Week of Sept 14, 2009

Oh well...I been out for a few weeks...

Lets see what's new. Well, I closed C Sept 4 Put @$0.04 (bought at $0.34), resulted a net of 5.88%, based on my calculation (minus fees etc)

Also, I wrote AIG Nov 33 Put @ $5.50 back when AIG was at $45, premium is now at $6.70. Now that didn't go well. :(

Today, I did a spread. Bought to close my STP Sept 16 Put @ $0.92 (sold at $1.10). Still a loss but minimal. I wrote STP Oct 16 Put @ $1.63.

Hope I am back for more as been really busy with work and was really not able to focus...