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Friday, October 29, 2010

Position Updates

Closed out CSTR calls at 11.20 for almost a 200% gain.  Holding onto the stock.
Closed out PWER puts for 0.40 for a 50% loss.
Holding onto the PWER calls.  They are trading at 1.35 at present, since stock has given up a dollar since open.  Plan to hold those since I liked the earnings and the growth news.  Let's see where we go after the morning frenzy is over.  The external news to watch out for would be if the Republicans take back the house in the elections, what happens to the Solar stocks?

Update:  Looks like the right play was to sell the PWER calls at the open and hold onto the puts.  Stock has now given up all its gains.  If you sold your calls at the open, congrats.

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