Wrap – Week Ended 10/16/09

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Holdings Watch:

$10KP II:

  • $36,000
  • 75% Cash

Last Week's Close And Expired Trades

  • HK – Sold (20), which is all, of the HK $25 October Calls (HKJE) for $1.35, up 228% with the stock at $26.20.
  • NFX – Sold 15 of 20 NFX October $45 calls (NFXJI) for $1.95, up 63%. Still raising a little cash.
  • Sold 100 of the HK $26 Calls for $0.55, up 128% to my average cost.
  • SWN – Sold the last (15) SWN October $45 calls for $1.25, up 245%, with the stock at $46. I may add to the November position started yesterday in a little while.
  • NFX – Sold the remaining October $45 calls for $2.80, up 151%.
  • WLL – Sold all 20 contracts of the October $60 calls (WLLJL) for $1.95, up 64%. I continue to hold the November $65 calls.
  • SWN – $47 Nov Calls sold for $4.20, up 107%
  • Out on 15 BEXP Oct $10s for $0.20, down 67%.
  • Small October Call positions in TSO, APC, and SD expired worthless

Wrap Comments Will Be Included in the Monday Post:


5 Responses to “Wrap – Week Ended 10/16/09”

  1. 1
    Wyoming Says:


  2. 2
    Wyoming Says:


  3. 3
    zman Says:

    Suicide bombing in Iran claims 5 Revolutionary Guard leaders, Ahmad promises swift retaliation and accuses U.S. of being behind the attack:


  4. 4
    West Says:

    “Brigham was drilling out frac plugs”, Z, I was just saying I have never seen a company report an IP while drilling out frac plugs. Although there is no established “normal” IP standard this just strikes me as very unusual method to determine IP. It will be interesying to monitor the production but if it is on confidential status they do not have to publicly report production for 6 months…………This does point to the conformation that the large mutli-stage fracs will lead to higher EURs on comparable wells in the same area. It also confirms the economic potential for a huge new area of the Williston Basin.

  5. 5
    zman Says:


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