Wednesday, February 29, 2012

IWM update


Long IWM full position from 12/14 @ $70.76
2/7/12 sold Feb $83 calls on for $0.95 (full position)...expired worthless
2/21/2012 sold Mar $83 calls for $1.46 (full position)...open

By selling those options downside is now protected to $80.50 or so...

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