RTQS Real Time Stock Quotes

1. I buy  GFI@<12.20   Gold miner.  Gold is momentarily down.

1. I buy ALTR@<23.30.   The trading zone for this stock is 17-23.  This is at high end of the range.  But I believe new range for this stock for some time to come will be 20-26.  Due to this current price puts it at the center.  Also you can write Jan09,25 calls and collect $1.70.  This potentially gives you nearly 18% profit.

Yesterday I did covered calls again

<DISCLAIMER> Buying stocks has huge risks and rewards.  I limit my loss risks with covered calls.     Do your own home work before you buy any stock

On 5/30/08 i.e friday, as said, I did some covered calls on SGR, collected $10.30 for jan09,$60 calls.   I had bought SGR@53.57. So my max profit would be about $17. Down side also I will make $10.30 at least. If stock falls below I will buy more.

I own MRVL jan09 12.50 calls. This marning MRVL is going up to 17.  If I get 4.80 for my calls, I will sell.

BANKS / MUTUAL FUNDS do not beat, covered call income.

1. SGR  buy @<59. write jan09 60 calls. you will collect $9. This is 15% frofit.  If you had done this yesterday, you would get more than 15%.
2. V  buy @85+/-.30, sell Jan09 90 calls. You will collect $10. i.e $15 profit. about 18% profit.  I did this when stock was 75. My profit would be about 28%.
3. Please go back and see my previous few posts.

In the current market conditions, it is hard to predict market direction.  I establish  trading zone for quality stocks.  I pick stocks thru screeners based on modified "Martin Zweig" style and my own. I am a short time trader. Not an invester.  I trade oil, natural gas, petroleum products, semi, infrastructure, equipment, defense, financials.