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Bill Maurer
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Bill Maurer, in addition to writing for Seeking Alpha, is currently a part-time trader. Bill holds a Bachelor of Science Degree from Lehigh University, where he double majored in Finance and Accounting, with a focus on Investments and Financial Analysis. While at Lehigh, he was a Head Portfolio... More
  • Options Portfolio Quick Update 0 comments
    Mar 9, 2012 4:36 PM | about stocks: IQ

    Options expiration is next week. 3 of the 6 positions in the portfolio are expiring, so I will be posting a formal article updating the positions next week.

    But before that, I am closing out one position. I am selling the $22.50 March calls on Molycorp (MCP) for $8.30. These calls were bought for $3.65, so that is a nice gain of $4.65, over 100% profit.

    I could have held this position to expiration, but with the time decay over the weekend, I'll take the gain now, instead of risking gains.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: IQ
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