Update 1/20/12

I have decided to indefinitely delay the conversion to the new website, so for now I will continue the VEGA Trading blog as in the past year.

BIIB PCCRC

There were no adjustments made in the BIIB position last week. I will likely close the PCCRC sometime this week and at this point it looks like it will end up near breakeven. Currently there is a 2% profit in the BIIB PCCRC.

CTAS PCCRC

Originally I had planned on documenting this trade on the new site, but since it has been delayed for at least 6 months, I decided to add it here. On Jan. 3 I bought a PCCRC in CTAS at the 35 strike. Currently the position shows a 3% profit.



Update 1/11/12

BIIB PCCRC

Today I rolled the shorts in the BIIB PCCRC from Jan to Feb for a 3.65 credit. Profit now stands at 3%. BIIB reports earnings on January 31 so the position will be closed completely in the next 2 and 1/2 weeks. This will be the last documented trade on this blog. I will transition to a new site and format that will be announced here. I have opened a few new PCCRC's (CTAS, CVS, MON, FDX)  in the last couple of weeks that will be documented on the new site- stay tuned.