Monday, February 04, 2008

Quick Update

In the Trading Port... sold a single Google (GOOG) Feb $480 put at $9.70.

I do not plan on allowing the option to assign if the put ends up in the money (GOOG < $480 on Feb 15). This is simply a bet, and I will likely take gains/losses late next week. Effective break-even on expiration day is GOOG around $470.

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