GE - Open Position

Tuesday, December 23rd, 2008

Today I opened a 300 share position in GE (General Electric).  I did this in two transactions because I blanked and only set my order to 1 contract instead of 3 so I went back and bought another 2.  The second 200 were at a better price so it helps ...

MO - Open Position

Saturday, December 20th, 2008

I opened up a position in MO (Altria Group) this past Thursday (sorry for the late update).  I sold the Jan $14.  I am very concerned with how the market will react once the year changes and so I wanted a rather defensive position to start me off.  It is ...

BAC - Close Position

Thursday, December 4th, 2008

All of my BAC positions were closed.  I did not get the dividend so I ended up losing the commissions plus a little bit for my second open position.  I am not going to break this one down in great detail because there is nothing to learn from this trade ...

BAC - Open Position

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 ...

BAC - Open Position

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 ...