Trading up-date with Machholz
Well my friends we are losing our shirts on our protective puts and there is no more value but time now, however we have as a result of the Bank of America stock ( Total stock 3500 )movement up from a purchase price of $5.01- $5.15 we are experiencing a very healthy profit and to offset any losses in these puts total gains for month so far is approx **$9,875 +$ 672 to offset the losses on the puts.
All in all a nice months work and this should pay for my rent in Lubeck for the coming year! Nice one!
Have purchased new protective 8$ puts up until April Just in case the bottom falls out of the market
Remember always be hedged I am still holding on to my stock as I believe we have a way to go but if I am wrong I make a few bob on the way back down !But I think we are going to see at least a move up to the 200 MDA and maybe beyond!
**This includes all trades that includes other stock and option trades not highlighted in trading posts.
- Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion (thepressnet.com)