Thursday, December 23, 2010

Portfolio Update

Market didn't really move much today with light volume, which was expected.  I wasn't looking to add on many positions between now and the new year.  However, I also didn't want my money just sitting there so I decided to sell NFLX puts.  Grabbed the 165 strike for .25 premium.  This gives me 10.9% cushion at 18points with a return of about 2%.  This will give me a nice return without really putting my money at harm.  If for some unseen reason Netflix takes a turn for the worst I have a stop-loss if the premium doubles to .50.

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