Thursday, December 17, 2009

Not good not good

Market has been tanking this week and my portfolio has been going down with it. A couple of trades to report.

12/16 - Bought to Cover 3 BAC Jan 10 $15 Puts (BYOMO) for $.45 for a profit of $17.49, 10.62% or 553.59% annualized.

12/16 - Sold Short 2 MS Jan 10 $33 Calls (MSAA) for $.31. Up 22.45% so far.

The calls I bought on MS which I figured might be a mistake is turning out to be a huge mistake so far. Down 47.87% so far.

12/17 - Sold Short 3 BAC Feb 10 $15 Puts (BYONO) for $.88. This is really the same position taken earlier but I took my profits in the January contract and just rolled it out one month to February to give me some extra time to be right and lower my risk

Collected $46.60 in dividends from PGH and OLN in the last two days. I have collected $647.67 in dividends so far this year.

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