Thursday, May 19, 2011

Finally!

Today I was finally able to sell the remaining 25 NRG LEAPS in my portfolio.  All things considered this was a very successful "trade" - in less than 3 months my investment of $6,071 turned into $17,486 (all figures are after commissions).  In a way this is very reminiscent of Sandridge (http://mevsemt.blogspot.com/2011/02/sold-sd-call-options.html), i.e. the stock popped and I couldn't resist locking in my gains.  However, like Sandridge, it may turn out I'm selling way to early and leaving a ton of money on the table, I guess only time will tell...

Anyway, for reference here are the posts from when I made the purchase: http://mevsemt.blogspot.com/2011/02/new-purchase.html and http://mevsemt.blogspot.com/2011/02/nrg-order-filled.html.

Here's why I made the purchase: http://mevsemt.blogspot.com/2011/03/so-why-nrg.html.

And finally here's where I've previously sold: http://mevsemt.blogspot.com/2011/05/selling-some-nrg.html and http://mevsemt.blogspot.com/2011/05/still-selling.html.