Friday, December 26, 2008

SPY -- New Position

A new position was established in SPY:

Date Description Total aXIRR aROI
2008-12-26 Buy 1000 SPY @ $86.81 -$86,810.00
2008-12-26 Sell 10 SPY 12/31 $87 Call @ $1.62 $1,600.05
2008-12-31 Sell at end of period $86,810.00 288.9% 114.5%

Note: I accidentally sold the call from the quarter-end expiration date instead of the January expiration date. Yahoo doesn't quote the quarter-end expiration dates properly, so I didn't see them there, but they did exist on the Wells Fargo order page and I ordered from the first set of options displayed.

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