More Trades

The three contracts from my Dec 9th trade is doing ok right now. Here it is if you don't remember....

Sold Short 3 BAC Jan 10 $15 puts (BYOMO)

up $20.74 or 10.96% so far.

I also made a trade which hopefully won't turn out to be crazy. I know you should never say hopefully as an investor/trader and I would be sad if this blows up in my face.

Bought to Open 5 MS Jan 10 $31 calls (MSAH) @ $.97 or $498.76 cash outlay including commissions. I need MS to turn around and start going up.

Update on my 3 covered calls on AA. AA has been on a tear as of late and it jumped over the $14 strike I sold on 11/25 for $.15. Unless something turns around with AA, it looks like I'll be called away on this trade just like my earlier 200 shares of AA a couple of months ago.

If I end up getting assigned I will have made $617.27 or 16.02% return on my money or 42.82% annualized gains off of a 137 day holding period....and it definitely looks like I'm getting assigned.