Still waiting

I know it looks like I have completely ignored the blog. However!!! That is simply not true. I feel like the market is currently way to high and when I look around I just don't see anything worth buying. But as soon as I do I will post my trade here. If you see something you want me to look into don't hesitate to post a comment.

Design Changes!

I changed the format of the "Current Position" and "Trade History" spreadsheets to hopefully make them more readable.

ACI is sitting out there uncovered and has had a nice little rally. Got filled covering the position today by selling 7 MAR 15 calls for 0.73 each.

Porfolio Update January 2012

Looks like we were called away on almost all of our picks! Spectacular! As of today we still have 700 shares of ACI which are uncovered. I am inclined to wait till they get back up to 14 or so before selling some more calls. FCX - Called away for a profit of $654 FITB - Called away for a profit of $756 JPM - Called away for a profit of $330 MT - Called away for a profit of $701

Portfolio update

Its been 2 weeks or so since we opened the portfolio so lets check in and see how things are doing. Looks like the portfolio is up $2,760 on $48,023 of money invested so far. A %5.75 return for two weeks isn't too bad :)