Friday, January 19, 2007

From A Trade To An Investment

So, I had sold covered calls on two-thirds of the Yahoo! (YHOO) position. I guess it turned out to be a good thing, now that YHOO shares closed today at $27.64, just over the $27.50 strike price. The covered shares will be called away this weekend, and I'm going to be left with one-third of the YHOO trading position.

I've decided that I like Yahoo's prospects quite a bit, and I feel that it is worth quite a bit more. I'm transferring YHOO to the Long-Term Portfolio as of today.

Anyway, tonight I'm off to a Fondue and Martini dinner party. Should be fun. More on that at a later time. Gotta run!

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