Monday, October 24, 2011


Well today I sold my remaining 100 MAS LEAPS at $0.80.  With the market bouncing around a 2 month high I just couldn't justify holding this highly leveraged position with the expiration date only a little over a year away.

So how'd I do?  Well, I originally purchased MAS just over two months ago ( for a total outlay of $5,656.  I sold all 125 contracts at $0.80, so I my cash out was $9,960, netting me a profit of just over $4K.  In other words, not to shabby!

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