Friday, October 15, 2010

Flat-liner

Not much going on today.

Trades: One leg (short call) of one of my Oct. VECO spreads was assigned so I had to cover the short position. I also did an "execute-and-sell" order on the long side because I was afraid the price would drop after yesterday's pop. VECO actually went up 65 cents before I pulled the trigger.+89.4% net, which was better than the 67% gain (less fees) for the spread without the price differential.

Remaining Oct. spreads for VECO and SBS expire tomorrow, probably at max value. (+82.7% and +76.7% (less fees) respectively.)

Reversal Alerts: None.

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