Week of March 8, 2010

WOW... is all I could say for this week. What a run for finance related stocks.

I managed to close one of my positions.

My current stand are:
Short positions:
AIG March 20 2010 30 Put @ $4.45 - Closed at $0.25. (~13% net gain..Hooray)
AIG May 22 2010 33 Put @ $7.15 (currently traded at $4.05)
STP June  19 2010 16 Put @ $3.80 (currently traded at $3.30)

Long position:
C Jan 21 2012 5 Call @ $0.65 (now traded at $0.79)
C Jan 21 2012 4 Call @ $0.77 (now traded at $1.13)


I am glad for the turn around. What I have been waiting for for 2010.


I hope this week would end with positive notes. See you soon..

Week of March 1, 2010

This is my first new post since moving from optiontalks.blogspot.com. I move here simply because I like this name better "optionists.blogspot.com".

Enough said on that. I stop my update for quite a while. Anyway just wanted to share some updates.

Feb 2010 was not a good month for me. I was down 4% mainly due to AIG and STP. Nevertheless, I did roll over the positions.

My current stand are:
Short positions:
AIG March 20 2010 30 Put @ $4.45 (+ve)
AIG May 22 2010 33 Put @ $7.15 (-ve)
STP June  19 2010 16 Put @ $3.80 (-ve)

Long position:
C Jan 21 2012 5 Call @ $0.65 (-ve)

I am trying to increase my position on Citi, which I think have high potential to regain it's business.

Cautiously optimistic on the economy amid still high unemployment rate at close to 10% in the US.

Happy trading folks.