Wednesday, January 23, 2008

Week 4 More Trading Fully Invested Again!

I bought 381 shares of BWV totaling 17,971.77 + Commissions.

BWV is an ETN (Exchange Traded Note) that acts as a covered call on the S&P 500 (thats the basics). So when the S&P 500 goes down in price or trades neutral BWV generates a gain. Pretty cool product!

I'll probably have this position for 2 days Thursday and Friday.

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1 comments:

Anonymous said...

ouch what