Sorry I didn't post yesterday guys. I had a softball game (we won) and when I got home I was ridiculously tired. I managed to watch Thursday and Wednesday's Fast Money and then last night's episode of Bones and then I passed out. I'll just keep you updated on my one trade and some positions.
I sold short AA April $7.50 puts (AAPS) for $.44
What this trade is saying is that I think AA is going to continue going up and in the third week of April, when my put matures, it will expire worthless and I will keep the $.44 per share. If AA manages not to move higher and then comes back down, I will be obligated to buy the shares for $7.50. As long as AA stays at or above $7.06, I will be in the money. AA will be one of the first to kick of earnings season on the 7th.
The following are totals and not daily percentages
MSDI -13.09%
BYOEI -8.93%
WBAAH -80.69%
MKXPP 24.41%
AAPS -3.74%
Looks like I have work to do
Friday, April 3, 2009
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at least your English isn't as bad as Pondering Adam's.
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