Archive for April, 2010

April options expiration

April 18, 2010

AT&T (T) closed at 25.93 on Friday. The April 26 puts I shorted were assigned. So, my short position in T was closed out at the same price it was started. Profit on the short puts was +1.00.

I continue to hold January 17.50 calls on T. I will be looking to write 26-strike calls against this position.

The April 22.50 calls I wrote on ZION were assigned. So, I am now short ZION shares. These are hedged by a long position in July 17 calls. Profit on the short puts was +0.73.

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Happy Easter

April 4, 2010

I hope all readers have a blessed Easter!

The UK men and women both made the Elite 8 in their NCAA tournament runs, but no farther. West Virginia sent the men’s team home. The Cats were cold from the outside, and WVU, not ordinarily known as a good shooting team, practically shot the nets off. Now we will see which of the Cats will be turning pro.

The UK women went to Kansas City and handled top-seeded Nebraska fairly easily. But, they were no match for Oklahoma in a 20-point loss, and the Sooners head on to the Final Four. Hard to imagine that anyone will give Connecticut any trouble there.