Tuesday, February 28, 2012

A computer once beat me at chess, but it was no match for me at kick boxing.

SMOKIN': Lorillard (LO)is a tobacco company which I did a DITM ( Do It To Me) last July, by selling a put ATM (at the $$). The stock went virtually nowhere until this month when it screamed upwards. Since July it is now up 18%.
Yesterday my position was called away - it had risen way higher than I could roll it, even if I wanted to. My return (as compared to the 18% if I just owned the stock): 16%, with a high degree of safety! The 105 call.

1 comment:

  1. Can you explain your method for selecting you ditm call candidates.