Archive for the ‘Rick Position - Update’ Category
Tuesday, January 20th, 2009
I had a limit order in to sell Feb $42 calls @ $2 each. Somehow it hit this morning and I got it off. That premium really gives my position a kick in the pants (annual percentage wise).
Purchased: 100 @ 42.50
Initial Option Income: $1.40
Feb Option Income: $2.00
Other Option Income: $0.00
Expected ...
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Tuesday, January 13th, 2009
Today I bought back the Feb $7 calls that I sold against my 200 shares of UYG. I sold them at $0.55 and bought them back at $0.15. I did this because I feel the market is at a depressed state and I can sell them again at a higher ...
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Tuesday, January 6th, 2009
Today I had my first decision on whether to sell the near month option or go out to February. I currently hold 200 UYG. If I were to sell the Jan $7 for $0.15 I make nearly nothing after commissions. If I sell the Jan $6 and get called, I ...
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Tuesday, January 6th, 2009
Today I sold 2 Jan $30 strike contracts on two of my three SSO positions. I should have done it this morning but it never got to my limit so I sold it while the premiums were still decent.
Position 1:
Purchased: 100 @ 33.85
Initial Option Income: $5.30
Jan Option Income: $0.45
Other Option ...
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