Thursday, February 14, 2008

Position Update

Yesterday, the general market had another positive day (3 consecutive positive days. The charts showed that the market seems to start a rally and not testing the low of January 2008. Given the current market sentiments and looking at the charts, I closed all my positions yesterday with mixed results:

SPY - Bear Call Spread Feb 133/136 Call @$2.48 (Loss 65.3% 5 market days)
BSC - Bear Call Spread Feb 85/90 Call @$0.05 (Profit 57.1% 6 market days)
COF - Bear Call Spread Feb 50/55 Call @0.40 (Profit 64.3% over 7 market days)

- PersianCat (Millionaire-in-progress)

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