Thursday, July 30, 2009

F

I used the bounce today to close out the Sep $5 covered call on F. I left .07 of $1.10 on the table, but taking in 93% of the possible gain in 50% of the contract time works for me as of today for some reason. Yesterday leaving .08 on the table was out of the question, so I'm neurotic. I had 20 contracts so a profit of roughly $2000 on a $7800 investment, a 25% return in two months. If only they were all happy endings.

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