Wednesday, January 18, 2012

Taking profits in EEM option trade



This post described CCI's option positions straddling EEM.   EEM  moved over $41 today. this year.  CCI was able to close the Jan $40 covered calls for essentially cost  a few days.  The Jan $38 naked puts "should" expire worthless this Friday for a gain of $.55/contract.   It would have been better to just be long this ETF, but these option plays made money with reduced risk. 

CCI will likely re-establish some option positions on any pull back.

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