Retirement Income

Stocks and Options

October 7th, 2008 at 4:03 pm

Blockbuster Inc. (BBI) - BTC Jan09 Call, Sold Stock

Today, I BTC 5 BBI Jan09 5 Calls and sold 500 BBI shares for a net deposit of $865.26 in my taxable account.  My basis for BBI was 4.37 per share.

Another transaction loss here.  It looks like I could have probably only sold BBI Covered Calls one more time for the Jan10 expiration so I don’t feel too bad about selling BBI now.   My motivation, as noted in my prior posts today, was to raise cash in my taxable account.

Tags: , ,

You must be logged in to post a comment.