August 10th, 2012

Hello all!

Let's get to the money!

Ten Year Note

FINALLY the TYU turned in my favor. I had 6 short positions since about the end of July for September expiration. I had an average of 134'410 and liquidated at 133'175.

Here's are the calculation for profit for a short position

Sold Price     Bought      Tics      Tic Value     Profit
134'000     -  133'175 =   17.5  x      31.25    = $546.875
133'270     -  133'175 =   9.5    x      31.25    = $296.875
134'110     -  133'175 =   25.5  x      31.25    = $796.875
135'025     -  133'175 =   49     x      31.25    = $1531.25 * 3 = $4593.75
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Gross Profit                                                                              $6,234.375

AWESOME!

At one point this looked like a loser but I held out and didn't let my emotions take over and now it's $6,200 winner. If you've been following my TYU calls... you're welcome =)

Goldman Sachs

Currently, I have 25 Goldman Sachs (GS) 115 September Calls. I have been extremely bullish. As I stated on twitter a couple weeks ago it only takes some good news to have it shoot up. I am hoping that the news about Goldman not having legal liabilites regarding the subprime mortgages gives the stock a boost today. I need a rally in GS NOW.

 

That's all for now!

Brit