I bought an options contract on Citigroup (C) today. I'm still trying to figure out options. They say the more you do them the more you'll understand them. I only bought two call contracts for $0.39 at the $4.00 strike price in March of 2011. So $4.39 is my break even point. It appears to be bouncing off its 50 day SMA. If anyone knows options and wants to put their two cents in on this transaction, feel free.
Also, I may sell INTC in my other account today to buy something else. I'll update if I do.
I sold INTC in my other account for $21.11 and a near 7% gain. I bought the GLD at $135.63.
If Apple doesn't start to take off, I'm gonna sell half my Apple shares and buy Amazon with it. I wish I would have done that when Amazon was bouncing off its 50 day SMA two weeks ago. It's up about 10% since then. Now I have to wait for it to come back down.
After yesterday the scoreboard reads:
Me 17.96%
S&P 6.52%
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