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Tuesday, October 2, 2012

October Position

SINA position was called away.

From my experience or lack of it, protections provide limited downside and prevent unlimited upside.

With that said, I am still selling covered calls to generate income for range bound stocks.

2012/03/16 BOUGHT FCX 38.70
2012/09/14 SOLD   FCX 43.55 (HALF) (Corrected to SOLD from BOUGHT)

2012/03/28 BOUGHT GLW 14.20
2012/05/04 BOUGHT CLF 58.90
2012/06/28 BOUGHT CLF 46.10
2012/05/08 BOUGHT ANR 13.80 #ESA
2012/05/15 BOUGHT ANR 12.70 #ENT











Please reference comment sections for any trades not carried over.

GL

Monday, September 3, 2012

September Position

Word of advice, don't let anyone influece your trades without good reasons. As an example, my LULU trade was good, but with bad influece, I was not able to capitialize fully.

August trading was jsut average with some profit on AAPL long and sold to soon again (story of life). Made some milk money short SPY and loss some tax money on FIO and BVN.

Bias is still short but careful and selective.

2012/03/16 BOUGHT FCX 38.70
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

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

2012/08/07 S Sep 22, 2012 $90C 2.50
2012/08/07 BASIS OXY 82.83

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


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

2012/08/07 S Sep 22, 2012 $52.50C 3.10
2012/08/07 BASIS SINA 48.90
Pending a market meltdown, SINA will get called for 6.85% profit.

 

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.