Closing Transaction - SPY Call (10/15/2009)

I decided to close out my SPY call position, as expiration was only two days away, and the SPY would have to rise another 1-2% in order for the call to be in the money. As a result I decided to take the limited time premium that was left. I think that for now I wont be using this strategy anymore, as the timing of the call purchase ended up causing me to just miss out on gains in the SPY. I may use this strategy again in the future when I believe the market is poised for a large bullish move. The gain/loss info is below:

8/24/2009 -- Bought 1 $106 SPY September Call @ 1.35
9/16/2009 -- Sold 1 $106 SPY September Call @ 0.58
9/16/2009 -- Bought 1 $110 SPY October Call @ 0.82
10/15/2009 -- Sold 1 $110 SPY October Call @ 0.55

Total Loss: $104 (Less than0.3% of the total portfolio)