Thursday, March 12th, 2009
Just like I did for the SSO, I sold my calls for my EEM position when the S&P was around 741.
Purchased: 100 @ 27.10
Initial Option Income: $1.08
Mar $24 Option Income: $0.34
Other Option Income: $0.60
Expected Return: -5.71% (-20.95%)
Last Period Expected Return: -3.17% (-17.58% annually)
Option periods held:3
* All return after buy and ...
Posted in Rick Position - Update | No Comments »
Thursday, March 12th, 2009
Like I said I was going to do a few days ago, I sold my remaining calls when the S&P got to 741. Seeing that the market ran another percent and a half, I may have to roll these positions. Hopefully the market will take next week off and not ...
Posted in Rick Position - Update | No Comments »
Friday, February 20th, 2009
I had originally sold a Feb $24 strike against FXI, the China ETF, when it was above $27. It was a small return but in 2 weeks, I didn't think the markets could drop 15+%. Today, FXI broke below $25 and is currently at $24.70ish. Zecco has advanced option ordering ...
Posted in Rick Position - Closed | No Comments »
Friday, February 13th, 2009
This morning I sold part of my etf position in SSO that I had bought at $21 & $22. I sold the 7 shares I bought yesterday at the day's low around $21. The market wasn't acting the way I thought it would (rally from the start, it actually looks ...
Posted in Lessons, Rick Position - Update | No Comments »
