Sorry for the no post last night. I was too depressed to blog. The portfolio was down for the third day in a row $664.36. The DOW was up 47.55 and the S&P 500 was up 9.61. A lot of my positions ran against me pretty hard last night. No trades today or dividends
Thursday
Big news in the market today. Wells Fargo came out with a surprise earnings call saying that they made $.55 a share, more than double analyst estimates. This good news sent the futures market up before the bell. Well the good times never stop rolling with lower than expected unemployment numbers and the possibility of a not so bad earnings season. The DOW finished up 246.27 points and the S&P 500 finished 31.40 points higher. Portfolio didn't do so bad either finishing up $4,769.18.
This was a monster day for me and I managed to get a few trades in today.
- Sold to Close BYOEI for $1.10 for a 29.41% gain before commissions
- Sold to Close MSDI for $.75 for a -16.67% loss before commissions.
- Sold to open BYOPH BAC April 09 $8 Put for $.23. Up right now 7.84%. I am going to try and hold this till expiration. Its a put that I don't think will ever get assigned so I'm looking for a 100% gain here before commissions
I'm including the RECAP here today because the markets are closed tomorrow for Good Friday
Portfolio up $1,950.92
DOW up 65.69
S&P 500 up 14.06
Trades 3
Trades Closed 2
Winners 1
Losers 1
Dividends $0
Open Trading Positions:
BAC Jan 10 $40 Call (WBAAH) -72.41%
PNC April 09 $86.50 Call (NJPDQ) 74.96%
MS April 09 $16 Put (MKXPP) 62.69%
BAC April 09 $8 Put (BYOPH) 7.84%
AA April 09 $7.50 Put (AAPS) 71.13%
Might post this weekend.....See you on Monday if I don't
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