Thursday, December 16, 2010

Super Valu?

Yesterday I placed a limit order (at $0.50) for 100 contracts of Jan 2013 $15 call options of SVU.  Unfortunately, with a limit of 50 cents my order was only partially executed - I now own 32 contracts which cost me $1,625 (including commissions). 

Over the coming days/weeks I'm going to try to buy the additional 68 contracts, but I'm not willing to pay too much more than $0.50, so who knows if I'll be able to do so.  Once/if this becomes a full position I'll do a more detailed write up on why I like this opportunity, but in the mean time wish me luck.