Archive for March, 2009
Thursday, March 12th, 2009
Just like I did for the SSO, I sold my calls for my EEM position when the S&P was around 741.
Purchased: 100 @ 27.10
Initial Option Income: $1.08
Mar $24 Option Income: $0.34
Other Option Income: $0.60
Expected Return: -5.71% (-20.95%)
Last Period Expected Return: -3.17% (-17.58% annually)
Option periods held:3
* All return after buy and ...
Posted in Rick Position - Update | No Comments »
Thursday, March 12th, 2009
Like I said I was going to do a few days ago, I sold my remaining calls when the S&P got to 741. Seeing that the market ran another percent and a half, I may have to roll these positions. Hopefully the market will take next week off and not ...
Posted in Rick Position - Update | No Comments »
Tuesday, March 10th, 2009
Into today's strength, I took the opportunity to roll my position forward even though it had little to no chance of being called away in 10 days. I rolled it for 2 reasons. This market is going up today based on "strong" financial news. Citigroup said they were profitable for ...
Posted in Rick Position - Update | No Comments »
Monday, March 2nd, 2009
Today I sold my lone hedge, a March $80 SPY put. That is a bet that the S&P ETF, SPY, will be below $80 on March 20th. I sold it today when the market was making its first attempt below 710. I purchased the single contract on Jan 21st for ...
Posted in Trading | 2 Comments »
