Thursday, April 16, 2009

Slow and Steady

The portfolio was up today $643.10 while the DOW and S&P 500 were up 95.81 and 13.24, respectively. GOOG came out today as expected and killed earnings. Stock was up over $10 for a second in the AH, not sure where it will end up.

Nothing big going on with the portfolio. All the options that I have expiring this Saturday were relatively quiet and they look like they will all expire worthless (this is good because I am short all of these options).

Whats next? I still like MS but I'm not sure it going to impress during earnings. I would have liked to sell a covered call against it for April @ $30 but missed my chance with MS sliding almost $5 in 3 days. If I see it go up some more, I'll sell a covered call against it a couple months out at $30 or $35.

No trades again. I'm sorry I'm not making moves but only one more day until all these options fall off the map and I can properly assess my Value At Risk (VAR)

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