Affymetrix Inc
Option Trade Blog

Title: Affymetrix Inc Option Trade Blog

Blog Date: 23 Mar 06

Business Description: Business Nature - Affymetrix, Inc. engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the areas of life sciences and clinical healthcare. Its customers include hospitals, imaging clinics, and private practices, as well as healthcare organizations and pharmaceutical companies. The company sells and services its products through a combination of direct sales and service force, and a network of independent distributors in the United States and Belgium.

Symbol:   AFFX

Option Symbol:   FIQCG

Option Description:   Type: Call ,   Expiration: Mar,   Strike Price: 35    

Reason for Initiation:   Down trending, down by about 30% in 1 year. Sold call at gap down on 28 Feb 06.

Action:   Short call (equivalent to short selling stock)

Details:  Sold to open position on 28th Feb 06, held till expiration which was on 17 Mar 06.

Result:   +ve

Reason for Closing:   NA. Option expired.

Comments:
* Good initiation.
* Price move down steadily till expiration.
* Set trailing stop-loss all the way.
* Conclusion: Nice.
* Action Plan: Keep in view for next spike and opportunity to repeat the same process.

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