Monthly Archives: August 2011

Next buy is 2,000 shares at $120.

Sold half the hedge @ $43.95 just now for approximately $2,931 gain. Will post new exact figures at the end of the trading day.

8/4:

SPY: -$31,840
hedge: $3,774.03

Net for this trade:
-$28,065.97 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
——————–
-$22,780.96

Deciding where to put the next SPY buy. Originally I said 120 (and today’s low was $120.06!). I may keep it there. After all, there is no way to predict price so there’s no way of knowing how low price will go.

I may lower it to 115 just to get a better average price. It’s not like I’m in a hurry to close out this trade.

I’m not worried about the drawdown in the meantime. I’m making money on the hedge and dividends if the position stays open long enough.

I’m not using 136 as a target anymore, however, regardless.

Next buy is going to be at $120.

Hammer outta nowhere!

8/3:

SPY: -$12,928
hedge: $2,854.84

Net for this trade:
-$10,073.16 (unrealized)
+$1,223.60 (realized)
+$1,129.72 (dividend)
——————–
-$7,719.84

long 1,400 @ $127 today.

SPY position 3,200 shares @ avg cost of $130.21

Also bought back another 1172 shares of SH (the same amount I just sold a few days ago when I closed half the hedge) @ $42.38 for the hedge.

8/2:

SPY: -$15,104
Hedge: $3,417.64

Net for this trade:
-$11,686.36 (unrealized)
+$1,223.60 (realized)
+$1,129.72 (dividend)
——————–
-$9,333.04

8/1:

SPY: -$7,056
Hedge: $1,560.09

Net for this trade:
-$5,495.91 (unrealized)
+$1,223.60 (realized)
+$1,129.72 (dividend)
——————–
-$3,142.59

limit order to buy 1,400 @ $127.

Still 53 cents away from today’s low.