Redemption, Transactions for the Portfolio

I begin with an apology. For those who followed me on my inane journey with ABK paid the price today. CMC option never moved and I come out looking like an idiot. Thats my fault and it won't happen again. Now its time for us to get back on track. Finally had some time to do some research for us all. Lets begin:

Last time I forgot to include transaction costs in our funds. So we will subtract 21 dollars from out total funds.

Now lets begin by selling it all:

After the costs we had 31,750.26 dollars in the bank

Sell:

CMC option - Still worth exactly 8,000 dollars.

SIRF option - 200 contracts at 20 cents per share means 4,000 dollars.

ABK - 769.23 shares x 8.90 = 6846.15 dollars

RIO - 134.73 shares x 32.00 = 4311.36 dollars.

Cost of selling options = 10 dollars.

Total net worth: 54,898.77 dollars.



Lets begin with Buffalo Wild Wings (BWLD)

Stock has jumped up big in after hours due to a great quarter. This was a popular pick in people forecasting in 08 and I think the options are vastly underpriced.

Here is a link to the march options on BWLD
href="https://us.etrade.com/e/t/investingandtrading/qandroptionschains">

1. March 08 option at 40 dollar strike price at 5 cents per share(5 per contract) is an absolute steal. Let's stick 10,000 in there which gives us 2000 contracts.

2. March 08 option at 30 dollar strike price at 50 cents per share(50 per contract). Lets stick 6,000 dollars in there and get 120 contracts.

Applied Materials (AMAT)

1. March 08 option at 20 dollar strike price at 30 cents per share so 30 dollars per contract. Buy 10,200 worth or 340 contracts.

https://us.etrade.com/e/t/investingandtrading/qandroptionschains

BLUE NILE (NILE)

- Stock plummeted after hours and the option we are looking at went from 5 to 20 cents (100% increase) but the option belongs much higher when looked at comparatively to its competitors stocks that are near the money.

March 08 PUT option at 40 dollar strike price at 10 cents per share or 10 dollars per contract. 13,000 dollar worth or 1300 contracts.

March 08 put option at 55 dollar strike price at 4.10 dollar per share. so 410 dollars per contract. 8,200 dollars worth means 20 contracts worth.

APAC

99 cents per share, we will buy 7070 shares for 7000 dollars.

That leaves over 498.77 dollars, but trading costs will be 43 dollars for these buys which leaves us with 455.77 dollars.