Wednesday, June 10, 2009

Up Early Then Down

The indices all start up early but are unable to hold on to their early gains. The DOW was down 24.04, S&P 500 was down 3.28 and the Portfolio was down $36.80. The Portfolio was up with the rest of the market early almost $500.

I made two trades today. Both of them were closing out those previous positions in GE. Here is how they shook out after commissions.

Bought to Close GE Sep 09 $15 Call (GEWIH) 6.78%
Bought to Close GE Sep 09 $16 Call (GEWIQ) 31.91%

Nothing that is going to shake up my portfolio, but gains are gains.

I also closed out my MS covered call today. I will post a picture of how I've used options to lower my cost basis on this trade on my way to making 100% (hopefully).

OLN dividend should hit tonight of around $20. Feels good getting some dividends again.

No comments:

Post a Comment