Bill Maurer's  Instablog

Bill Maurer
  • on Consumer Goods
  • on Technology
Send Message
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
Back To Bill Maurer's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $TSLA - sure, another product announcement right before earnings...
    5 days ago
  • Not liking the price action in $AMD. If this is indicative of bond/stock demand, would these deals price below $6? Ouch.
    Sep 8, 2016
  • $TSLA announces $300 million warehouse line, not a surprise.
    Sep 7, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.