Investor's Opinion

Portfolio Update: Option Rolled

Published: 2012-11-15 00:33:00 EST by Unknown

In my effort to keep this blog up to date with my trade activity, I have something I need to report. This week, on the 13th of November, I rolled over my SAND option position. The action of rolling simply means that I swapped one position for another with a later expiration, sometimes also changing the strike price and/or direction.

Prior to this change, I held the SAND Nov 17 2012 15.00 Call. I rolled it over into the SAND Dec 22 2012 15.00 Call. This was at a cost to me of an additional $46.32 after all fees and commissions were applied. So I will be looking for a brake-even point of $1.52 per contact share or better.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page.

SAND - Sandstorm Gold Ltd.

Labels: call options, option picks, option strategies, speculation, trade terminology in use

Updated: 2012-11-15 00:34:22 EST

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