Tuesday, August 4, 2009

Week of Aug 3, 2009

I sold AIG Aug 9 Put @ $0.79 on 7/17. I just closed this today at $0.17. A rough 5% net gain in slightly more than two weeks. I followed by selling AIG Sept 11 Put @ $1.01. I am trying to take advantage of the time value on the premium. I hope AIG would stay above $11 in weeks to come.
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2 comments:

  1. OPTIONISTSAugust 6, 2009 at 6:46 AM

    WOWWW!!! What a crazy day for AIG. 62% gain in one day???!! I would never have foreseen this coming. Anyway, I wrote a Aug 19 Call last month at $1.40. I decided not to close this. However, i do not want to miss out on this potential further huge run. Thus, I bought additional shares of AIG so that when my original Call is exercised and I have to give up the shares, I have additional shares to continue on the growth. If I wanted to close this, I would probably wait until very close to expiration so that the premium of time value is no longer there.

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  2. OPTIONISTSAugust 13, 2009 at 1:19 AM

    This week trades.

    Closed AIG Aug 9 Put @ $0.17. (wrote @ $0.79)
    Closed C Sept 3 Put @ $0.08 (Wrote @ $0.51)
    Closed STP Sept 22 Call @ $0.35 (Wrote @ $1.00)

    Quite happy with the outcome...

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