Monday, January 21, 2008

Position Updates

The market was up when market open last Friday. As I do not think that the market can hold, I patiently wait to close my position (it was negative when market opened). Managed to close the following at a profit:

  • Sell to close STX Jan 20 Put for an average of $0.25. Profit at 25.0%.
  • Closed STX Bear Call Spread @$0.05. Profit at 113.0% (I sold the in-the-money spread on Thursday with little time value. What I gained is mostly the intrinsic value).

- PersianCat (Millionaire-in-progress)

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