Today is the end of Q1 for 2009 and according to all the articles I have been reading, a wacky day for the markets. Funds are trying to wrap up the quarter with a profit and have been trying to load up on rising stocks to make their portfolios look good. Perfect time for me to load up on options on a down day (yesterday) to sell today. One trade today.
Bought to open BYOEW May $7.5 call for BAC @ $.90 1:01:43 pm 3/30/2009
Sold to close BYOEW May $7.5 Call for BAC @ $1.10 2:06:27 pm 3/31/2009
Gain of 17.60% after Commissions (22.22% before commissions). Not bad for one day.
DOW up 86.90
S&P 500 up 10.34
Portfolio up $1,873.76
Looking to load up tomorrow on a gap down early or later in the afternoon to sell on Thursday or Friday after the mark-to-market meeting on Thursday.
Tuesday, March 31, 2009
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