Friday, January 4, 2013
Short NLY Jan 19 '13 $16 Put @ $1.31...
Potential return of +8.1%...
Effective purchase price of $14.69 if assigned...
Dividend yield of 12.26% if assigned...
Hoping it will break above 3 month resistance!
Sold 66% of FOLD @ $3.70...
Loss of -$1.04 per share, or about -23%...
Kept some shares for longer term trading in case of a rebound.
Learned a very valuable lesson: biotech puts could be toxic - especially if you don't read press releases carefully...
Short TGB Jan 19 '13 $4 Put @ $0.86...
Potential 21.5% return on options expiry...
Effective purchase price of $3.14 if assigned...
I noticed a tonne of call open interest and comparatively few puts, so the market may gravitate towards the upside.
P.S. Here's a snapshot of open interest as of now. Note thousands of contracts on the call side and only hundreds of contracts on the put side.
Short TC Jan 19 '13 $5 Put @ $0.90...
Potential return of 18% on options expiry...
Effective purchase price of $4.10 if assigned...
Wednesday, January 2, 2013
Short AES Jan 19 '13 $12.50 Put @ $1.55...
12.4% potential return...
Effective assignment price = $10.95...
P/S way below 1...
Kicked the Can Down The Road: Three More Fiscal Cliffs Are Looming...
If it doesn't make sense when translated into Chinese, it doesn't make sense in Congress...
Fiscal Cliff Deal: Three More Fiscal Cliffs Are Looming (Courtesy CNN...)
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