Portfolio Update: Worst Week Ever.

Usually I take a breather after making one bad mistake, but not this time. Oh no! This time I make two more mistakes in a row. So here is how it went down.

After last weeks 26% loss on 5 QQQQ 20110122 $54.00 puts, I try to leverage a win in the opposite direction by BTO 10 QQQQ 20110122 $55.00 calls on December 13, 2010. That didn't work out as planned and I end up with a  20% loss on December 15, 2010.

But the bad news doesn't end there. Instead of learning my lesson, and seeing that a very tight sideways trend is forming, I try to leverage yet another win back in the bearish direction on the heels of my calls being STC. I entered a position of 10 QQQQ 20110122 $53.00 puts on December 15, 2010 just to be stopped out again today, December 17, 2010 for a loss of 32.5%. Why so much? I didn't set my stop until after I saw that today wasn't going to be a bearish day.

The only saving grace is that I didn't put all of my available capital to work all at the same time. It was pretty much half in both directions. So I averaged down my loss to only 25.6% total for the week. Would have been much better if I had set my stop by calculating against the high of December 15th like I was suppose to. Then I would only of had about a 17% loss for the week.

So here is the plan. If I do get back into the index it will only be after it breaks out of this trading range by a percentage of its ATR. I am thinking something like 10 or 20 percent. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

ATR - Average True Range / Average Trading Range
BTO - buy-to-open / bought-to-open
QQQQ - PowerShares QQQ Trust ETF
STC - sell-to-close / sold-to-close

Portfolio Update: In And Down, But Not Yet Out.

So picture this; I saw that the QQQQ was going to gap up so instead of setting my entry point right away, I waited for the market to open and watched the initial behavior. Low and behold, QQQQ pulled back to the previous day's close before moving back up again. So once I saw one 5 minute interval of positive trading I set my buy order for 10 of the QQQQ 20110122 $55.00 calls. As a protection I set a stop for 20% of my entry price and one time during the day increased it as the option rose into the profitable range.

The good news is that I saved myself a little on the initial principle. The bad news is that the NASDAQ, of which QQQQ is based on, could not push much higher than it's open, and systemically fell apart in the last hour of trading. What I have now is a highly leveraged position with a $80 paper loss, that is on the verge of becoming a slightly higher and realized loss unless tomorrow is something all positive. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

QQQQ - PowerShares QQQ Trust ETF

Portfolio Update: Flat Markets Bad For Long Options

Well, I was just stopped out of the position I BTO on Wednesday. My position of 5 QQQQ 20110122 $54.00 puts stopped out at $1.18 for a 25.7% loss. It is my belief that I gave the drop in price on Tuesday way too much credit. I really should have took into consideration that the price of QQQQ still closed higher than the previous day's close. That being understood now, I believe that it is important not get in until after there is a confirmation day, and not get in on what you think will be a confirmation day.

My forecast for QQQQ is that if it does break above $54.52, I should probably make the 'trend my friend.' That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BTO - buy-to-open / bought-to-open
QQQQ - PowerShares QQQ Trust

Portfolio Update: In And Out, Then In Again.

Today was dissatisfying. For starters I entered into a position with an earlier expiration than I wanted to get into. Fortunately, it was relatively profitable for $7. Then once I got out of that position I got into the position I intended on entering. The position was for 5 of the QQQQ 20110122 $54.00 puts.

At first the position was profitable for what could have been about $43 net. But 5% wasn't good enough for me, so I continued to hold it for my 10% target. That didn't happen and now my position is down about 12% after taking into consideration commissions.

After analyzing the price movement of the past three days, I think there is a 60% chance that if tomorrow is a down day for QQQQ, that I could see a profit of 50% or more for my put position. The good news is that there are 2 more days left in this week. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

QQQQ - PowerShares QQQ Trust

Portfolio Update: One Day Trade

Today is Thanksgiving and the U.S. markets are closed. Since I didn't have the time last night to post the results of my last trade, I am doing it now. Yesterday, I entered into a 5 contract position of the QQQQ 20110122 $53 call options. This was done as a contingent order that if the underlying QQQQ shares priced above $52.86 that I would BTO a position of 5 call options at a limit of $1.49 per contract share. It triggered and my position was BTO at $1.46.

The value continued to climb to $1.60 early in the day and held that level through-out the afternoon with a top of $1.63. With my non-professional analysis of the technical indicators, I became uncertain of this stalled gain continuing higher past Thanksgiving. So I decided to make a day traders move and cash out before the close at the bid of $1.59. This resulted in this trade profiting just over 6.5%. Again, better than bank interest. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BTO - buy-to-open / bought-to-open
QQQQ - Powershares QQQ Trust ETF

Portfolio Update

Today was a profitable day, although not nearly as profitable as I would have liked. This morning I was stopped out of my position of the QQQQ 20110122 $53 puts I purchased a week ago. The profit made on this trade was only a measly 5.7%. If I had STC yesterday, after it had made more than 30% profit in one week, I could have captured at minimum of 22.7%. Live and learn I guess. Should I consider literally selling into strength, or may be tightening up my stops to more than 25% of the most recent high? That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

QQQQ - Powershares QQQ Trust ETF
STC - sell-to-close / sold-to-close

Portfolio Update

Yet another day where I wish I didn't have to work until 30 minutes after the market opens. Today I BTO a position of 3 QQQQ 20110122 $53 put options. And of course getting into this position occurs after QQQQ gaps down and then retraces back up during the day. It was still a down day for QQQQ, so this could just be one of those annoying days. I have my stop put in just in case. We will see how it turns out.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BTO - buy-to-open / bought-to-open
QQQQ - Powershares QQQ Trust ETF

Portfolio Update

Well that was a lousy day in the market for me. I got stopped out of both my SLV and UNG option positions for a loss on both. SLV stopped out at $1.26, a little under my stop of $1.28, for a loss of about 26.9%. UNG stopped out at $0.38 for a loss of about 2.6%. Both are looking like they are pulling back. At some point in the near future, I will probably try re-entering.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

SLV - iShares Silver Trust ETF
UNG - United States Natural Gas Fund ETF

Portfolio Update

For today I had a contingency order to BTO 3 contracts of the SLV 20110122 $28 calls if SLV broke above $27.21. It was my intent to buy them at no more than $1.71 per contract share. To my disappointment, SLV opened on a gap up of $0.65, climbed up as high as $28.72 and then came crashing down to $25.85 before closing at $26.18. As a result, the option position I made the order for executed on the down move and is currently ~22% in the hole. I don't want to lose much more, so I have an order to STC my position if it drops another 3% to under $1.28 per contract share.

On the positive side, I have a paper gain of 22% on my UNG call option position that I BTO yesterday. Unfortunately it still isn't enough for my stop order to STC at a profit. I will still have to wait and see.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BTO - buy-to-open / bought-to-open
SLV - iShares Silver Trust ETF
STC - sell-to-close / sold-to-close
UNG - United States Natural Gas Fund ETF

Portfolio Update

With the weather starting to cool off in North America, I figure it is about time that the demand for natural gas should start to "heat up" so-to-speak. Surprising enough, on Monday, the very first day I placed the order for, UNG broke above my contingency price of $5.84 on pretty strong volume, although the price only gaped up and then climbed a little higher.

Anyway, as a result, my BTO for 5 contracts of the UNG 20110122 $6 calls was executed at the price of $0.39. Now all I am waiting to see is if it will maintain this upward move towards and above $6. If it doesn't I will have to STC at a loss of since my trailing stop on the price is well below my entry point. But still better to loose a little than to loose the entire position. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BTO - buy-to-open / bought-to-open
STC - sell-to-close / sold-to-close
UNG - United States Natural Gas Fund ETF

Portfolio Update

Today I closed my STO put position for CPLP. With the stock value going up slowly and the month of time that has passed, the value of the 2 put options I sold at $0.30 a contract share has dropped down to my trigger price of $0.05. After commissions, this is a profit of $37.47 and I free up the $1,500 that would have been needed to purchase the 200 shares of CPLP had it dropped below $7.50 a share. Total profit on the sale is just short of 70%, but if you look at it from the perspective of the $1,500 that was frozen to secure the puts, it is only a profit of 0.025% for the past month. Sadly enough, that is still better than bank interest. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

CPLP - Capital Product Partners, LP
STO - sell-to-open/sold-to-open

Portfolio Update

I have been waiting for an opportunity like this for a long time. Tonight I get to report that I collected 100% profit on one of my positions today. AMR had a large run up two days ago on it's earnings report.

From what I have been told, it is risky to hold onto a position on the week of its earnings being reported. Although I had looked it up before I bought in, I honestly forgot that earnings for AMR was to going to be reported this week. Fortunately for me it performed the way that it did and didn't trigger my STC stop order on that day. The only other way that I know of to trade on earnings is to set up a BTO limit-stop order contingent on a set stock price followed by setting up an STC stop order after the BTO triggers. This would require more time than I have because of my normal work day demands.

Following the move up, I was astute enough to update my stop-loss order to position myself to capture some profit. The following day it traded near the stop without triggering, but then dipped below my trigger price, stopping me out for the gross 100% profit. Currently I believe AMR will be pulling back a little bit, so I might get back in. But first, I want to see it test the break out level of $6.50. There is nothing yet to report on my other positions. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AMR - AMR Corp (American Airlines)
BTO - Buy-to-open
STC - Sell-to-close

Portfolio Update

As the market proceeded to move up for the past week, I did not enter into a put position on QQQQ. On the other hand, I also did not enter into a call position on BAC. Both of these went completely against my analysis. The choice to take advantage of contingency orders is definitely worth the time it takes to make the calculations and set the order.

It is also worth the time to reset ones stops every day. Unfortunately, I did not do that last night. As a result, the stop I updated to the night before last persisted for today's down turn in C and as a result I was stopped out at a loss of $10 on top of commissions and fees. This will result in a lost of ~21%. The good news is that this is keeps me in my 25% loss tolerance.

On other fronts, CPLP has been moving up. This means for me that the puts I sold to be assigned at $7.50 have been started to lose value after gaining value over the previous week. Although a slower strategy, selling cash-secured puts looks to be a promising revenue stream. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BAC - Bank of America Corp.
C - Citigroup, Inc.
CPLP - Capital Product Partners, LP
QQQQ - Powershares QQQ Trust ETF

Portfolio Update

Yesterday I said I would think about a few option trades, and after careful deliberation over the list I decided to place two orders. The first was 3 AMR Nov 20 2010 $6.00 calls and the second was 3 BAC Nov 20 2010 $14.00 calls. Long-story-short, only the first one was executed. AMR decided to gap up on the open and then pull back to the highs of the previous day. The close on AMR was higher than the previous day despite pulling back from the open. As a precaution, I have my GTC stop in place at a 25% loss and will wait to see how tomorrow fares for my position.

Although I believe AMR is prepared to have a short term bullish move, I am also perceiving the possibility of a bearish move in QQQQ. Because of this prognostication, I am going to also place another order for Thursday. This order will be for 2 QQQQ Nov 20 2010 $49.00 puts at a limit of $1.58 contingent on QQQQ dropping below $48.83. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AMR - AMR Corp.
BAC - Bank of America Corp.
GTC - good til cancelled
QQQQ - Powershares QQQ Trust ETF

Portfolio Update and Option Picks

An interesting day in my portfolio. With today's bullish performance of the indices, I was stopped out of one position, but not the one I though I would be. Instead of me being stopped out of BRKS, I was stopped out of BAC. My BAC Oct 16 2010 $15.00 put stopped out at $1.50 for a 16% lose before commissions. After the weak movement that occurred on the day I entered the position I started to suspect that this could happen. I am thinking that the trend is changing. I believe I will look into a long call position.

Other possible trades I am looking into are AMD for long puts and AMR, BRCD, and UNG for long calls. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

AMD - Advanced Micro Devices, Inc.
AMR - AMR Corp.
BAC - Bank or America Corp.
BRKS - Brooks Automation, Inc.
UNG - United States Natural Gas Fund ETF

Portfolio Update

Today, I entered two option trades. The first was 5 C Nov 20 2010 $4.00 calls at $0.25 after C climbed over $4.10. I followed this entry with a stop of $0.18 to minimize my losses to approximately 25%. As of the close. I am still in the trade but only by $0.01 as the close was at $0.19.

The second trade was 3 BRKS Nov 20 2010 $5.00 puts at $0.20 after BRKS dropped below $6.49. I am following this entry with a stop of $0.15 to minimize my loses to about 25%. I have concerns that I was the only player on this trade. And although the underlying stock moved in my favor, unlike C, I might get stopped out before it really has a chance to move due to the wide spread in the option bid and ask prices and the low volume.

My previously entered trades are still open. My long BAC Oct 16 2010 $15.00 put is not yet profitable but the underlying is going in my favor. My short CPLP Dec 18 2010 $7.50 puts are continuing to hold since there seem to be buyers of them at higher prices than I sold sold mine despite the underlying has been relatively flat for weeks. I still want the stock if it drops to $7.50 so I am in no rush to BTC my position. However, if it does clime towards $10, I have an order to sell a short term call at the $10 strike. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BAC - Bank of America Corp.
BTC - buy-to-close
BRKS - Brooks Automation, Inc
C - Citigroup, Inc
CPLP - Capital Product Partners, LP

Portfolio Update

It has been a while since I have made so many posts in one week. Last night I decided to put in an OTO trade order for a BAC October 16 2010 $15 put option. The first half was a BTO order at a limit of $1.90 and the second half was a STC order at a stop of $1.43, which is approximately 25% below the limit price. The first half was executed, but because of the good day in the market today and BAC going back up to fill the small gap it produced the day before, I got in at $1.79. Throughout the rest of the day I lost another $0.29, which is not enough to trigger my STC stop order. If the stop is triggered on the penny, I will loose only about 20%. I have been doing so bad on my past few trades I am going to leave that stop in place and wait to see how things fair when the market opens Monday. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BAC - Bank of America, Corp.
BTO - buy-to-open
OTO - one-triggers-other, where the execution of one submitted order automatically triggers the submission of another.
STC - sell-to-close

Portfolio Update

That didn't take long. Today I reached my target for the October 16 put option I bought against C last week. The move was faster than I expected. I was actually considering pushing out my target and tightening my stop so that I didn't get hit the same way I did with BRCD yesterday. But time wasn't on my side and my $1.17 target got triggered and my position got STC at $1.18 per contract share. The end result was only a 3.95% profit. Nothing in comparison to the 40% plus lost the day before. Is it just me, or is there a different economic data report coming out every day? Anyway, I will be looking into some more option trades. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

BRCD - Brocade Communications Sys, Inc.
C - Citigroup, Inc.
STC - sold-to-close

Portfolio Update

This is a late post so I am going to make it quick. On Wednesday I got stopped out of my put option that I BTO on BRCD. I had a stop of $0.98 per contract share, but because of the accelerated rise in the underlying stock my stop didn't get me out until $0.88 per contract share. Since I had two contracts, my total loss on this one ended up being more than 30%. In fact it ended up being just under 41%. I am thinking that I should return back to a 25% loss threshold instead. It might cause me to be stopped out early, but at least I will reduce my losses be trade. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

BTO - bought-to-open
BRCD - Brocade Communications Sys Inc.

Portfolio Update and Option Picks

As was expected, I was assigned over the weekend for the September 17, 2010 $18 strike call option I sold against the shares I held in the SLV. As of Monday they have been transferred out of my account and $1800 (less commission) has been transferred into my account. The assignment only gave me a little over 5% profit, but I should also take into account the $70 earned through the collection of premiums over the past six months. So that actually brings me closer to 9%. Can we say, "better than bank interest"?

With the assignment proceeds available in my account, I have the capital to cover the purchase of 200 shares of CPLP at $7.50. So with that said, I set a trade order this morning to STO two of the December 18 2010 put options on CPLP. This order triggered at $0.30 a contract share. After commission, I pocketed $53.74. Now, if my analysis is correct, CPLP should go up towards $9-$10 in the next month or so. At which time I could buy it back for a few dollars. However, if it does go down below the $7.50 strike, I am more than willing to accept the purchase of 200 shares of CPLP. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

From this point I will define the stock symbols and acronyms I use at the end of my post.
CPLP - Capital Product Partners, LP
SLV - iShares Silver Trust ETF
STO - sell-to-open

Portfolio Update

It is one day until option expiration, and the call option I sold against my position on the iShares Silver Trust ETF (SLV) is so in-the-money (ITM) that I would be fall out of my seat shocked if I didn't get assigned. Anyway, I will also be profitable on that position because of the premiums collected against it and the capital gains from the sale at $18 once it is assigned.

Well I finally did it. I sold for a huge loss the 5 call contracts I had for the $4 strike price on Citigroup Inc (C). Although the expiration is not until December, I could no longer deny that it was a loser of a pick. I might be wrong for getting out now, but I was definitely wrong for not getting out sooner. My total loss is about 66%. So goes a lesson in the school of hard knocks. I will not make that mistake again.

In replacement of that loser position, I have decided to take on two put positions. The first is on Brocade Communications Sys Inc. (BRCD). I purchased 2 of the October $7 puts for $1.40 each. When I purchased the contracts I had a one-triggers-other (OTO) trade order set up so that there would be a day only stop of $0.98. The price was chosen so that I don't run the risk of losing much more than 30% of my positions value in the event that I am wrong. I will now be setting up a one-cancels-other (OCO) trade order so that I get out once my target is reached while maintaining a stop so that I don't end up "hoping" for a turn around.

The second position I took today was a purchase of 3 of the October $5 puts against C for $1.09 each. This was also purchased with a OTO trade order that set a day only stop of $0.76. This price was also chosen so that I don't run the risk of losing much more than 30% of my positions value in the event that I am wrong. I will now also be setting up a OCO trade order so that I get out once my target is reached while maintaining a stop so that I don't end up "hoping" for a turn around.

The point I am making is that I am going to follow a plan so that I am not planning to fail. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Trades Executed

It wasn't more than two days ago since my last post so I will just get into the state of my portfolio. Today I had two STC (Sell-To-Close) orders execute for me. The first I am going to mention is the $7.50 put option I bought against Capital Product Partners, LP (CPLP). Since I was wrong about CPLP going down to $7.50 and my concern that it would dance around $8 was confirmed, I slowly but eventually accepted the wise decision was to pail out since the highest probability was that my position would be eroded by time decay. As a result I accepted the 48% lose.

The second STC trade that executed were the 3 $2 call options I bought in hesitation against Citigroup, Inc (C). The thing is that the result was about a 9% gain in just two days. I have to say, I am quite pleased it reacted so well. Now if only C would cross above the $4 mark. I could then start to see improvement in the 5 $4 call options I bought against it in late May. I am not really expecting it to climb above $0.36 a contract share, but I currently have an order in for $0.45. That will return to me a large chunk of my original investment and make the bitter taste of a bad trade into the more palatable flavor of a learning experience. We will see what the future brings. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Trade Executed, Current Positions, Pending Orders.

It has been 12 days since my last post and this is how things are working out for me. For starters, my iShares Silver Trust ETF (SLV) $18 call option that I sold to open has been climbing and holding in the money. At the current rate, it could break through the next strike price. Fine by me since I want to collect the capital gains on my SLV position. As a quick note, EV Energy Partners (EVEP) did dip below $32.50 but has been climbing up ever since. The current close is $33.62.

In my last post I mentioned a concern that Capital Product Partners, LP (CPLP) could base around $8 for about month before going back up if it didn't continue down, and that my position would be eroded. I am sorry to have to say, it looks like that may very well be the case. I am not quite ready to dive out yet, but I will have to eventually.

And lastly, I think I am making more bad mistakes, but I can't seem to help myself. Citigroup Inc (C) has been ranging between $3.50 and $4.25 for a few months. And for some reason I keep expecting growth out of it based solely on the fact that it is technically oversold both on the daily and weekly charts. It would have been wiser for me to by the stock and sell the $4 calls against it month after month. For that additional bad mistake I started this paragraph of with, today I bought 3 of the December 2010 $2 call options. Woe is me if I don't see a momentary bounce in C for a week or two. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Call Option Sold To Open

It has been a little over a week since my last post. Since then I have made a few adjustments to my stops and desired entries. My reason for posting is that one of them was triggered today. I sold-to-open a September 2010 $18 call option against my shares of the iShares Silver Trust ETF (SLV). The premium for that sale was about $45.40 after commission. That is a nice percentage gain Although it could have been better had I sold it a couple weeks ago instead of trying to sell the August 2010 $19 call option. The other end of this trade is that if I get called on it next month, I will also collect my capital gains on the underlying shares.

The stock EV Energy Partners, LP (EVEP) dived below the secondary trend line I mentioned in the forecast I made in my last post and is currently declining lower at a very slow pace. EVEP closed today at $33.23. I still believe it will continue to decline into the $32.50 to $30 range before turning back up.

The put option I bought-to-open against Capital Product Partners, LP (CPLP) hasn't been moving favorably for me. My current position went into the hole $20 the day after I entered it and it hasn't gone anywhere since then. The CPLP stock hasn't been moving much for the past week. It looks similar to EVEP in that it dived down below one trend line, but it seems to be dancing just above a much shallower secondary trend line that I expected it to break already. The weekly and monthly Stochastic and MACD indicators suggest that it is over-bought and should not be going back up much higher in the immediate future. However, the daily indicators are in the over-sold ranges. This suggests to me that if it doesn't break below this secondary trend line soon, CPLP will be basing at the current $8 level for about a month, eroding my position.

I haven't mentioned this position for some time, and it is about time I did. Maybe I will finally get it through my thick skull to let a looser go. It really does look like I again made a very bad move. Citigroup, Inc stock (C) hasn't been doing bad nor good for the past couple of months since it declined back in May of this year. I fully expected it to turn up a lot more a lot sooner. Unfortunately, instead of buying stock and selling call options against C, I bought 5 calls in expectation of better performance now that it has restructured itself and spinning off Primerica Inc (PRI). Oh well, wishful thinking. I am already more than 60% in the whole. My current forecast of C for the next four months until the expiration of the options is to almost break even at best. I'm so disappointed in myself. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update

In my last post I had spoke of putting in an order to sell a Call option against my position of the iShares Silver Trust ETF (SLV). That order never got executed because the value of my shares never went high enough to trigger the contingency. That is fine as I am just moving it over to the next months Call option.

Since then, however, I have been manually updating a stop order against my shares of EV Energy Partners, LP (EVEP). Today that stop was triggered and I captured a profit of a little under 32% including cost of commissions and fees. It is m opinion that EVEP will be pulling back between $32.50 and $30 before it . This particular opinion depends on it actually closing below a secondary trend line with an upcoming intersection of $34.52. I have this contingency in my opinion because for this triggered stop I used low of the of the "out of the ordinary" sell off and rebound in the stock back on the 6th of May as the starting point of the trend. In all honesty, I probably shouldn't have as such behavior is an anomaly and the low of May 21st was a lot more reasonable. However, profit is profit.

In addition to this profit taking, I am also taking the opinion that Capital Product Partners, LP (CPLP) is over bought again and will be repeating it's basing behavior. This time I believe it will base down around the $7 dollar range. As a result of my opinion I purchased the CPLP December 2010 $7.50 Put option. I choose this option because the December 2010 $10 Put is too expensive for my current cleared capital, the September 2010 $10 Put is to close in time, and none of the current $10 Call options will give me a satisfactory premium without risking the loss of the stock below my cost basis. I am also setting it up to Sell-To-Close (STC) after the underling stock drops below $7.50 I may be "leaving some money on the table", but I rather not be greedy. After all, there is always another trade to be made. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Order Executed

Today the order I had to buy back the Call option against my iShares Silver Trust ETF shares was executed at the dirt cheap price of $0.01 per contract share plus $0.65 in commission. This results in a profit of $26.74. Definitely not a lot, but definitely better than bank interest.

To continue with the objective of trying to at least do better than bank interest, I have entered an order for a Contingency Trade. When the last trade price for SLV breaks over $18.62, I will Sell-To-Open a SLV19AUG10 Call against my SLV shares at a contract share price of $0.46. The goal is to increase my monthly profit margin from 1.57% to a solid 2% of my average cost basis. I believe this to be a fully obtainable goal. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: OTO 50% Executed

Yesterday I posted that I was setting up a One-Triggers-Other order with the Capital Product Partners, LP options. Today, the option I sold against my shares of CPLP was bought to close for a lose to me. That is the first half of the OTO. The second part of the OTO is the order to sell to open the CPLP10Aug10 Call option against my shares of CPLP. The order is to sell at a higher limit value of $0.70 per contract share. Less the cost of commission that is a premium of about $64.39. It is just a matter of waiting to see if it will gain enough value to sell at that price. Because of how far out it is, I will probably have to wait a few weeks. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Change Of Opinion

In my last post I indicated an opinion that the market may not be done pulling back. I still think this is probably true. However, as for Capital Product Partners, LP, I don't think that pull back will happen before this coming option expiration. As a result, I am in danger of having my CPLP stock shares called away from me unless I Buy to Close the option I sold against it.

Unfortunately, the value of the option is now 150% of the value that I sold it at. In order for me to buy it back I have to free up some of the capital I have reserved for purchasing 10 shares of EV Energy Partners, LP. All things considered it was not looking likely that EVEP was going to come down to my desired price.

After canceling my Buy Order on EVEP, I entered a Buy to Close order on my CPLP7.50July10 Call option. While entering it, I set it up as a One-Triggers-Other order so that I will also have a Sell to Open order against my CPLP shares at the next highest available strike price - that is the CPLP10Aug10 Call. In the current week I am expecting CPLP to get as high as $9, maybe more. Being this far out from option expiration of August should provide enough time value to get a decent premium. Also the difference between the strike price of the option and the value I purchased the stock will result in a fairly acceptable profit to off-set the loss of the last trade. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Call Option Sold To Open

On the last day of the week, prior to the Independence Day weekend, I sold a $7.50July2010 Call option against my stock position of Capital Product Partners, LP (CPLP). The first day after the holiday was a slightly bullish day, but the option value did not close any higher. It is still my opinion that the stock will slide before the option expires. However, if it doesn't, I will be seeing a loss in the stock of about $26 which will be balanced out by all of the dividends I've earned so far and the premium I sold the option for. Although I see some bullish potential in CPLP, I am of the opinion that the market may not be done, pulling back just yet.

My current open orders are a Buy to Close order of the CPLP Call Option I sold, as mentioned above, a Buy to Close order of the iShares Silver Trust ETF (SLV) I have owned for a while, a Buy order of 10 more shares of EV Energy Partners, LP (EVEP) at price of $27.54 or less, and a Sell to Close order of my 5 contracts position of Citigroup Inc (C).

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Still Need To Work On Patience

As I am writing this I am dealing with a little bit of sellers remorse. A little over a month ago I wrote that I was comfortable with holding on to a call option I bought against Capital Product Partners, LLP (CPLP). In the week that just past, I was becoming exceedingly uncomfortable with my decision. As a result of the discomfort I progressively lowered my limit price to sell the option. In my mind I was attempting to capture as much of my remaining principle as I could. Anyway, today the sale of the call option finally triggered, but at a price less than 50% of the initial principle. The net result was a loss of a fraction over 60% ($91.21). What followed after the sale was that the option price continued to rise to a point at which I could have reduced my loss to about 45%. As I analyze the charts, I am seeing that I should be happy with what I was able to keep. However, I won't know for sure until September 17th.

In other news, I successfully sold a July2010 $19 Call option against my shares of the iShares Silver Trust ETF (SLV). My usual difficulty with selling against my shares is that in order for me to make money off of every share I have to sell an option at the next highest strike price from my most expensive share. I see this as a problem since SLV has a swing difference of up to $5, a 52-week high of $19.44 and I have 20 shares that were purchased above $18. This doesn't give me much room. I am actually looking forward to getting called out of my position of SLV so that I can cash in on my capital gains finally.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Captured Profits

It has been about a week since my last post. Since then, the equity markets have pulled back and returned back to where they were. The price movement of the last couple days and the short term technicals suggest the potential for another bull rally. However, the long term technicals are not in place yet.

Despite all this, I had a trade execute today. Unexpectedly, the United States Natural Gas Fund ETF (UNG) had a break-out day. As a result of this break-out day, my order to sell was triggered and I locked in more than my minimum desired gains. Unfortunately, this also means that I gave up on significant additional gains as the ETF closed even higher.

The good news is still better to me. I locked in more than 25% gains on this trade. Moving on to the next trade as these markets prepare to rally higher. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: New Option Position

Today was a strong bullish day in the market. This is a welcomed change in direction considering the bearish trend the markets are on. The question here is, is this an official change in direction or just a bounce before further declines? I believe this is the bounce that will turn into an uptrend.

I wasn't necessarily expecting a strong move today, but as I was expecting something I entered an order today to buy 5 December call options of CitiGroup Inc. (C) at the $4 strike price. I believe that at these prices there has been sufficient pull back for it to begin growing again. This order I put in was executed successfully and I followed it with an order to sell after gaining 25% net profit after commissions. That order was entered for the day only and I am going to be entering daily orders to sell so that I am able to set them with a qualifier of All-or-None.

The reason why I am putting in a sell order for a 25% gain is that I am trying to capture the gains that I believe that I can be certain of if it moves up strongly. If it gets to the point where I can start expecting greater gains I will eventually start putting in railing stop orders so that I can follow the slogan of "letting my losers loose, and letting my winners run." That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Premium Pocketed and Exercise in Patience

The Friday just past was option expiration for May options. I mention that because the Call option I sold against my iShares Silver Trust ETF position (SLV) expired for my benefit. The result of that is the pocketing of a little cash and the retention of 100 shares of SLV. Despite last week's meltdown, I am still positive. Should I hold on to my position or sell? Good question.

That is it for the pocketed premium portion, now for the patience exercise. Both my optionable position of Capital Product Partners, LP (CPLP) and the Call option I purchased is in the negative. To hold on to the Call option was irresponsible of me, but fortunately there are 4 months until expiration. I am going to take the opinion that it will level off and reverse before the 4 months is out. I am comfortable with my decision to hold onto the stock because the dividend payout is good for the earnings they make. I am not expecting large growth from this stock.

Unfortunately, the CPLP Call option wasn't the only irresponsible move I made. I also am still holding on to a Call option for the United States Natural Gas ETF (UNG). I am currently only down part of the commission cost. Fortunately, I have 5 months until expiration. I am going to continue to hold and be patient for this correction to return back up.

I am, however, going to make an adjustment to my expectations. I am going to recalculate my exits for smaller gains on these options. I am thinking somewhere around 25% plus the cost of round trip commissions. I shouldn't expect too strong of a rebound after this correction.

That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Partially Executed Option Trade

On Tuesday, May 18th, I had a STC (Sell-To-Close) option trade executed on my United States Natural Gas ETF (UNG) Call options. Unfortunately, due to a small form entry error on my part, the order was only partially executed. What I neglected to do, or was unable to do, was set it as an 'all or none' order. So as a result only one of my two call options sold and the actual profit taken on that trade is slightly less half of what I was expecting. At least until the other option sells.

In regards to that other Call option, since the option doesn't expire until October I have plenty of time to wait. To take advantage of that time, I bumped up the sell price to try and make up for the fact that this second sale will result in an extra commission cost. Sadly, the markets are not doing well at this time, and a lot of patience will be required. I don't see any current reason to believe that Natural Gas should decline drastically before recovering. If anything, I may buy a few Call options on UNG with expiration's further out.

A negative of my current strategy is that it does require a great deal of patience still. One example is that I just recently purchased a Call option on Capital Product Partners, LP (CPLP). Currently my stocks and Call option have taken a hit in there value. I am thinking the news about the oil spill in the Gulf of Mexico is adversely affecting it for little actual reason, purely out of sympathy because CPLP deals in the marine freight transportation of oil and gas. Fundamentally CPLP is strong with a fair price and earnings that are more than four times the dividend that it pays out to it's investors. Because of these good marks I will continue to hold the stock. I will be holding on to the Call option because I have until September before it expires, I believe the stock and the option will recover before then, and if I am right I will be able to sell the option for the planned 50% profit.

On another note, I appear to be ITM (in-the-money) with the Call option I sold against my shares of the iShares Silver Trust ETF (SLV). The ETF has pulled back over a dollar from the option strike price that I sold. This is totally unexpected by me, and a little disappointing since I was hoping it would hold above $18.50 at least until after expiration. Unless there is serious need for silver before the close on Friday, it looks like I will be keeping both the premium as well as the shares. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update, Orders Entered and Executed

I haven't posted since the 5th of May. Since then I have seen some promising behavior. To start, Capital Product Partners, LP (CPLP) has been stabilizing. The momentum indicators (Stochastic and MACD) are starting to turn back up, so I believe it shouldn't be going down any more in the near future. At the same time, it is looking uncertain that the Call option I bought on it will benefit from growth of the underlying stock as much as I initially estimated. As a result, I entered a Sell-To-Close (STC) order for what I initially thought was 50% profit. After seeing another order STC, that I will mention below, I am realizing that my math was a little bit off in reference to how commission affects the profit and will be making a slight adjustment.

My next portfolio position to mention is that of Brocade Communications Sys, Inc. (BRCD). The three Call options I purchased on it were hit pretty hard last week. However, I believed that my position value would go back up. As a result I made a STC order to capture as much profit on them as I could the next time it went up . Unfortunately, I didn't expect it to go up so quickly and so soon. As a result it executed the trigger price of the order today and I am now out of the position. This is also the position I was talking about earlier when discussing CPLP. As a result of a miscalculation of the commission cost, I am pocketing less than the intended 50% profit on the trade. I should have calculated 150% on the base cost I got in for and then added the round-trip commission costs on top of that value, and then divided that sum by the number of contract shares. That then would have given me the price to sell.

My next portfolio position to mention is that of the United States Natural Gas Fund ETF (UNG). The two Call options I purchased on it were also hit hard last week. I also believe that the value will go up eventually. As a result, I made a STC order to capture a reasonable 50% profit on the position. Unfortunately, the calculation for this order was also off, so I will be increasing it along with the one for CPLP.

Finally, the iShares Silver Trust ETF (SLV) peaked above the $19 strike price for the Call option I sold against my shares. As a result, I am less confident that I will be holding on to both the premium for the call option I sold as well as my shares of SLV. Although I am less confident, I am not concerned, because I will collect a nice profit on the transfer of the shares. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update, New Option Purchase, Current Positions and Opinion

On Monday, May 3rd 2010, I bought two call options on the United States Natural Gas ETF (UNG). The purchase was for the the $8 strike price to expire in October of 2010. The cost to me was only $114.25. My expectation is that the ETF will make it to $9 before October and that I will be able to sell it for about twice it's value. I expect this because the technicals on UNG are reading extremely over sold with climbing momentum. There is also a long way to go, and doubt in the market, so I will need all 5 months of time to see it through.

In my last post I voiced some concern that I might have gotten into a Capital Product Partners, LP call option too soon. Currently it appears my concerns were valid. The fortunate thing is that I have a lot of time left in my call option on CPLP that I can afford to wait and see what happens. I am currently in for a $195.60 and will have until September 2010 to wait to see if the market will take a turn for the better.

According to news coverage, it is expected that this Friday will have some promising information in the Jobs Report which should suggest that the recession is finally turning around. According to the same news coverage, most of this pull back for the past few days has a lot to do with the oil spill in the Gulf of Mexico. Additional news coverage has reported that British Petroleum (BP) is doing a responsible job of cleaning up the mess. If that is the case, and Friday is suppose to be promising, then now is the time to be investing and averaging down stock positions, so I am feeling comfortable about all that I have done to set my self up.

Currently I am collecting dividends on CPLP and EVEP (EV Energy Partners, LP). Both of them also have profit, although they have both taken a deep dip. I currently hold profit on a Brocade Communications Sys Inc call option and the underlying stock seems to only be taking a breather from it's already building momentum. I perceive that after the Jobs report all three of these will see a turn around.

One last thing is my position in the iShares Silver Trust ETF (SLV). Completely unexpected, it has been taking a beating. I completely expected for it to rise up and through the strike price of the Call Option I sold against it at the $19 strike price for this May 2010 expiration. Buy because of the devaluation it has received I am feeling more confident that SLV will continue to be held below the strike price and I will keep both my shares and the premium I collected on the option. We will see by the 21st of May. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update, Option Pick

I had an order in for the purchase of a Call option on Capital Product Partners, L.P. in the event that it broke above 9$. Today it did that, but only momentarily. As a result I am in the CPLP Sept10 7.50 Call option at a little more than the current asking price. I might have made a mistake getting in so early, but I believe that I bought an option with an expiration far enough out that I should see the break out to the upside in the near future and be able to profit off of that move. I believe that it should make it to 9.50 or 10$. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update

To start off this week I am selling another Call against my position in the iShares Silver Trust ETF. This Call is well out of the money at the $19 strike price, and as a result the premium after commissions is meager. There is no way for me to make money off of it by buying it back at any level. This will require that I hold it all the way through expiration.

The reason I chose the $19 strike price is simple. I have 20 shares of my position over $18. If the ETF were to close over $19 on option expiration, I would be automatically assigned the responsibility to relinquish my position, but at the same time, I profit off of all of the shares individually, not on an average. There are those that think Silver should be over $20, and I am one of them, but it has been muddling around below $19 for quite some time. I am willing to risk any additional profit by having it called away from me at $19, because I also believe that even if it does close above the strike price, it will eventually collapse back to around $17.

I would like to sell a call against Capital Product Partners, LP but it looks like it will be pulling off another one of it's breakouts again. For that reason I am preparing to purchase a Call option for a short hold. I don't have much free cash to invest, so I will be doing a lot of technical analysis in the coming weeks. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

It's Official

Well I have confirmed it. The Call option I had against my iShares Silver Trust position is no longer listed in my TradeKing account, but the shares are still there. With this opportunity, I will be selling against them again but this time at the $19 strike price. This way I profit off of all of the shares if they get called away from me by the next option expiration date.

As a side note. I had to recalculate my paper trade log as I had a feeling that I was being facetious with the numbers. In order for me to have made all of the trades that I did I would have needed to start off with a much larger account balance. The truth is that I only made 16% profit. Still not bad, but not nearly as glorious as my previous balance. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

My Jaw Dropped Today

Today news about Goldman Sachs (GS or affectionately called Goldman Sucks by some media personalities) had some very critical accusations posted about them in the news. As a result of the news, their stock took an immense beating today, and as the largest brokerage entity in the market, dragged the markets down with them.

Now that isn't what caused my jaw to drop today. Oh, no. What caused my jaw to drop was how it affected my portfolio to behave in the opposite way that I expected. It is generally assumed from history that as the stock market pulls back the price of the metals will go up. But because of the way GS is invested in the market and the details of the news that came out about them the metals actually pulled back with the market. So what does this mean for me? I am not sure yet, but for one thing I am assuming by the closing price of the iShares Silver Trust ETF (SLV, $17.41) I may not be called out of my position by the $18 strike price option I had sold against it a couple months ago. I should know by tomorrow if this is official, as the assignment of options is done over night after expiration.

The second thing that caused my jaw to drop wasn't in my TradeKing (http://www.tradeking.com) portfolio but in my paper trading portfolio. As I mentioned in my blog post yesterday, I would sell my position of Inspire Pharmaceuticals, Inc. (ISPH) if it closed over $6.90 and close my paper trading. Strangely enough today, on news that they received approval to market their dry eye treatment in Japan, ISPH moved up 97 cents for a close of $6.93. And as a man of my word, I am selling off my position and closing out my paper trades.

The other thing I said is that if it started to go up, I would buy a call option to hedge against my losses in the stock. But with this move, there is no point in buy the option since I am breaking above even. In fact, including the two covered calls I sold against my position over the almost three month hold of the stock, I made a total profit of $176 on a $1360 investment (12.9%, not deducting commissions). Not to bad.

After going over my paper trading log, this is what I see. Out of 32 trades, I was right or patient enough 22 times for a profit of $1264, and wrong or impatient 10 times for a loss of $242. This leaves me with a net profit of $1022 (not deducting commissions). If I actually had the cash I pretended to have, I would have made a turn around of about 50%. Not bad at all. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio and Paper Trade Update

It has been a week since my last post and nothing has changed in my portfolio until now. Friday is option expiration and I have one outstanding Sold-To-Open (STO) Call option out on my iShares Silver Trust ETF position (SLV). The Call option is for the $18 strike price and the ETF is at $18.07 at the close of today's trading day with an asking price that is higher than the current price and for a larger volume than the bid price. It certainly looks like I will be called out of my position by end of day on Friday.

