Thursday, December 13, 2007

Open Positions - An Update

Sell to close MER Jan 60 Put @$6.40 (when the stock is around $55.90)
  • Profit = 100% (Over 3 market days)
  • Close this position earlier to lock-in my profits

Buy to close the TGT Bear Call Spread Dec 55/60 @0.30 (when the stock is around $51 ++)

  • TGT have a strong support (52-week low at $50.25). Close this position because I am not willing to wait for another 6 days to collect the $0.30 per options. Could better utilise the funds for another play.
  • Profit = 36.2% (over 5 market days)
Buy to open MER Jan 55 Put @$3.30 when the stock is around $56.80.

- PersianCat04 (Millionaire-in-progress)


1 comment:

Alex said...

Wow, 100% profit. Congratulations !