Tuesday, June 28, 2011
Friday, June 10, 2011
Bought 2013 AAPL calls
Bought Jan 2013 AAPL $330 calls for $52.50 per share. I already had calls for that date and strike so this brings my cost basis to $57.75 (from $63.00).
Friday, May 6, 2011
Thursday, May 5, 2011
Sold a whole bunch of positions, as my favored seasonal indicator went bearish (Nasdaq NH-NL 5/17 day moving average, here: http://stockcharts.com/h-sc/ui?s=$NAHL&p=D&yr=0&mn=1&dy=0&id=p65895739383 ). I also closed the lower-strike option of my bear put spread.
Sold to close:
LLL Jan 2013 $60 calls @ $22.20
GSK Jan 2012 $40 calls @ $4.12
JNJ Jan 2012 $50 calls @ $15.37
MDT Jan 2012 $35 calls @ $8.11
AAPL Jan 2012 $260 calls @ $98.00
AAPL Jan 2012 $230 calls @ $124.00
AAPL Jan 2012 $180 calls @ $171.00
Bought to close:
IWM Aug 20 2011 $72 puts @ $1.50
AAPL July 2011 $330 puts @ $7.90
I'm now in 50% investable cash. I have one written put position, on TDSC. I have one bought put position, the higher-strike part of my bear put spread hedge on IWM. I also currently own calls on OXM, HEK, GILD, and AAPL.
Sold to close:
LLL Jan 2013 $60 calls @ $22.20
GSK Jan 2012 $40 calls @ $4.12
JNJ Jan 2012 $50 calls @ $15.37
MDT Jan 2012 $35 calls @ $8.11
AAPL Jan 2012 $260 calls @ $98.00
AAPL Jan 2012 $230 calls @ $124.00
AAPL Jan 2012 $180 calls @ $171.00
Bought to close:
IWM Aug 20 2011 $72 puts @ $1.50
AAPL July 2011 $330 puts @ $7.90
I'm now in 50% investable cash. I have one written put position, on TDSC. I have one bought put position, the higher-strike part of my bear put spread hedge on IWM. I also currently own calls on OXM, HEK, GILD, and AAPL.
Friday, April 29, 2011
Closed AFSI puts
Closed my June $17.50 puts on AFSI for $0.15.
After I sold these puts, I put in a buy-to-close order to sell as soon as I'd made 80% of my potential profits. This is my SOP when selling puts.
Remember, I sold these puts on January 20 for $0.90.
The term of the put was six months. Holding to expiration would have paid me 5.14%, or 0.86% per month. [ $0.90/$17.50 * 100 = 5.14% 5.14%/6 months = 0.86% per month ]
I bought the put back early, having made 80% of my potential profit. The effective term was four months. My profit was $0.75 or 4.29% total or 1.07% per month [ $0.90 - 0.15 = $0.75. $0.75/$17.5 *100 = 4.29% 4.29%/4 months = 1.07% per month ]
So by closing early, I made 0.21% per month more than I would if I had just held the out-of-the-money puts to expiration.
0.21% per month isn't much, but it's 2.52% annualized--more than my bank account is paying right now.
After I sold these puts, I put in a buy-to-close order to sell as soon as I'd made 80% of my potential profits. This is my SOP when selling puts.
Remember, I sold these puts on January 20 for $0.90.
The term of the put was six months. Holding to expiration would have paid me 5.14%, or 0.86% per month. [ $0.90/$17.50 * 100 = 5.14% 5.14%/6 months = 0.86% per month ]
I bought the put back early, having made 80% of my potential profit. The effective term was four months. My profit was $0.75 or 4.29% total or 1.07% per month [ $0.90 - 0.15 = $0.75. $0.75/$17.5 *100 = 4.29% 4.29%/4 months = 1.07% per month ]
So by closing early, I made 0.21% per month more than I would if I had just held the out-of-the-money puts to expiration.
0.21% per month isn't much, but it's 2.52% annualized--more than my bank account is paying right now.
Wednesday, April 13, 2011
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