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%


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