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 (http://mevsemt.blogspot.com/2011/08/another-real-estatehousingconstruction.html) 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!
Questions? Comments? Email mevsemt@gmail.com.
