Archive for the ‘Rick Position - New’ Category
Tuesday, January 6th, 2009
I opened a position in EEM a few minutes ago. While I am skeptical of this rally, I think it can hold until Obama actually obtains the title of President. If it doesn't, I'm willing to have some international exposure in my portfolio.
Buy: 100 @ $27.10 ($7 commission)
Initial Investment: ...
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Monday, January 5th, 2009
Today I opened a position in AA. I entered the buy/write transaction on Friday and didn't get filled. I got filled this morning. The details:
Buy: 200 @ $11.67 ($0 commission)
Initial Investment: $2334
Sold: $10 strike @ $1.95 ( $5.50 commission)
Net Investment: $1949.50
Expected Return: 2.30%
I am ok with holding this for a ...
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Friday, January 2nd, 2009
Today I opened a position in USO. I got involved in this last month and am going to take the plunge again. The details:
Buy: 100 @ $33.15 ($0 commission)
Initial Investment: $3315
Sold: $28 strike @ $5.80 ( $5 commission)
Net Investment: $2740
Expected Return: 2.00%
I am ok with holding this etf for a ...
Posted in Rick Position - New | 2 Comments »
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 ...
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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 ...
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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 ...
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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 ...
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Thursday, December 4th, 2008
On 12/3 I opened another 100 share position in ALL
Buy: 100 @ $22.195 ($7.00 commission)
Initial Investment: $2226.50
Sold: $17.50 strike @ $5.60 ( $8.26 commission)
Net Investment: $1674.76
Expected Return: 3.55%
Selling this call will put me into the position in at 16.90 should the option expire worthless. As before, this level is ...
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Thursday, December 4th, 2008
On 11/26 I opened a 100 share position in ALL
Buy: 100 @ $22.90 ($7.00 commission)
Initial Investment: $2297
Sold: $17.50 strike @ $6.60 ( $8.26 commission)
Net Investment: $1645.26
Expected Return: 5.39%
Selling this call will put me into the position in at 16.61 should the option expire worthless. This level is below the ...
Posted in Rick Position - New | No Comments »
