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28 Apr
Posted by Sensei @ 11:19 pm on Monday, April 28th, 2008 in Trades, What Sucked Today, What Worked Today
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.
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Bought JOYG and JOYG June 80 call options.
Tags: call-options, glw, joyg, ndx, rut, wfr, xlf
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