BAC - Close Position

Written on December 4, 2008 – 8:09 pm | by admin

All of my BAC positions were closed.  I did not get the dividend so I ended up losing the commissions plus a little bit for my second open position.  I am not going to break this one down in great detail because there is nothing to learn from this trade besides if you are risking money based on something, you better know how that something works.

Quick details:
600 shares total.  Investment of $1500.  Loss of $109 or 7.26%.

Needless to say, the selling of deep ITM calls hoping for dividend strategy will not work.  Its not worth the risk.

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