Wrap – Week Ended 3/5/10

People Say The Nicest Things Watch:

Z –  absolutely brilliant call on the Rose calls yesterday, best I’ve ever seen. ~ RobBanks

Holdings Watch: It was a pretty good week.

ZCAT (Zman Catalyst portfolio, formerly the $10KP II):

• $21,200
  
• 45% Cash
  
• Positions are updated on the ZCAT, ZIM, ZLT page.
• Closed Trades Last Week:
  • WLL – Sold the (5) March $75 calls for $3.20, up 109%.
    
  • ROSE – Sold 2/3rds of my March $22.50 ROSE Calls (40 calls) for $1.35, up 104%, with the stock at $23.25. I continue to hold the other 20 of these, the April $22.50s.
  • MMR  – Sold the 20 MMR MARCH $17.50 CALLS for $1.30, up 71%.
  • BEXP – Sold 20 (half) of the BEXP $17.50 March Calls for $0.85, up 16%.
    
  • ROSE – Sold the remaining $22.50 March Calls for $1.50, up 193%.
    
  • EXXI - Sold the (2) March $15 calls for $6.30, up 16%.
  • ROSE – Sold the 10 April $22.50 calls for $2.30, up 106%

ZIM (Zman Inefficient Markets portfolio)

• $12,900
  
• 100% Cash (No positions)
  
• Positions are updated on the ZCAT, ZIM, ZLT page.
• Opened and Closed Trades Last Week:
  • ROSE – Monday - Added (50) $22.50 Calls for $0.20 with the stock at 20.10, up 7%, prior to their conference call. See the post for details on the earnings and ops update released on Friday. Also see the post for guidelines on the ZIM (Zman Inefficient Markets portfolio). I expect ROSE to provide additional detail on the call today on their Alberta Bakken position and tests and may add a second tranche of options later in the day. I own these in the other options portfolio already and I own the common.
  • ROSE – Monday - Sold half (25) of the March $22.50 calls for $0.60 on the mid and easily, up 187% with the stock at $21.70. Call going very well but time to play with “house money”.
  • ROSE – Tuesday - Sold the second half of yesterday’s position (25 calls) for $1.00, up 378%, with the stock at 22.50.

 ZLT (Zman Long Term portfolio)

• Had a good well. We closed the position in WRES, up 30% since entry last May.

 Wrap Comments Will Included In The Monday Post: