Retirement Income

Stocks and Options

January 30th, 2008 at 10:53 am

Assigned Apr08 EFTC Puts

This morning I was assigned 3 EFTC Apr08 15 Puts.

I should have rolled these out but have been distracted with other things recently.  ETFC is trading at $4.56 right now.  It is up a little over .40 or more than 10% so far today.  Several directors of the company recently purchased large blocks of ETFC stock.  The largest block, roughly $1 million dollars, was purchased by the Chairman.

I am going to sell calls on these shares but am going to wait a day or so to see if it will continue to run up.

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