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.