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.

Update 1/2/12

Happy New Year! I have not made any trades over the holidays as IV typically is dropping during this time of year. I expect some new PCCRC opportunities to become available in January. I also am planning on opening a new website in January that will replace this blog. More details will follow soon.

BIIB PCCRC

No trades have been made in the BIIB position after rolling to January. Profit now stands at 2%.