Archive for February, 2009
Tuesday, February 24th, 2009
I took the liberty of selling my Acloa (AA) March calls into today's rally in the general market. While this bounce may go further, I do believe that it will be short lived and that we will go through or bounce around the November lows in the S&P. ...
Posted in Rick Position - Update | No Comments »
Monday, February 23rd, 2009
Today before the market open, I closed my position in Bank of America. Last month I bought BAC at $6 and sold the $4 strike for $2.28. Last Friday BAC closed at $3.79 and I wasn't exercised. Luckily, the financial sector rallied to open the day and I sold out ...
Posted in Rick Position - Closed | No Comments »
Sunday, February 22nd, 2009
Here is what transpired during the Feb option period. Again, my current positions and historical positions are on my blog for all to see. Just check the upper right corner for the links.
Existing Positions on January 19, 2009: SSOx3, TBT, UYG (ugh), EEM, AA
Positions Opened During Period: 5
Positions Closed: 3
...
Posted in Month End Review | No Comments »
Friday, February 20th, 2009
Since I added the historical performance page, I have also added a Current Holdings page to track what is currently in my portfolio. I haven't added a place for my cash position. That will take some more work. I am also working on a better layout/design for the page. Right now, the ...
Posted in Miscellaneous | No Comments »
Friday, February 20th, 2009
I had originally sold a Feb $24 strike against FXI, the China ETF, when it was above $27. It was a small return but in 2 weeks, I didn't think the markets could drop 15+%. Today, FXI broke below $25 and is currently at $24.70ish. Zecco has advanced option ordering ...
Posted in Rick Position - Closed | No Comments »
Monday, February 16th, 2009
This weekend I finally got around to creating a page to show my historical performance. You can currently find it in the upper-right corner of my blog. Or you can click this link and it will take you there. It is pretty ugly looking in its current form. It also ...
Posted in Miscellaneous | No Comments »
Friday, February 13th, 2009
This morning I sold part of my etf position in SSO that I had bought at $21 & $22. I sold the 7 shares I bought yesterday at the day's low around $21. The market wasn't acting the way I thought it would (rally from the start, it actually looks ...
Posted in Lessons, Rick Position - Update | No Comments »
Thursday, February 12th, 2009
Three days ago, my order to buy 6 shares of the SSO etf was triggered at $22. Today, my order to buy 7 shares at $21 was triggered. I was debating whether or not to sell my 13 shares at the end of the day and lock in a 4+% ...
Posted in Rick Position - New | No Comments »
Friday, February 6th, 2009
Into today's rally, I sold 2 Feb $26 strikes on my remaining SSO positions. While this strike would put me at a loss for the position if I get called away, I will take my premium now and hope the market doesn't get there. since I don't trust the rally, ...
Posted in Rick Position - Update | No Comments »
Friday, February 6th, 2009
I've had orders in my Zecco account to buy SSO at levels of $22 and below. These orders have gotten hit a few times and last weeks swoon, my $22 order got hit. Today I sold ALL 6 of my shares at $24. While it was only $12 in profit, ...
Posted in Rick Position - Closed | No Comments »
