Archive for February, 2009

Alcoa (AA) - Update Position

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. ...

BAC - Close Position

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 ...

February Expiration Wrap Up

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 ...

Current Holdings

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 ...

FXI - Close Position

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 ...

Historical Performance

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 ...

SSO - Position Update

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 ...

SSO - Open Position (Partial)

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+% ...

SSO - Position Update

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, ...

SSO - Close Position

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,  ...