 Feb 2011 21:04:59 +0000

Sell to open WSM May 27 strike puts. Indicator on the weekly chart fired. Rising 100 day and support at 28. I like Williams-Sonoma. I buy a lot of stuff from them – not necessarily a good reason to buy their stock. A catalog with recipes. Brilliant.

WSM Daily/Weekly Chart

Chico’s FAS Inc. May Options

Paul — Thu, 27 Jan 2011 20:44:28 +0000

Sell to open May 9 strike puts and May 13 strike calls. These are covered calls. I have a neutral bias over the next few months. Anticipating range-bound between 9 and 13.

CHS Daily/Weekly Chart

Lender Processing Services, Inc. (LPS) March 25 Puts

Paul — Wed, 26 Jan 2011 20:53:34 +0000

Sell to open LPS March 25 strike puts. I wrote these yesterday and didn’t get around to posting it until now. I have a bullish-to-neutral bias on LPS. These are pretty far out of the money but that doesn’t mean there isn’t any risk. Support at 29 and then again at 26.

LPS Daily/Weekly Chart