Strategy, Approach and Statistics

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Tuesday, April 3, 2012

Closed: First Position on Hedged Balanced Portfolio

Below position is closed at $2.10.

Comments: Closed for a decent gain in a day. It may give even better
returns by Friday, but I do want to start this portfolio by a winning
trade. I am superstitious, so an early exit.

-----------------
VXX Calendar Spread at $ 1.77
(Sell APR 05 '12 17 Call
Buy JUN 15 '12 17 Call)

Comments: VXX will stay low in the near-term and a bounce back in the
summer is a possibility. I will let the short leg expire on Apr 05 or
rollover to generate additional rental income.

Posted by at 9:30 AM

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