What Worked and Sucked Today 4282008

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April 28, 2008

Worked:
Being long the indexes. The indexes yielded a little less than 1% gain today.

XLF – Back up. I sold a portion of the XLF calls to raise cash for a speculative call option trade in Glassworks – GLW.

GLW – Bought June 25′s. ITM @ 1.8 I just got a new tv so business must be good for them. :) They report tomorrow morning so we’ll now before the market opens if this was a good trade or not. There was swamping call volume over open interest in different strike prices.

Sucked:
Sold my WFR call position. Lost around 85%, but I sold them this morning before WFR dropped another 2% on the day. Kind of a good save.

Bought JOYG and JOYG June 80 call options.




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  • http://www.stockrake.com Sensei

    Oh yeh DAR sucked too.

  • http://www.stockrake.com Sensei

    Oh yeh DAR sucked too.