Legal Disclaimer

All opinions expressed on this site are those of the author and may contain errors (I make mistakes) or omissions (I am not telling the whole truth).

!Thank You!

Saturday, August 4, 2012

August Position


Ever hear news on the television about miners in trapped in coals mines? That's what it feels like with positions in CLF and ANR. 
It may turn around, it may not, and it may takes year. 

Some accounts don't have options trading; hence, not able to sell covered calls for all positions.

2012/03/16 BOUGHT FCX 38.70
2012/03/23 BOUGHT FIO 29.1999 
2012/03/28 BOUGHT GLW 14.20
2012/05/04 BOUGHT CLF 58.90
2012/05/08 BOUGHT ANR 13.80 #ESA
2012/05/15 BOUGHT ANR 12.70 #ENT

2012/06/28 BOUGHT CLF 46.10

07/12/2012 B AAPL 597 #ESA

OXY has been a great position for selling covered calls and receiving dividends at the same time.

2012/04/19 BOUGHT OXY 88.68
2012/04/27 SOLD OXY May 4, 2012 92.50 Call 1.10 
2012/05/04 BASIS OXY 87.58
2012/06/07 S June 16, 2012 87.50C 1.05 (Expired)
2012/06/07 BASIS OXY 86.53
2012/07/03 S July 21, 2012 $90 Call 1.20 (Expired)
2012/07/03 BASIS OXY 85.33 

SODA has been giving me the opportunity to lower my basis because of the volatility.

2012/02/27 BOUGHT SODA 44.60
SOLD MAR42.50C 5.50 (Expired)
2012/03/16 BASIS SODA 39.30
2012/05/10 SOLD May 19 37.50C 1.30
2012/05/10 BASIS SODA 38
2012/06/22 S July 21, 2012 40C 1.10
2012/06/22 BASIS SODA 36.90 
2012/08/02 S August 18, 2012 $45C 2.25
2012/08/02 BASIS SODA 34.64

2012/05/30 B SINA 54.25
2012/06/07 S June 16, 2012 57.50C 1.05
2012/05/07 BASIS SINA 53.20
2012/06/22 S June 29, 2012 55C 1.20
2012/06/22 BASIS SINA 52 

07/31/2012 B LULU 57.25
07/31/2012 S Aug032012 57.50C 1.20
07/31/2012 BASIS LULU 56.05

I would have sold at 22 had I been around.
08/03/2012 B FB 20.05

Going forward, you will find all the detailed transactions in the comments section. 
It's time consuming going back and updating the post.