SSO - Update Position
Written on January 29, 2009 – 1:04 pm | by admin
Into yesterday’s rally, I sold the $27 strike for one of my SSO positions. If I get called away, I will have a slight loss. I’m not expecting SSO to get that high but I wanted some premium this month. Hopefully SSO closed the option period at 26.75. That would be nice.
Purchased: 100 @ 30.50
Initial Option Income: $1.95
Feb Option Income: $0.45
Other Option Income: $1.00
Expected Return: -2.31%
Tags: SSO
