StockFetcher Forums · General Discussion · KEVIN'S TRADE JOURNAL<< 1 2 >>Post Follow-up
Kevin_in_GA
4,553 posts
msg #82526
Ignore Kevin_in_GA
modified
11/5/2009 7:28:50 PM

TRADE #4

DATE: NOV 2ND 2009

STOCK: CRXL (CRUCELL BIOTECHNOLOGIES)

TRADE: BUY NOV 22.5 CALLS (STOCK TRADING AT $19.54)

RATIONALE:

EARNINGS ANNOUNCEMENT ON 3 NOV BEFORE THE BELL. THERE HAS BEEN AN INCREDIBLE UPTICK IN CALLS THE ON FRIDAY (EASILY 10x USUAL VOLUME, AND ESSENTIALLY NO PUTS). ALSO HAS BEEN RUMORS OF A POSSIBLE BUYOUT BY J&J, WHO RECENTLY TOOK AN 18% STAKE AT $30/SHARE.

STRATEGY:

PUT ORDER IN JUST AFTER MARKET OPENS ONCE PRICE HAS STABILIZED. I WILL BUY 50 CONTRACTS.

TARGET: NO SPECIFIC TARGET SET HERE - WILL SEE HOW EARNINGS ANNOUNCEMENT PLAYS OUT.



TRADE DATA:

Sent: Nov 2 2009 9:49:47 PM
Subject: FILLED: #73 BOT 50 JXUKX @ $0.25 (TOTAL INVESTMENT = $1250)

UPDATE: STOCK CONTINUES TO TRADE UP, OPTIONS ARE SLOWLY LOSING VALUE.

CRXL IS UP ALMOST TWO DOLLARS, AT $21.15, BUT MY NOV 22.50 CALLS ARE DOWN FROM 25 CENTS TO A BID OF 10 CENTS RIGHT NOW. WTF?



tmanbone
124 posts
msg #82537
Ignore tmanbone
11/6/2009 1:15:23 AM

EARNINGS ANNOUNCEMENT ON 3 NOV BEFORE THE BELL. THERE HAS BEEN AN INCREDIBLE UPTICK IN CALLS THE ON FRIDAY (EASILY 10x USUAL VOLUME, AND ESSENTIALLY NO PUTS). ALSO HAS BEEN RUMORS OF A POSSIBLE BUYOUT BY J&J, WHO RECENTLY TOOK AN 18% STAKE AT $30/SHARE
_________________________________________________________________________________________________________
Kevin can you tell us how you found CRXL was it an earnings play search, sf scan, etc? Have you figured out how to tell if the call volume is buying or selling. Can you share your research sites? Thanks appreciate you.

Kevin_in_GA
4,553 posts
msg #82540
Ignore Kevin_in_GA
11/6/2009 6:44:35 AM

Was pointed to this one by someone else here on SF:

http://www.crimsonmind.com/options/VAUnusualVolume.aspx

Interesting site - still looking around on it for other useful stuff.

allesf
10 posts
msg #82635
Ignore allesf
11/8/2009 8:00:59 AM

HI Kevin,
How do u get these fundamentals on companies?
from the Newspaper or subscription?
cheers,
Alles

StockFetcher Forums · General Discussion · KEVIN'S TRADE JOURNAL<< 1 2 >>Post Follow-up

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