Friday, January 17, 2014
Wednesday, August 28, 2013
Bought EXETF
Bought 1/3 of a targeted 6% position in EXETF. I'm still cautious about the market as a whole, but EXETF is selling below enterprise value, and has a 7% dividend, and has a spin-off in the works... I think it's worth a 2% risk.
Tuesday, June 11, 2013
ZOMG sell everything!
I haven't been updating this blog, but I've still been making changes to my investments. I just made a major change in risk exposure, which prompted me to make this post.
On Friday, June 5th, an indicator I follow ticked over from "stay invested in the equity market" to "remove exposure to the equity markets."
Accordingly, I sold most of my stock market holdings. I still have PHYS and PSLV (physical bullion) and SCPZF (natural resources, including natural gas, oil, cattle, and farms). I still have AAPL calls at various expiration dates, much of which are out of the money (sigh). I still own JGBD (3x inverse ETN on Japanese Government Bonds) and have 2015 puts on FXY (Japanese Yen).
I also have both 2013 and 2014 puts on IWM (Russell 2000). This hedge is left over from when I had more equity exposure and I may close it now that I'm hedged with cash.
I also have outstanding owed puts (I sold my promise to buy to someone else) on NES (which was HEK) which expire this month, so I may or may not be put the shares.
Discussion of the indicator from 2009: http://boards.fool.com/sell-in-june-and-go-away-27760614.aspx
Current discussion: http://boards.fool.com/sell-in-june-signal-30721820.aspx
On Friday, June 5th, an indicator I follow ticked over from "stay invested in the equity market" to "remove exposure to the equity markets."
Accordingly, I sold most of my stock market holdings. I still have PHYS and PSLV (physical bullion) and SCPZF (natural resources, including natural gas, oil, cattle, and farms). I still have AAPL calls at various expiration dates, much of which are out of the money (sigh). I still own JGBD (3x inverse ETN on Japanese Government Bonds) and have 2015 puts on FXY (Japanese Yen).
I also have both 2013 and 2014 puts on IWM (Russell 2000). This hedge is left over from when I had more equity exposure and I may close it now that I'm hedged with cash.
I also have outstanding owed puts (I sold my promise to buy to someone else) on NES (which was HEK) which expire this month, so I may or may not be put the shares.
Discussion of the indicator from 2009: http://boards.fool.com/sell-in-june-and-go-away-27760614.aspx
Current discussion: http://boards.fool.com/sell-in-june-signal-30721820.aspx
Tuesday, February 26, 2013
Bought CRM puts
Bought Mar 16 2013 $150 strike puts on CRM for $2.00.
Bought Sept 21 2013 $5 strike calls on HNR for $1.40.
Bought Sept 21 2013 $5 strike calls on HNR for $1.40.
Tuesday, February 19, 2013
Sold HEK puts
Sold HEK puts. These puts have a strike price of $4/share and an expiration of June 2013. The premium paid was $0.60. I already own HEK stock, but would like to own more. If these puts are exercised by the buyer, I will be put HEK stock to fill my target allocation.
The total premium is 15% of the strike price; since I use only secured puts, that means I'm earning 15% on the money I've set aside for this position. The option duration is 4.1 months, so I'm earning 3.66% per month. I wouldn't make this trade if I didn't want to own the stock.
The total premium is 15% of the strike price; since I use only secured puts, that means I'm earning 15% on the money I've set aside for this position. The option duration is 4.1 months, so I'm earning 3.66% per month. I wouldn't make this trade if I didn't want to own the stock.
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