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 ...
Posted in Rick Position - New | No Comments »
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 ...
Posted in Rick Position - New | No Comments »
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 ...
Posted in Rick Position - Closed | No Comments »
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 ...
Posted in Rick Position - New | No Comments »
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 »
