Thursday, March 12, 2009

RF Sell - UYG April $3 Call (Double)

I sold all of my UYG April $3 Calls (35 contracts) for $0.20 per contract (100% return - $350 profit)


Update II: The "Manhattan Short Squeeze" going down in the REITS, especially KIM! The bears are getting SMOKED!

Update III: Sold entire stake in AXP @ $12.75 (last 100 shares) for $105 profit
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4 comments:

  1. AnonymousMarch 12, 2009 at 3:03 PM

    RF - We gonna keep this rally going or profit-taking in the last 30 minutes?

    Love the blog man...hope whatever your day job is ain't getting in the way too much.

    ReplyDelete
  2. RFMarch 12, 2009 at 3:23 PM

    Thanks for the comment. It tough to call but the key indicator is the S&P. We are at 747 now and resistance was 740. We broke through it, so in the normal trading world, if we close above 740, we should continue to rally and test the new resistance level, which is 777 (unless ungodly news comes out).

    I think we got ground here because alot of short sellers are covering but the S&P is the key indicator. If we go below 740, it doesn't look to good.

    ReplyDelete
  3. AnonymousMarch 12, 2009 at 3:29 PM

    RF,

    This blog kicks ass!

    ReplyDelete
  4. AnonymousMarch 12, 2009 at 3:41 PM

    Double on the FAS!

    ReplyDelete

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