Tuesday, February 4, 2014

Trading out Sears common...

Man, Sears is really struggling these days!  Frankly, with things as bleak as they are, it wouldn't surprise me to see some big changes in the near future - perhaps we'll see significant store closings, or maybe a large real estate transaction.  Your guess is as good as mine.

So, with their stock in the mid-30's, I figured it was time to swap out the common and add some options!  Specifically, I sold my 400 shares at $34.25 (for total proceeds of $13,698).  I then bought 15 SHLD Jan 2016 $60 contracts at $4.40 (for a total outlay of $6,607).  Wish me luck!

Questions?  Comments?  Email mevsemt@gmail.com.