Wednesday, February 20, 2008

Sell FSLR

My News Years Resolution this year for stock/options trading include:

(1) Never let options expire again. January had a nice pounding from AAPL calls and some puts.
(2) Don't wait for 'more' ... set a profit target and stick to it. I watched profits from NILE, AAPL, BEAS, RIMM, TASR evaporate to nothing all because I wanted that extra icing on already a pretty damn good cake!

If you look at my track record, these are rules that I enjoyed breaking all through 2007 and while it was extremely profitable still, in 2008 no more ;P. Stick to base hits, not home runs, so with great reluctance, I am selling these:

Sell to Close: 10 puts of FSLR March 175 at $5.70

Gain: $1100

--Kevin

0 Comments: