Showing posts with label options trading. Show all posts
Showing posts with label options trading. Show all posts
Monday, October 27, 2008
Sold Walmart Puts
10/27/08 Sold 5 uncovered puts to open WMT Nov 35 1/2 puts at 18 putting gross $90 in my account. If the stock drops from 51.69 down to 37.5 I'll happily own the stock, otherwise I'd be glad to keep the premium. I love the volatility priced into these options. I' going to put in antoher order to sell 5 more at 1.25 in case the market sells of at the end of the day and if I don't get filled I'll wait for another sell off of the market from redemtions or just keep the premium that I've brought in so far!
Friday, October 24, 2008
10/24/08 Uncovered Option Sales & Stock Trades
Sold 2 Puts TM Nov $50 strike to open at 1.50 crediting my account $300.
My thoughts are that this company had a high near $140 within the last 52 weeks and by far the best of all auto makers IMHO, therefore I wouldn't mind owning this stock at $50, or keep the premium. IMO Toyota is the worlds premium auto manufacturer. If I end up being put the stock at $50, I'll hold the shares. Either way, I'm a happy camper and I'm glad that I can take in a premium for this stock by selling a put at the $50 Strike per share put. WOW! Never thought that I'd see that, but no-one thought that Bear Sterns could fold either! Wish me luck!
Sold 10 Puts GE Nov $10 strike to open at .20 crediting my account $200.
My thought are that Warren Buffet Bought at $20+ with a 10% return, so if I end up being put the stock at $10, while I'm not getting a 10% guaranteed return, I'm still buying the stock 50% below where the oracle bought it, That makes me happy and If I don't Get put the stock, I'll keep the money. I only sell puts on stocks that I would not mind owning at the right price and with GE brand name, I figure if they can get rid of any of the bad balance sheet stuff, even with the recession, $10 will be a good price.
Looking for good prices here possibly near a bottom - Selling puts on dips in this market can be dangerous, but then again everything has risk.
Bought 500 shares of Zwieg Fund - Closed End Fund at $2.70. I bought this because it's down about 75% from its highs and it has a Net Asset Value (NAV) of approx $3.42. So if they were able to close all of their positions today, that would leave me with a tidy .72 profit on a $2.70 stock. Mainly they have thrown the baby out with the bathwater on this one - I believe.
In Conclusion, My thoughts are if I get put stocks, I may end up with a very substantial portfolio at very reasonable prices.
My thoughts are that this company had a high near $140 within the last 52 weeks and by far the best of all auto makers IMHO, therefore I wouldn't mind owning this stock at $50, or keep the premium. IMO Toyota is the worlds premium auto manufacturer. If I end up being put the stock at $50, I'll hold the shares. Either way, I'm a happy camper and I'm glad that I can take in a premium for this stock by selling a put at the $50 Strike per share put. WOW! Never thought that I'd see that, but no-one thought that Bear Sterns could fold either! Wish me luck!
Sold 10 Puts GE Nov $10 strike to open at .20 crediting my account $200.
My thought are that Warren Buffet Bought at $20+ with a 10% return, so if I end up being put the stock at $10, while I'm not getting a 10% guaranteed return, I'm still buying the stock 50% below where the oracle bought it, That makes me happy and If I don't Get put the stock, I'll keep the money. I only sell puts on stocks that I would not mind owning at the right price and with GE brand name, I figure if they can get rid of any of the bad balance sheet stuff, even with the recession, $10 will be a good price.
Looking for good prices here possibly near a bottom - Selling puts on dips in this market can be dangerous, but then again everything has risk.
Bought 500 shares of Zwieg Fund - Closed End Fund at $2.70. I bought this because it's down about 75% from its highs and it has a Net Asset Value (NAV) of approx $3.42. So if they were able to close all of their positions today, that would leave me with a tidy .72 profit on a $2.70 stock. Mainly they have thrown the baby out with the bathwater on this one - I believe.
In Conclusion, My thoughts are if I get put stocks, I may end up with a very substantial portfolio at very reasonable prices.
Thursday, October 23, 2008
My Stock Options Trading Portfolio
I've been trading stock option on individual equities since the early ninety's and have earned over Five Million Dollars doing so. I'd like to share my trades with you. These are not recommendations as I am not a financial advisor, I am a public customer, just like you, maybe with a better knack at trading options.
While most of my options trading is plain vanilla, I do have algorithms that I've developed over the years that even thee most mathematically inclined specialist on the floor of the options exchanges have a hard time figuring out, but that's very advanced trading.
For now I'm just going to give you a list of my buys and sells of both my stock and/or option positions going forward. I suggest that you keep track of my performance as it should blow you away.
If you would like to follow me in on my trades I will try and keep them as current as possible, but I cannot guarantee it because I am a family man and have other items that sometimes need my attention more.
I am not responsible for your trades as I do not expect you to follow along with me unless you want to, but in no way is this a solicitation to do so. I am merely sharing my trading with you. You may even want to take the opposite side of what I trade, I don't really care because I trade in small amounts, so it would be no use for some hedge fund to try and manipulate any of my single trades because they would not add up to much money, and if they tried to manipulate the trades that I make on many different stocks it would cost them an arm and a leg to push a stock one way or another for the small amount that I trade.
The basic strategies that I am going to be employing for the near future are uncovered (naked) puts and cover calls and long and short individual equities. However, there may be other strategies mixed in if I see the opportunity arise.
Basically, I am trying to take advantage of the volatility and the seemingly low prices in today's stock market. However, don't be fooled because what is seemingly low today could look like the moon just one month from now as these are very uncertain times.
So, I hope you have fun watching my trades and I just don't care if you want to join and trade the same trades that I do, stay away from any of my trades, or take the opposite side of my trades.
The goal of this blog is to just share with the world my trades and that is all.
Besides, my trading may not be suitable for you, so always check with a professional before engaging in any speculative trades.
Thank You,
Sincerely,
Options Trader
While most of my options trading is plain vanilla, I do have algorithms that I've developed over the years that even thee most mathematically inclined specialist on the floor of the options exchanges have a hard time figuring out, but that's very advanced trading.
For now I'm just going to give you a list of my buys and sells of both my stock and/or option positions going forward. I suggest that you keep track of my performance as it should blow you away.
If you would like to follow me in on my trades I will try and keep them as current as possible, but I cannot guarantee it because I am a family man and have other items that sometimes need my attention more.
I am not responsible for your trades as I do not expect you to follow along with me unless you want to, but in no way is this a solicitation to do so. I am merely sharing my trading with you. You may even want to take the opposite side of what I trade, I don't really care because I trade in small amounts, so it would be no use for some hedge fund to try and manipulate any of my single trades because they would not add up to much money, and if they tried to manipulate the trades that I make on many different stocks it would cost them an arm and a leg to push a stock one way or another for the small amount that I trade.
The basic strategies that I am going to be employing for the near future are uncovered (naked) puts and cover calls and long and short individual equities. However, there may be other strategies mixed in if I see the opportunity arise.
Basically, I am trying to take advantage of the volatility and the seemingly low prices in today's stock market. However, don't be fooled because what is seemingly low today could look like the moon just one month from now as these are very uncertain times.
So, I hope you have fun watching my trades and I just don't care if you want to join and trade the same trades that I do, stay away from any of my trades, or take the opposite side of my trades.
The goal of this blog is to just share with the world my trades and that is all.
Besides, my trading may not be suitable for you, so always check with a professional before engaging in any speculative trades.
Thank You,
Sincerely,
Options Trader
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