(a) We added a sco naked call in the 25kp in addition to our following existing position. Not sure if the STP position was closed when you called for all cash.
SCO April $29/32 bull call spread at $1.10, selling $29 puts for .80 is net .30 – 10 in the Short-Term Portfolio.
(b) Question of SLW – I guess SLW is falling due to the rest of the market and also based on Yellen's comments on a rate hike earlier than anticipated. With that being said, is this a good time to roll the slw or wait to see a better price to roll it? Thanks. Following is the trade we have left on SLW
March 27th, 2014 at 1:35 pm
Phil// Couple of questions
(a) We added a sco naked call in the 25kp in addition to our following existing position. Not sure if the STP position was closed when you called for all cash.
March 19th, 2014 at 10:52 am | Permalink | Tweet thisIgnore this user
SCO April $29/32 bull call spread at $1.10, selling $29 puts for .80 is net .30 – 10 in the Short-Term Portfolio.
(b) Question of SLW – I guess SLW is falling due to the rest of the market and also based on Yellen's comments on a rate hike earlier than anticipated. With that being said, is this a good time to roll the slw or wait to see a better price to roll it? Thanks. Following is the trade we have left on SLW
March 20th, 2014 at 5:41 am | Permalink | Tweet thisIgnore this user
SLW/STP, Rookie – What we have left is the Jan $20/25 bull call spread but that was initiated on 2/12.