You know what they say " Buy the pull backs, sell the ralley"
I am closing the following positions:
1) 10 short puts on RIMM @ $60 strike Sep 09 expiry. Sold at $3.10 and bought back at $2.17 for a 30% gain.
2) 10 short puts on MSFT @ $17 strike Octt 09 expiry. Sold at $0.58 and bought back at $0.50 for a 13.79% gain.
3) 10 short puts on AA @ $7.5 strike Oct 09 expiry. Sold at $0.67 NS bought back at $0.56 for a 16.41% gain.
I continue to hold my 10 short puts on GE at the $11 strike with Sep 09 expiry. I am up about 62% on this position so far. I am going to take this one all the way to the bank. I sold them orignally for $1.56 per contract and they are currently trading at $0.59 per contract. This is my only position open. I will be very limited on positions I add to my account over the next few months as I finish the training for SMB capital.
Showing posts with label Positions close (share performance). Show all posts
Showing posts with label Positions close (share performance). Show all posts
Monday, June 1, 2009
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