Retirement Income

Stocks and Options

March 7th, 2008 at 9:04 pm

Rolled out and up Mar08 BRCD Calls

Today I BTC 2 BRCD Mar08 7 Calls and STO 2 BRCD Oct08 8 Calls for an additional $51.01 in my taxable account.  I now own this stock at 8.69.

The stock has been moving up and down but trending up except just recently.  I probably should have let this run until a while longer to see if it might expire worthless in a couple of weeks but frankly I was getting a little bored not doing any trading.  Also, I had been watching these options looking for the opportunity to roll out and up.  Until now the price differentials were not there.

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