Saturday, September 16, 2006

Sell BAB, Sell MCD called away at exp

Expiration calls away two stocks, BAB British Air, and MCD McDonalds. On both, I would have made a lot more just owning the stock outright and not selling the calls. I bought BAB a couple of days before the recent terrorist scare involving transatlantic flights. I am pleasantly surprised at the strength of the stock considering the news.

McDonalds has been one of the strongest stocks in the Dow during the couple of months I have had it. My profit is small. I was tempted to roll up and out, and may buy back in at a later date.

Current positions MO, EWJ both long stock, short calls
Everything else was sold or called away.

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