Nickle Back
Closed YHOO 15p today for $5.02. I sold the puts for $84.23 after commissions in October. Profit on the trade is $79.21. Straight calculations put the profit at 1577.89% but that doesn’t reflect the $1500.00 cash to secure the puts. That’s a simple 5.3% for just over three months, or annualized it’s 19.32%. Not too bad. As I previously wrote about YHOO, I’m looking to move onto or into something different to free up my $1,500 or better use it.
This is what I’m doing, posted for entertainment and educational purposes only. Do your own research.
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