Wednesday, April 23, 2008

NET LIQ VALUE: $28,502.23

scene: I'm in Atlanta's airport connecting to a flight for Cancun. I call my broker and SHLD shot up to about $103-104 on goo d earnings from other co's. I'm pussying out and told him to cover my 5 April naked calls at $3.7. I sold them at $2.10. So, 500 x (3.7-2.1) = $800 loss. And I find out later that it opened higher on monday then retreated to below the strike of $100. I'm a fucking idiot. SHLD is trading today afterhours at $95. I could've been up $6,000 on this baby.

Lesson learned. ;(

Sold 5 naked calls of RIMM at $1.05

EXEC TIME SPREAD SIDE QTY SYMBOL SPC EXP STRIKE TYPE PRICE NET PRICE
4/23/2008 9:08:58 AMSINGLESELL-5RIMM100May 08140CALL$1.05$1.05

Option holdings:
BBYFWBBY 100 JUN 08 47.5 CALL-5$0.95($475.00)
KTQFYSHLD 100 JUN 08 130 CALL-5$0.45($225.00)
URQRXURBN 100 JUN 08 22.5 PUT5$0.15$75.00
SQXEVSBUX 100 MAY 08 21 CALL-5$0.04($20.00)
RULEHRIMM 100 MAY 08 140 CALL-5$0.845($422.50

I'm looking to sell a few naked calls on Blockbuster.

No comments: