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Martin Vlcek
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Martin Vlcek is a full-time investor and analyst that has been actively investing and managing money for more than 15 years. His primary investment focus is on undervalued stocks with favorable risk to reward ratio and upcoming catalysts. Martin’s investment philosophy is to hold a highly... More
  • Quick 9% Profit From Blackberry 1 comment
    Sep 23, 2013 2:28 PM | about stocks: BBRY

    A few hours ago I managed to buy 100 shares of BBRY at 8.25. I decided to decide later whether to buy more stock and which month and strike covered calls to sell. It turns out markets were faster:). Just a couple of hours later, BBRY buyout at $9 came out. I made a quick 9% profit, but missed the rapid time decay from collapsing covered calls volatility as I sold the covered call only now, after the announcement. I was expecting a longer time frame and a chance to add more stock as I free up resources.

    Percentagewise, not bad. But the total amount is small of course, based on the small size of my speculative account.

    Disclosure: I am long BBRY.

    Stocks: BBRY
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  • kadison
    , contributor
    Comments (143) | Send Message
     
    Small money add up!
    23 Sep 2013, 02:36 PM Reply Like
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