Liquidation Value: $1,027,889.78 -$10,909.86 on the week
Positions:
Longs:
ACI
CIT
KMP
KWD
MOGN
NLY <-- nice
RESP
WMT <-- lol
Shorts:
AZN
CERN
DRIV
GSK
MNT
VMC
Naked option positions (options sold short):
ADS Feb 40p
ARTC Feb 35p
CCRT Feb 20c
EJ Feb 25c
GRA Feb 25c
LULU Feb 25p
MBI Feb 20c
MTG Feb 20c
Long option positions (acquired via a glitch):
MELI Feb 40p
A mediocre week for the program in part due to problems with the naked positions in MELI and IOC. Both were stopped out at decent sized losses and the program covered to much on MELI and ended up being long 90 of those puts. This glitch might work in the favor of the program, we'll see. Currently there are $150,000 worth of out of the money options sold short, so if those can stay out of the money for two more weeks then that a 15% gain there. At the moment I am debating whether or not the stock trading strategy is profitable, but its nice to have a strategy that will profit off a trending market.
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2 comments:
Any idea where you are in the standings?
In the links list you can click the current rankings link to see how hard the competition is this year. As of last Friday 10th place was up about 40%, thats in under a month! So its tough to say, I'm up about 9% right now so I'm prob near 30th-40th.
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