Tuesday, July 19, 2005

My First Experience With Options (MOTHD.X)

I was allowed to trade options for the first time today. I have been doing some reading and made a small investment by purchasing (2) August 20 calls for Motorola at a $0.75 premium (MOTHD.X). I don't recommend following my options trades since I am quite inexperienced in the field. I think I am a little late to the game with Motorola, but that's okay. I am curious to see how things work out tomorrow and the following week. Especially since Motorola reported a blowout quarter and they will be releasing a Blackberry Killer at their analyst meeting next week. I still think people are too bullish on tech. But I hope I'm wrong.


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