Tuesday, August 30, 2011

I sold the rest of my GMCR Sept $100 calls today for $7.00. Yesterday I sold half for $4.10. That's an average price of $5.55 after I bought them for $1.91. More than 150% gain. It was excruciating trying to decide whether or not to sell. I decided to take profits and buy a GMCR Sept. $110 call for $2.18 just in case this stock hits $110 like it did back on Aug. 3. I have the $110 call in my Roth IRA. My 10% fund is going to really jump on the scoreboard tomorrow. I bought the same amount of calls in it as I did in my Roth. I don't have near as much built up in my 10% fund as I do in my Roth.

I also sold my NFLX put for half price as it was up 5% today and has risen above its 200 day SMA. I still have my SDS calls just in case the market tanks. They are down 12 cents today.


The market didn't exactly bust through resistance today as you can see in the chart below. Here's hoping it keeps going up since I'm so heavily invested in YACKX and I still have my LULU Sept $60 calls. They finished at $1.85 today. I bought them at $0.55 on 8/23.




10% Fund 16.72%
Jody's Roth IRA 9.99%
Ryan's Roth IRA -6.29%
S&P -3.78%




No comments:

Post a Comment