Archive for December, 2008
Tuesday, December 23rd, 2008
Today I opened a 300 share position in GE (General Electric). I did this in two transactions because I blanked and only set my order to 1 contract instead of 3 so I went back and bought another 2. The second 200 were at a better price so it helps ...
Posted in Rick Position - New | No Comments »
Saturday, December 20th, 2008
I opened up a position in MO (Altria Group) this past Thursday (sorry for the late update). I sold the Jan $14. I am very concerned with how the market will react once the year changes and so I wanted a rather defensive position to start me off. It is ...
Posted in Rick Position - New | No Comments »
Saturday, December 20th, 2008
I have recently burned my feed with feedburner. I am not sure why I didn't do this before I started my site (especially since a good friend works there). If any of you reading this get my posts through an RSS reader, I would appreciate it if you removed your ...
Posted in Miscellaneous | No Comments »
Tuesday, December 16th, 2008
I have had a plan for a while to buy long dated puts on the general market should it rally to the 1000 range on the S&P (on news that is not game changing). Since we are getting close and I don't believe that any of the actions lately have ...
Posted in Trading | No Comments »
Thursday, December 11th, 2008
I believe that I will not get taken out of my 200 shares of UYG at $7.00 this month. Knowing that I will be holding these for a while, I placed another order to buy 200 more shares of uyg at $4.00. Should I get taken out, I will look ...
Posted in Rick Position - Open Orders | No Comments »
Thursday, December 11th, 2008
In addition to my 3 IRA accounts, I have a non-retirement account at Zecco. In this account, I have enough funds to purchase 100 shares but not enough to purchase 200 shares of SSO. I am making bi-weekly deposits to the account. Until I get enough money for a second ...
Posted in Trading | No Comments »
Wednesday, December 10th, 2008
I've recently joined a yahoo group that discusses the covered call strategy. Our most recent discussion was about how to calculate returns for a position. They way I currently do it was very different than the way the majority of the people in the discussion did it. The ...
Posted in Lessons | No Comments »
Tuesday, December 9th, 2008
Today I opened a position in USO. I've been looking to get into oil around $40. I don't believe we will get to $20-$25 oil. If that happens production will stop so much that supply will deminish. I tried to establish a position in DIG yesterday which would benefit from ...
Posted in Rick Position - New | No Comments »
Monday, December 8th, 2008
Today I attempted to open a position in DIG. I purchased 100 shares near the end of the day at 27.87. I was trying to sell the $23 strike for $5.70 which would have yielded 2.34% or 31% annually. My purhcase was on the little bump around 2:55 CST time. ...
Posted in Lessons, Rick Position - Closed, Rick Position - New | 1 Comment »
Monday, December 8th, 2008
Today I opened a 300 share position in M. This position came to about 9% of my overall portfolio before the selling of the options. With my low portfolio size, I believe that positions should be around 10-15% of the portfolio before selling the option.
Buy: 300 @ $8.7475 ...
Posted in Rick Position - New | No Comments »
