This is a follow up post to my selling short post on RGR strum ruger and verifies how I play it. Since my short sell post I have since sold the 1000 share position that I bought at 6.85 for 6.92 Ie 80 bucks profit added to the 300 I made when I short sold that same position at 6.78 and closed the short at 6.42. I then bought another 1000 shares at 6.32 and sold at 6.73 3 weeks ago.
This means I have made 380 plus 400 or 780 net profit since jan 1 2009 on using the same 6k seed money investment. Ie 13% net return so far.
I have also recently bought some hewlett packard,symbol hpq, leap calls when the stock hit 26 a share. I know this stock only trades between 25-33 so I bought the jan 2011 expiration 30 dollar leap call symbol Vhpaf.o I am currently up 100 a contract with the stock at 29 a share.
I hope to sell on monday as I am looking for 31 a share on hpq. I look for the option to be at or around 800 a contract when I sell.
Its 3/14/09,I will update the final result.
Saturday, March 14, 2009
who says you cant make 15% in the stock market every 3 months
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