On early Aug, I sold AIG Sept 11 Put @ $1.01. It is now at $0.17. Since I need some fund to write new puts, I decided to close this, thus a 6.59% net gain in about 2 weeks. Not too shabby.
I am trying to explore on LEAPS. If the price is right, I may buy some LEAP calls. Will see if there is any attractive potentials.
8/28: Sold STP Sept 17 Put @ $1.01. After I sold, STP been dropping. Now it is regaining a little but I am still negative. My biggest mistake was somehow I mistaken on the date of the earning report. I would need to see if I need to cut lost in the coming weeks should STP not recover.
8/28: Sold STP Sept 17 Put @ $1.01. After I sold, STP been dropping. Now it is regaining a little but I am still negative. My biggest mistake was somehow I mistaken on the date of the earning report. I would need to see if I need to cut lost in the coming weeks should STP not recover.
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