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Tuesday, May 17, 2005

Update 7: Live Action: HPQ calls

Hewlett-Packard (HPQ) issued Q2 2005 earnings release.

Quarterly revenue of $21.6 billion, analyst estimates $21.35B ($20.61B – $21.56B).
Non-GAAP operating profit of $1.3 billion, $0.37 earnings per share, analyst estimates $0.36 ($0.34 – $0.37).

Business outlook:

HP estimates Q3 FY05 revenue will be in the range of $20.3 billion to $20.7 billion, with non-GAAP earnings per share in the range of $0.29 to $0.31. This excludes after-tax costs of approximately $0.03 per share from amortization of purchased intangible assets and approximately $100 million, or $0.03 per share, in workforce reductions.

Analyst estimates were $20.39B ($19.80B – $21.07B) for revenue and $0.32
($0.28 – $0.39) for earnings.

HPQ is trading at $22.55 at the moment in after hours.

About my position:
I sold half of it a minute before closing with $1.65 for calls and $0.15 for puts. That made the total cost for the straddle $1.80. I got 26.32% profit for the first half of the position.

I will sell the other 50% of my position tomorrow. If HPQ should stay at the current level, the calls would cost about $2.55 and puts would be worthless. That would make about 80% of profit for the second part of the options position. Nevertheless, this is imaginary profit until I can make the transaction tomorrow. Right now, there is nothing I can do, but wait.

See also:
Yahoo: HP Reports Second Quarter 2005 Results
Update 6: Live Action: HPQ calls
Live Action: HPQ calls


Anonymous PENNY STOCKS said...

Live action allright.

12/03/2012 01:23:00 PM  

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