Tuesday, June 2, 2009

Monday and Tuesday update first days of June

Tuesday

DOW up 19.43, S&P 500 up 1.87 and the Portfolio was down $176.89. No trades again today. I tried to close three positions today and run away with my profits but never made a move. Here is how they closed

Short AA June 09 $8 Put (AARH) 68.07%
Short GE Sep 09 $15 Call (GEWIH) -3.64%
Short GE Sep 09 $16 Call (GEWIQ) 14.86%

Everything else was pretty unchanged. I'm probably going to leave all trades in play and clean them up on Monday. Still not sure on the direction of the market so I'm probably not going to make too many moves until option expiration in 2 1/2 weeks.

Monday

Missed a day yesterday. Sorry about that. Not a big day for the portfolio for Monday June 1st but a huge day for the indexes. DOW up a huge 221.11, S&P 500 up a huge 23.73 points and the Portfolio was up $428.50.

No trades today. Just trying to buy back my AA June $8 put (AARH) to close it out but it never went down far enough. Third day up for the indexes in a row.

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