Archive for the ‘Rick Position - Update’ 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 ...
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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 ...
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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 ...
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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. ...
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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 ...
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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, ...
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Thursday, January 29th, 2009
Into yesterday's rally, I sold the $27 strike for one of my SSO positions. If I get called away, I will have a slight loss. I'm not expecting SSO to get that high but I wanted some premium this month. Hopefully SSO closed the option period at 26.75. That would ...
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Monday, January 26th, 2009
Last Friday I made the decision to sell a lower strike price for my EEM. I put an order in to sell the Feb $25 and it was taken on this mornings pop. If I were to get called away at $25, I would be at a 3.17% loss for ...
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Thursday, January 22nd, 2009
Last week I said I was going to scale into a position in SSO until I felt the time was right to turn it into a covered call. Shortly after I bought my first shares at ~$22, the market rallied and my shares went up 6%. Since this was in ...
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Tuesday, January 20th, 2009
I sold some Feb $10 calls on my Alcoa position. I'm not waiting for better premiums for one main reason. My annual percentage return went up for the price I sold them at today and I'm hesitant that we will get much of a bounce. I would rather lock in ...
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