Thursday, October 11, 2007

Close RIO Nov 32.50 and 35 Calls @ $3.30 and $2.00 respectively.


Close RIO Nov 32.50 and 35 Calls @ $3.30 and $2.00 respectively.

The stock, RIO, took a dramatic turn around this afternoon after posting some decent gains. I decided to close the position to avoid losses.

Profit/Loss on Nov 32.50 Call: +$2,000.00

Profit/Loss on Nov 35.00 Call: +$2,000.00

Total gain: +$4,000.00

Commissions: $450.00

Account Balance: $262,612.34

Joel Abiola Olatinwo


Tuesday, October 9, 2007

RIO Nov 32.50 and 35.00 Calls @ $3.10 and $1.90


Bought RIO Nov 32.50 and 35.00 Calls @ $3.10/contract and $1.90/contract respectively

Contract size for Nov 32.50: 100

Contract size for Nov 35.00: 200

Capital Outlay: $31,000 and $38,000

Total: $69,000.00

Commissions: $450.00

Joel Abiola Olatinwo

Monday, October 1, 2007

Close SNDK Nov 55 Calls @ $3.60/contract


SNDK Nov 55 Calls was closed @$3.60/contract



Account Balance: $259,512.30


Joel Abiola Olatinwo