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Thursday, November 8, 2012

October Trades

Trade History:

  • Dividend of 9 cents per share ($9 per contract) on a total of 600 shares of CIM -- 0.23% ROI for December
  • November 8th:
    • Sold 8x RENN Covered Call Strike 4.00, Limit 0.10, expiration January 19/2013
    • Sold 3x YPF Covered Call Strike 12.50, Limit 0.10, expiration January 19/2013
  • January ROI will be about 0.34%.

Gut Check:

  • Everything's down. Thinking of wiping the slate by selling everything and putting the money into dividend-paying stocks, but I'd never recover the loss. For now, selling what options I can. If I get assigned, it wouldn't be worse than selling right now.
  • If either of the Calls get assigned, losses will finally be more than paper losses and will be pretty ugly.

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