Citi Options Become Crowd Favorite

Just came across this news. Quite a significant piece of data for Citi Option.

http://www.nytimes.com/reuters/2010/04/20/business/business-us-citi-options-volume.html?_r=1&dbk

Week of April 19, 2010

Last Friday was something really unexpected. Solid results overshadow by Goldman Sachs' issue. One good thing was my AIG April $31 Put has given me the return of 5%. I opened this almost exactly 1 month ago.

Updates on my status are:
Short positions:AIG April 17 2010 $31 @ $1.7 (Opt expired. I made 5.14% nett. This is good)
AIG May 22 2010 33 Put @ $7.15 (current premium $0.88 - Looking good)
STP June  19 2010 16 Put @ $3.80 (current premium $2.50)
ARAY June 19 2010 7.5 Put @ $1.15 (current premium $1.35. Still at -ve)

Long position:
C Jan 21 2012 5 Call @ $0.65 (now traded at $1.11)
C Jan 21 2012 4 Call @ $0.77 (now traded at $1.57)

NEW TRADE: C Sept 18 2010 3 Put (I opened this position as hedge my long position on C)

Wishing you all a prosperous week.

Articles Posted at EzineArticles

I submitted my Option Basics article to EzineArticles and it has been accepted a few days ago. Check it out at:
http://ezinearticles.com/?Option-Basics&id=4109315

Week of April 5, 2010

The finance stocks are moving up again which works well for my trade. Comparing to my last block about a month ago, there is definite improvement. I just can't wait for the April window to end to close my AIG April Put and use the fund for my next trade.


Updates on my status are:
Short positions:
NEW TRADE: AIG April 17 2010 $31 @ $1.7 (Current premium $0.08)
AIG May 22 2010 33 Put @ $7.15 (current premium $1.55)
STP June  19 2010 16 Put @ $3.80 (current premium $2.10)
NEW TRADE: ARAY June 19 2010 7.5 Put @ $1.15 (current premium $1.85. Bummer)

Long position:
C Jan 21 2012 5 Call @ $0.65 (now traded at $0.90)
C Jan 21 2012 4 Call @ $0.77 (now traded at $1.32)


Overall, I am in blue except for ARAY, a stock I came to know about recently. A lesson learned to do more due diligence next time.