Position Update: SEED

by DPeezy on March 25th, 2008 at 1:49 pm

Bought [[SEED]] Apr 5.00 straddle this morning (h/t: Ragin’ Cajun); sold half the calls (+400% on the day) at market close to lock in a break-even for the position.

Now playing the earnings-game with just the house’s money. Dy-no-mite!

Took similar action with the [[CSUN]] strangle (earnings tomorrow morning). Full update later tonight.

UPDATE: SEED earnings are out. Immediate reaction has been positive. Conference call tomorrow morning.

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6 Responses to “Position Update: SEED”

Cajun Says:

Sweet!
March 25th, 2008 at 3:03 pm
Woodshedder Says:

Yo Kingis,

What’s the chance of you doing a post about straddles and strangles? Maybe walk me through the process, and how one profits?

If you have the time, it would be appreciated.
March 25th, 2008 at 3:45 pm
patrick Says:

Great job with SEED!
March 25th, 2008 at 4:03 pm
TraderCaddy Says:

Good trade. Every once in awhile (like today) I think of scalping SEED but the speed of the transactions scare me. So I stick with the MOO ETF when the Ags run.
March 25th, 2008 at 5:26 pm
hattery Says:

hell yeah, that’s the way it’s supposed to be done. Nice trading
March 25th, 2008 at 6:50 pm
iBankCoin.com — Stock Picks and Discussion » Blog Archive » Summary - Tuesday, 2008.III.25. Says:

[...] slowly putting more my account balance to work…so in addition to the already discussed trade in (SEED: 6.54 +38.56%), I opened a couple more [...]
March 25th, 2008 at 10:30 pm