Tuesday, April 6, 2010

EK Trade 4.7.10

EK has lagged the market recovery and continues trading below pre-crisis levels:

The trade:

Buy 10 Jan11 7.50 calls @ 7.50 cost = -1100
Sell 10 Jan11 7.50 puts @ 7.50 cost = +1700

This trade allows you to realize gains if the closing price in January is over 6.90. Should the closing price be below 7.50 shares of EK will be assigned.

Wednesday, March 24, 2010

GRVY Trade 3.24.10

Chinese video game developer sitting on 65mm in cash and no debt:

BUY @ 1.71

Friday, March 5, 2010

BBW Trade 3.5.10

One of the last retailers to move up with the market:

BUY BBW @ 6.15