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 »
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 ...
Posted in Rick Position - Update | No Comments »
Monday, January 5th, 2009
Today I opened a position in AA. I entered the buy/write transaction on Friday and didn't get filled. I got filled this morning. The details:
Buy: 200 @ $11.67 ($0 commission)
Initial Investment: $2334
Sold: $10 strike @ $1.95 ( $5.50 commission)
Net Investment: $1949.50
Expected Return: 2.30%
I am ok with holding this for a ...
Posted in Rick Position - New | No Comments »
