Archive for the ‘Rick Position - New’ Category
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 »
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 »
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
Yesterday I initiated a position in FXI (China ETF). I have done this as China is showing good relative strength compared to our markets. While the economic numbers from China are of questionable integrity, their own stimulus package may help take them from the bottom. This position is way below ...
Posted in Rick Position - New | No Comments »
Friday, February 6th, 2009
While I have been trying to stay away from the banks, I decided that I would initiate a position in Bank of America today. Over the past 2 days, it has plummeted to a low of 3.77 on tremendous volume. With the news about BAC maybe being "forced" to buy ...
Posted in Rick Position - New | No Comments »
Saturday, January 31st, 2009
As I said in my last SSO post, I had entered orders again at $21 & $22. On Friday, my $22 got hit and I own 6 shares of SSO again. I use Zecco for this so the trade is commission free. I have orders to buy more at $14, ...
Posted in Rick Position - New | No Comments »
