Saturday, February 20, 2010

1099 for 2009

This is the bottom portion of my 1099 from 2009. It will take me a while to correctly construct an Excel sheet so I can break it down trade by trade. However, the bottom line results are pretty much in line with what I thought. For every dollar lost in my long portfolio (-$31,986) during the financial crisis, I made it back with options. The total for the year is (-$683), which means option profit was about $31,300. I knew I was close to break even because I remember liquidating most of the positions as my account balance neared its pre-crisis level. However, at the end of 2009 I still had about $30,000 of MTM unrealized gains. I'm the first to admit that a MTM gain means dogshit, realized gains are all that matters to me for record keeping or comparison purposes. So 2009 was a net loss and that $30,000 will be gains in 2010 unless I lose it before they expire.

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