It seems I'm not the only one who likes the opportunity the weakness in Intel is presenting.
Check this article out. And this one. And this one. And one more for good measure.
Bill Cara is back in as well according to his recent Week in Review. Teddi Knight is in big at Fullyinformed.com. Even though I generally ignore the noise of "hot tips", when Bill and Teddi speak, I listen.
Please do your own due diligence and have a great day.
Showing posts with label Fully Informed. Show all posts
Showing posts with label Fully Informed. Show all posts
Monday, August 27, 2012
Wednesday, July 25, 2012
Trade Continuation: GDX Naked Puts
Last week I continued my GDX investment as follows:
03/20/2012 STO 3 GDX Apr 21 2012 47.0 Put @ .53 146.75
04/20/2012 BTC 3 GDX Apr 21 2012 47.0 Put @.63 -201.24
04/20/2012 STO 3 GDX May 19 2012 45 Put @.97 288.70
05/14/2012 BTC 3 GDX May 19 2012 45 Put @3.46 1050.24
05/14/2012 STO 3 GDX Jun 16 2012 45 Put @3.99 1194.68
06/01/2012 BTC 3 GDX Jun 16 2012 45 Put @1.20 - 372.25
06/01/2012 STO 3 GDX Jul 21 2012 43 Put @1.60 467.74
07/19/2012 BTC 3 GDX Jul 21 2012 43 Put @1.40 -432.24
07/19/2012 STO 2 GDX Sep 22 2012 42 Put @2.41 470.50
In this latest option roll I was able to get paid $38.26 to roll down a strike AND to reduce my exposure to 2 contracts. By reducing the number of contracts we were able to reduce our maintenance requirement from ~$3200 to ~$2100 thereby freeing up money for other trades. In addition, our percentage return on maintenance increases with the reduction in required maintenance.
It had never occurred to me before to reduce the number of contracts as I roll down and out. Props to Teddi Knight at FullyInformed.com for sharing her experience and insight in that regard.
We have now collected $512.40 in option premium on this trade. Our cost basis if put to us is down to $39.44/share. While this ETF has sunk to new lows recently our cost basis is below that.
The September expiration will make this trade 6 months old. If the shares expire worthless we will earn $512.40 on an average of ~$2600 in margin maintenance. This equates to a return on maintenance of ~19.7% or or 39.4% annual.
03/20/2012 STO 3 GDX Apr 21 2012 47.0 Put @ .53 146.75
04/20/2012 BTC 3 GDX Apr 21 2012 47.0 Put @.63 -201.24
04/20/2012 STO 3 GDX May 19 2012 45 Put @.97 288.70
05/14/2012 BTC 3 GDX May 19 2012 45 Put @3.46 1050.24
05/14/2012 STO 3 GDX Jun 16 2012 45 Put @3.99 1194.68
06/01/2012 BTC 3 GDX Jun 16 2012 45 Put @1.20 - 372.25
06/01/2012 STO 3 GDX Jul 21 2012 43 Put @1.60 467.74
07/19/2012 BTC 3 GDX Jul 21 2012 43 Put @1.40 -432.24
07/19/2012 STO 2 GDX Sep 22 2012 42 Put @2.41 470.50
In this latest option roll I was able to get paid $38.26 to roll down a strike AND to reduce my exposure to 2 contracts. By reducing the number of contracts we were able to reduce our maintenance requirement from ~$3200 to ~$2100 thereby freeing up money for other trades. In addition, our percentage return on maintenance increases with the reduction in required maintenance.
It had never occurred to me before to reduce the number of contracts as I roll down and out. Props to Teddi Knight at FullyInformed.com for sharing her experience and insight in that regard.
We have now collected $512.40 in option premium on this trade. Our cost basis if put to us is down to $39.44/share. While this ETF has sunk to new lows recently our cost basis is below that.
The September expiration will make this trade 6 months old. If the shares expire worthless we will earn $512.40 on an average of ~$2600 in margin maintenance. This equates to a return on maintenance of ~19.7% or or 39.4% annual.
Monday, April 2, 2012
My Favorite Blog...hands down
My favorite blog is Fully Informed. This author, Teddi Knight, is brilliant and experienced. I've been investing for over 20 years but she has been trading for 42 years. When I see she has a new post I giddily click on it and voraciously devour it. Well, maybe not with so much drama but you get the point. :)
Most blogs I read in all honesty don't enlighten me and it seems that some generate articles just to attract potential marketing dollars to their site.
To each his own but I have to say: Fully Informed rocks!
Honorable Mention: I also read Bill Cara's Week in Review every week. Bill has been trading for 50 years or so. Cara's blog can be found here.
Happy Trading
Most blogs I read in all honesty don't enlighten me and it seems that some generate articles just to attract potential marketing dollars to their site.
To each his own but I have to say: Fully Informed rocks!
Honorable Mention: I also read Bill Cara's Week in Review every week. Bill has been trading for 50 years or so. Cara's blog can be found here.
Happy Trading
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