Archive for the ‘Rick Position - New’ Category
Thursday, January 29th, 2009
Into yesterday's rally, I sold the $27 strike for one of my SSO positions. If I get called away, I will have a slight loss. I'm not expecting SSO to get that high but I wanted some premium this month. Hopefully SSO closed the option period at 26.75. That would ...
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Monday, January 26th, 2009
Last Friday I made the decision to sell a lower strike price for my EEM. I put an order in to sell the Feb $25 and it was taken on this mornings pop. If I were to get called away at $25, I would be at a 3.17% loss for ...
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Thursday, January 22nd, 2009
Last week I said I was going to scale into a position in SSO until I felt the time was right to turn it into a covered call. Shortly after I bought my first shares at ~$22, the market rallied and my shares went up 6%. Since this was in ...
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Tuesday, January 20th, 2009
I sold some Feb $10 calls on my Alcoa position. I'm not waiting for better premiums for one main reason. My annual percentage return went up for the price I sold them at today and I'm hesitant that we will get much of a bounce. I would rather lock in ...
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Tuesday, January 20th, 2009
My Jan position got called away so I am going back to the well with USO. This time I went one strike farther down. The details:
Buy: 100 @ $30.41 ($7 commission)
Initial Investment: $3048.00
Sold: $27 strike @ $4.60 ( $8.25 commission)
Net Investment: $2596.25
Expected Return: 3.04%
I am ok with holding this ...
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Tuesday, January 20th, 2009
I had a limit order in to sell Feb $42 calls @ $2 each. Somehow it hit this morning and I got it off. That premium really gives my position a kick in the pants (annual percentage wise).
Purchased: 100 @ 42.50
Initial Option Income: $1.40
Feb Option Income: $2.00
Other Option Income: $0.00
Expected ...
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Tuesday, January 13th, 2009
Today I bought back the Feb $7 calls that I sold against my 200 shares of UYG. I sold them at $0.55 and bought them back at $0.15. I did this because I feel the market is at a depressed state and I can sell them again at a higher ...
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Wednesday, January 7th, 2009
I opened a position in TBT today. Its an ultra short of Lehman 20 year treasuries. This falls below my 20% annual threshold but this is a position that I am willing to hold on to because bond yields won't go much lower than what they were a month ago ...
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Tuesday, January 6th, 2009
Today I had my first decision on whether to sell the near month option or go out to February. I currently hold 200 UYG. If I were to sell the Jan $7 for $0.15 I make nearly nothing after commissions. If I sell the Jan $6 and get called, I ...
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Tuesday, January 6th, 2009
Today I sold 2 Jan $30 strike contracts on two of my three SSO positions. I should have done it this morning but it never got to my limit so I sold it while the premiums were still decent.
Position 1:
Purchased: 100 @ 33.85
Initial Option Income: $5.30
Jan Option Income: $0.45
Other Option ...
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