Thursday, September 28, 2006

Quick Trading Update

Sold off the Broadcom (BRCM) trading position at 31.12 just minutes ago. 40% of the position had a reduced cost basis of 25.72 (from covered calls that expired worthless), and 60% of the position was purchased at 28.90. The trade was good for nice 12.6% gain. I'll be looking for any BRCM pullback for re-entry or possibly selling cash-secured puts as a way to get paid for my willingness to re-purchase the stock cheaper than I just sold.

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