Update ADM AVR
I closed out my ADM September $30.00 put options at $.55, for a gain of 37.5%. Basically this transaction covered taxes and fees, essentially creating neutral trade. Late in the day I also initiated a position with Aventine Renewable Energy Holdings Inc.(AVR), by picked up some July $15.00 call options for $.65.
I am looking for continued favorable legislation next week as the House reviews the current energy Bill.
No comments:
Post a Comment