Tuesday, January 13th, 2009
Today I bought back the Feb $7 calls that I sold against my 200 shares of UYG. I sold them at $0.55 and bought them back at $0.15. I did this because I feel the market is at a depressed state and I can sell them again at a higher ...
Posted in Rick Position - Update | No Comments »
Tuesday, January 6th, 2009
Today I had my first decision on whether to sell the near month option or go out to February. I currently hold 200 UYG. If I were to sell the Jan $7 for $0.15 I make nearly nothing after commissions. If I sell the Jan $6 and get called, I ...
Posted in Lessons, Rick Position - Update | 1 Comment »
Thursday, December 11th, 2008
I believe that I will not get taken out of my 200 shares of UYG at $7.00 this month. Knowing that I will be holding these for a while, I placed another order to buy 200 more shares of uyg at $4.00. Should I get taken out, I will look ...
Posted in Rick Position - Open Orders | No Comments »
