Archive for October, 2009

Second GlobalTuner here

October 18, 2009

We had a wonderful weekend in Columbus, despite Ohio State’s upset loss at Purdue. I would never have dreamed Kentucky could win at Auburn but they did last night for the first conference victory of the season. Bonnie and I went to Nationwide Arena to see Columbus beat Los Angeles 4-1 to go 5-1 on the season.

I have put a second web receiver online here, on the GlobalTuners network. This one is an old IC-706. You must register to use GlobalTuners but it is 100% free.


October options expiration

October 16, 2009

Earlier I tweeted the close-out of the MSFT calendar spread at 1.50 profit per contract.

My TGT will be called away due to the short position in October 42.50 calls. Total profit on the stock was +2.15 and on the option write +3.36. Of course, the stock moved up almost 10 points since purchase, to the covered call write capped what would have been bigger gains. Still a profitable trade.

The short October 55 puts on FPL expired in the money, so the stock will be put to me to close out the short position in the stock, flat. Gain on the option write was +1.60. I continue to be long January 45 calls on FPL. I will be looking to write calls again against this position.

The October 40 calls on STL expired for a gain of +3.01. The stock is just a tad bit below 34 presently. I am still holding the long position in January 30 STL calls

Calendar spread on T

October 8, 2009

A couple months back I opened a calendar spread on T, long the January 2001 17.50 calls, and short October 24s. I received an early assignment on the Octobers. I covered the short T shares yesterday into the weakness in the stock.

Today I have sold November 26 calls for 90 cents.

I should also point out that I plan to open a “long term” long position in T if it continues to weaken here.