Patrick's Rants


YHOO Final Score

Filed under: Money,Stocks — site admin @ 6:49 am

For some reason I was too busy to post last week when I bought back my YHOO 16.00 puts for $0.30. With commissions, the position was closed at $40.76. I opened this for $89.23 after commissions. Profit percentage just on the options is 118%, but to look at this properly one should calculate from the cash required to open the position: in the IRA, it’s 1600. That works out to 3% for three months. Not great, unless you compare it to just a straight savings account and approximately 12%/yr is not too bad.

I did immediately open a new position of the $15 April put. It’s a little far out, but I was trying to reduce my overall amount at risk, $1600 to $1500, and it was April that offered close to $1.00. Sold for $0.95. It’s a similar return to the 16 puts just closed out if it expires worthless.

I’m doing this in my own account, this is for entertainment and educational purposes only. I’m not recommending YHOO or any other stock. You have to make your own decisions

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress
Comments, opinions and drivel © the poster. Satire protected under Fair Use. Opinion protected under First Amendment (see: Constitution of the United States)
Nothing on this site should be construed as tax, legal, or investment advice. If you need any of those things, seek out a professional whom you can pay for such advice. Posters cannot be held liable for your failure to perform your own due diligence.