Thursday, December 4, 2008

Bought FXP... HTX error/loss... AND SKF puts

BOUGHT one FXP Jan 100 call...
BOUGHT one SKF Dec 80 put... to cover my butt.

HTX error..
Pluuueeez this was such a useless trade. A loss... The options sold in my account were not actually mine (because of the option symbol change related to the dividend)... How is that for advertising Ameritrade. They of course didnt charge me for the error made, but they did have to fix it for their books. The options in the end are worthless.

So to rub salt in my wound, my funds were not available to add another position today... thx *sarcastic* ameritrade.
And the thing is it cost me last week on the volatility: losing out on calls on Ultrashorts (FXP/SKF) and after shorting/putting the Ultrashort options. ARGH!!!

Anyway, my tax guy will have fun figuring that one out. A stock bought about 20... dividend payed 13.55... stock sold $4.xx. So, it was a loss. But then again its a dividend gain (at least i am only taxed 15% on that)

So tomorrow is a HUGE day for the bears. consumer credit, unemployment numbers, nonfarm payrolls... OUCH! Why was I hesitant to to load up my shorts? Anyway, nothing is for sure... but i am bracketing FXP/SKF...

1 comment:

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