Betting that the rally will last the week


Tuesday, April 13th, 2010

Did covered calls on SPY,  buying SPY at 119.70,  selling to open April 119 Calls at 1.11.   Net investment/ breakeven is 118.59.   Ended up doing sequential market orders because combo order execution was not working well at Schwab.  Has the feel that actual humans are involved in the process–not a good thing with a moving market.

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