September 15, 2011

9/15

SPY -$12,027.00
hedge $2,237.40

Net for this trade

-$9,789.60 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$4,504.59

I think tomorrow is ex-div day.

The hedge is getting smaller. I may close it if it gets down to $1,000. It would’ve been cool to close it at +$6,000 or +$4,000 but I have no idea where price is going and I didn’t want to close it too early. The hedge is just a bonus, though. Whether it’s +$1,000 or +$6,000, that’s still extra money.

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