My Wins & Losses for 17th Oct Earning Week
On 17th Oct, I updated 7 trades that I have placed and here's the results!
1) Motorola, Inc (MOT)
On 16th Oct Bought 1 Contract of Nov 25 Call Options @ 1.90
On 18th Oct Sold 1 Contract of Nov 25 Call Options @ 0.40
Total Loss: $179.91
Q3 earnings was bad which causes the share prices to drop by $3. To cut loss, I sold off the position immediately.
See below for the extract of MOT Q3 resultst:
Shares of Motorola Inc. fell almost 5% Wednesday after the technology giant reported third-quarter profit dropped by nearly half from a year ago, when it had a large one-time gain, and sales rose less than expected.
The world's No. 2 maker of wireless phones also issued a weaker sales forecast range for the current quarter.
Shares of Motorola (MOT) , which hit a five-year high on Oct. 13, fell $1.21 to $23.64 in trading volume that was four times the stock's daily average.
Motorola said late Tuesday that third-quarter profit fell 45% to $968 million, or 39 cents a share, from $1.75 billion, or 69 cents, a year earlier, when the company booked a $1.3 billion gain from asset sales.
2) Citigroup Inc (C)
On 16th Oct Bought 10 Contracts of Nov 52.5 Call Options @ 0.20
On 19th Oct Sold 10 Contracts of Nov 52.5 Call Options @ 0.05
Total Loss: $180.01
Missed analysts forecast and reported a negative results. Share priced dropped immediately! As the call options I bought was at $52.5 even if it rebound the target is still far. The only thing to do is to cut loss.
See below for the extract of C Q3 resultst:
Citigroup, (C) the New York financial-services giant, reported third-quarter net income down 23% on flat revenue. Citigroup earned $5.5 billion, or $1.10 a share, against $7.14 billion, or $1.38, in the year-earlier period. From continuing operations, earnings were $1.06 against 97 cents. Revenue was $21.42 billion versus $21.5 billion. The consensus estimates of analysts surveyed by Thomson First Call were $1.03 on revenue of $21.63 billion. In the largest segment, global consumer, earnings rose 17% on 4% higher revenue. In corporate and investment banking, earnings fell 4% on 6% lower revenue. The shares closed Wednesday at $50.19, up 14 cents.
3) Apple Computer, Inc ( AAPL )
On 16th Oct 2006, the stock price was at $74.32 placed contigency to buy 2 contract OTM 75 Call Nov@ $4.00, order executed on 17th Oct.
On 17th Oct Bought 2 Contracts of Nov 75 Call Options @ 4.00
On 24th Oct Sold 2 Contracts of Nov 75 Call Options @ 6.50
Total Profit: 470.06
It was a unintentional mistake to sell off this trade as Apple reported postive earnings and share price has been moving up to $82. Was trying out to set the "thriling" sell and on 24th put up a thrilling stop of 80 cents. Unfortunately, Dow Jones was moving down that day and options moves down quickly and hit the trilling stop and sold my postions. AAPL was at $81 and my profit was then slashed!
See below for the extract of AAPL Q4 resultst:
The Company posted revenue of $4.84 billion and net quarterly profit of $546 million, or $.62 per diluted share. These results compare to revenue of $3.68 billion and net profit of $430 million, or $.50 per diluted share, in the year-ago quarter. Gross margin was 29.2 percent, up from 28.1 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.
"This strong quarter caps an extraordinary year for Apple. Selling more than 39 million iPods and 5.3 million Macs while performing an incredibly complex architecture transition is something we are all very proud of," said Steve Jobs, Apple's CEO. "Looking forward, 2007 is likely to be one of the most exciting new product years in Apple's history."
"We are pleased to have finished the year with over $10 billion in cash and to have increased annual revenue by $11 billion in the last two years," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first fiscal quarter of 2007, we expect revenue of $6.0 to $6.2 billion and earnings per diluted share of $.70 to $.73."
