Tuesday, 16 September 2014

Small change, big gamble

Decided to make some small changes in my portfolio. Sold my existing position in Blackberry of the $9 strike call options and the $10 strike options I had. Instead, I took them and used all profits to take a gamble and bought 300 contracts for $12 strike, set to expire on the 18th of next month. It's a risk but the risk to reward is one I like, so I decided to go with it. It's in line with my own analysis of the direction that Blackberry is headed in anyway. Here's to hoping it hits $15 a share after the ER.

This is considered to be a big gamble since I'm putting most of my portfolio in one place. If the market crashes or something happens to BBRY, I have to be ready to get out quickly though. 

Current holdings:
Call options in BBRY
Put options in HLF

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