Tuesday, June 4, 2013

Buy Mortimer, Buy?

Well, this may look kinda silly given my previous post, but today I bought 10 SHLD Jan 2015 72.50 contracts at $4.14 (for a total outlay of $4,152).  Here's why...

First, Sears dropped significantly after releasing earnings, and as a result the price of these contracts also fell quite a bit.  Additionally, compared to the SHLD options I recently sold, these new options have much more time until expiration.  They also make up a smaller % of my portfolio, which means there's less portfolio risk overall.  And lastly, as I mentioned previously, I'm still very optimistic about SHLD's future.  Wish me luck!

Questions? Comments? Email mevsemt@gmail.com