Saturday, January 31st, 2009
Thanks to some adivce from covered callers, I dumped my DRYS position after its 20% fall on Thursday. I bought my $10 strike back for $1 and sold my shares at $8.865.
Bought 300 DRYS @ $11.95 ($7 commission)
Sold Feb $10s @$2.60 ($10.75 commission)
Bought Feb $10s @$1.00 ($10.75 commission)
Sold 300 DRYS ...
Posted in Lessons, Rick Position - Closed | No Comments »
Thursday, January 29th, 2009
Yesterday I initiated a position in DRYS. Today I am terrified that I own it. Stupid. I'm looking for ideas on this one.
Buy: 300 @ $11.95 ($7 commission)
Initial Investment: $3592.00
Sold: $10 strike @ $2.60 ( $10.75 commission)
Net Investment: $2822.75
Expected Return: 5.42% (not anymore)
Anyone got advice on what to do?
Posted in Rick Position - Open Orders | No Comments »
