Saturday, October 27, 2007


Sell - 1 POT Nov 100 Call @ 18.50 (Bought @ 14.40)

Finally got rid of this one. I had 2 positions on this, one which I sold for a loss, this one for a gain. The average gain was about 70 bucks, after commissions it was around 40. Was this gain worth the pain and agony? Neope ... :) Did it make me wiser? Hopefully.
Few things I learnt from this-
1. Don't hold options through earnings, unless it's an earnings specific play.
2. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.

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