Monday, April 21, 2008

New, exciting activity

I sold IDCC because LNG dropped 35% on no news and I felt like I would be missing a great opportunity if I did not buy more shares. The nitty gritty:
Sold IDCC @ 19.50. I have had a good return on IDCC: 0.5 from price appreciation and 0.75 from selling calls for a return of 6.6% since Feb 14.
BUY LNG @ 7.1466, sell May '08 call (strike - 7.5) @ 1.45. If the stock goes above 7.5, I will be getting a return of 31%.

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