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TRADE BULLETIN: Three Trades Closing (XLE/GDX,LHX,NEE), and Not a Moment Too Soon!
Posted on December 24, 2019
A great deal of reporting to do as the year winds down, so grab yourself a cup of bone broth and settle into that old velour recliner.
It won’t take but a minute.
A number of trades expired recently that we’ve yet to report, so here’s the run-down.
First, we launched an XLE/GDX pairing back on the 5th of June that created a $0.09 debit that expired worthless last Friday.
That’s it. We lost the entire nine cents.
Bye-bye, niner…
Next was an NEE trade we opened August 28th that took a number of turns before expiring last Friday. Final tally on the affair was $3.84 on nothing expended. Adjusted for minimal commissions gives us an exceedingly overweight 2460% in just four months.
That’s two thousand, four hundred and sixty percent, for those of you still at the mall.
Take it to the Feds!
Third on the docket was a bet we wagered back on October 22nd. The stock employed was LHX and the debit to set that initiative was $0.35.
Last Friday, the options expired out-of-the-money, and our loss is the full cost of the trade, $0.35.
And that’s a wrap ‘til New Years!
If we ever get there….
Eschatologically yours,
Alan B. Harvard
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