RE: DIA
Posted by Jack Haddad on January 14, 2008 at 11:07 am
Sold the 13 blocks I added on 1/10/08 at 22.99. I had bought the shares at 22.44. Also, bought back 1300 Jan strike 22.50 calls at .94/contract. I had written the contracts at .78/contract. My net gain for this transaction is .39 cents/share times 130,000 shares. Since there was only 1 week left to expiration, the decay on the time value of the calls helped tremendously in this upside, thus locking a good profit.
Be advised I still own 14 blocks.
New: Join my personal mailing list for instant trade updates.
Related Posts:
- No related posts
Filed Under Random and Stock Insight and Stock News and Stock Trades and Uncategorized |
Subscribe to the Blog
|
Recieve Blog Updates by Email!
----------------------------------------
I think you mean .39 dollars/share
.39 cent would literally mean less than 1 cent a share. You mean $0.39
Don’t think so…that’s what we go by here at Schwab:) It’s .39 cents/shares