Tuesday, December 2nd, 2008
Today I opened another position in BAC (Bank of America).
Buy: 200 @ $13.55 ($7.00 commission)
Initial Investment: $2717
Sold: $2.50 strike @ $11.00 ( $9.50 commission)
Net Investment: $526.50
Expected Dividend: $64.00
Expected Return: 3.87% (-7.92% if called before 12/3)
I see this as almost no risk money. No person buys ...
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Monday, December 1st, 2008
Today I opened a position in BAC (Bank of America). I was looking at this stock because it goes ex-dividend on 12/3 and was yielding around 8%. Since the market is so volatile these days, I wanted a stock/option combination that provided good downside protection while still giving a good ...
Posted in Rick Position - New | No Comments »
