As promised, I’ve set up a new format for my portfolio progress. This time colorful graphs help illustrate my progress! So without further ado:
As you’ve probably figured out, I’m currently not diversified at all. Most of my portfolio (97%) is tech based. The issue stems from the two open calls, EMC Oct 19 and RHT Oct 20. I expect the RHT calls to close tomorrow as a result of RHT’s earnings call this afternoon.
Here’s a graphical progress chart of my portfolio. Please note that I did start off with a small amount of capital (under $2,000).
The 17% loss was a result of my EMC Oct 19 calls being cut in half when I first opened them. If you’ve been following along, EMC has broken past the $20 resistance level and is now flirting with the $21 level. The EMC Oct 19 calls have created a 60% swing in portfolio value. At this rate, EMC will singlehandedly double my initial investment. Although options can go in either direction, when they go up, so does your smile.
Let’s see how well this format holds up over the next few weeks. Let me know what you think. Good night!
This is an interesting blog. I´m here for the second time and find every day new interesting details.
Comment by Pips — Friday, September 28, 2007 @ 12:42 pm
Thanks for the visit. My content really depends on how much time I have during the week hah! Luckily, we haven’t had many deadlines at work so I’ve had more time to invest and write for the blog. Next week should be the same. Hopefully I’ll be able to continue the Adventure Series next week or at the very least another entry on options. Thanks again!
Comment by Jorge — Friday, September 28, 2007 @ 2:49 pm