Thursday, October 28, 2010

Positions - Alcoa (AA) Nov 10 Options - 2

Alcoa earnings were positive and stock moved up.

On 10/18 covered the 11/20 $11 puts at $.08 for a 1.6% return on this portion of capital in 2 weeks or over 40% annualized return.

Left the $14 covered call in play.

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