It has been a really good run on the ETF and I am averaged down from my initial 10 share purchase so that I will make a profit on the transaction of about 6%, not including the premium I sold the option for. It is my opinion that SLV will probably pull back after option expiration so I will just have to wait and see if it drops and holds below $17.50 until the funds clear again. Hurray for me that it isn't a wash-sale if you make a profit.

I still have paper trades in effect and I am making a change to one of them today. Sprint (S) has done very well but there is only one month left until the expiration of the Call option that I "bought" on it, this means that unless it goes up further, time will decay it's value until all that is left is intrinsic value, or the amount between the strike price and the current stock value. Unfortunately even that isn't guaranteed. Since there is only 5 cents of additional time value left, I am going to take my "profit". It is absolutely possible that S could go up another 20 to 30 cents or more, but I don't have to take the risk.

After these two changes this week I am left with my stock positions of Capital Product Partners, LP (CPLP); EV Energy Partners, LP (EVEP); my Bought-To-Open (BTO) Call options on Brocade Communications Sys Inc. (BRCD); and my paper trade on Inspire Pharmaceuticals, Inc. (ISPH). ISPH did the head-and-shoulders chart pattern I expected but stopped dropping after passing the neck of the pattern. It looks like it is consolidating for another move up. If it does move up above the downward trending resistance line I have charted with a current price of $6.25, I may buy a Call option on the stock to attempt to hedge against the losses in the stock. And if the stock closes above $6.90, I will sell the stock to close off all of my paper trading. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update

On April 2nd, I posted that I would be resetting my order to purchase Call Options of BRCD that would be set to expire in October 2010 instead of this July. I did so, and on April 6th the contingency was triggered, but my trade order did not get executed. It actually was cancelled due to a suspected user error, my own. I apparently set the limit order way to high; and as a precaution, my online broker, TradeKing (www.tradeking.com) cancelled it for my own good and sent me an email notifying me of the situation. Wasn't that nice of them?

Anyway, I resubmitted it that night, with a reasonable limit price, and the following day, April 7th, the contingency was triggered again. As of now I am the owner of 3 BRCD OCT 10 $6 Calls. I have a minimum target of $7 before July.

In other news, the ETF SLV has been moving up in bursts with small movements throughout the day. In the current week, though, the price movement has been narrow but without the bursts. It may be leveling off and calling it an end of a cycle, but at the same time it is dangerously close to $18. If it closes above the $18 strike price, I will probably have to relinquish my shares. The result will only be about a 5% profit after commissions, but the good news is that I also get to keep the premium I sold the Call option for and I free up all of that capital for more trades. There are only 9 days left, so I will just sit and wait.

As a quick note, I have been monitoring the chart of ISPH for a few weeks now. Since I am only paper trading it, there is no big concern for me. The thing about ISPH is that it looks like it has created a head-and-shoulders chart pattern and may soon take a dive. I suspect that if it does, it will drop to about $5. If there was more capital in my paper trading scenario I would buy more than just a few Put options and capitalize on the small but very likely move. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Option Pick Adjustment

There is nothing really new to report in my portfolio. CPLP and EVEP are both maintaining their value. However, SLV is gaining value at a pace faster than hoped for and looks like I may have my shares called away from me by this next expiration. I will just have to wait and see if I will be able to buy them back after the expiration date after next.

My current open order to buy 2 BQB July 2010 $6 Call options when BRCD breaks above $6 is loosing time to be executed and with that also becoming much cheaper. Along with these options becoming cheaper are other options with more time. Because of that, I am cancelling the current open order and setting an order to buy 2 BQB October 2010 $6 Call options when BRCD breaks above $6. This will cost me a bit more, but it will give me a few more months to hold as the stock goes up in value. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

New Option Pick

I have decided that I am going to put a toe into the options only market again. For this trade I am going to use the underlying stock of BRCD, Brocade Communications Sys Inc. There isn't anything that is fundamentally strong about this stock in any significant way.

There are a few things of interest about it. It is second in it's industry, Cisco is number one. It has been out performing the S&P 500 for the past year. And the estimated ROI is a solid multiple. Other than that, it has been in a downward trend for five months.

Technically speaking, its daily Stochastic and MACD indicators suggest that it is building momentum for positive gains. The weekly versions of the Stochastic and MACD indicators suggest that it is way oversold and is due for a turn around. I am taking the position that it will be doing so if it breaks above $6 a share.

For these reasons I am buying 2 BQB July 2010 $6 Call options if BRCD trades above $6. I am also setting a price limit of $1.05 per contract share on the option purchase to prevent the purchase of the option if the stock breaks out more than expected. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update

Over the weekend I thought about my current track record with the trading strategies that I have been using. After careful thought, I have decided that I no longer need to post as frequently or as detailed if there is really not much to post about. So, unless I start to slip, I will only be posting changes to my portfolio. In those posts I will continue to explain my reasons for making the changes.

As of today, these are my current holdings. I am currently still in my optionable position with CPLP. I am currently waiting for CPLP to gain back value so that I may sell a Covered Call against it at a higher strike price. I have a 10 share position with EVEP which pays a fair dividend. I currently still hold an optionable position with the silver ETF, SLV. I also have an open Covered Call sold against those shares for the $18 strike price due to expire in April. I have 26 days until then.

As for my paper trades, I will also only be reporting on them if I make a change. I still "hold" an optionable position in ISPH. I also "hold" a Call option on S at the $3.50 strike price due to expire in May. With 61 days until expiration, I have plenty of time to wait and see what happens. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update

CPLP had a more bearish than recent day on less than average volume. The price movement opened lower and went down practically the whole day but eventually recovered some of the loss. With an official change in price direction put in, the Stochastic indicator has changed directions sharply, pointing towards its signal line. The MACD has also broken below its signal line and the zero line. I believe there will be a decline in this stock to about $8.

EVEP had a strong bearish day on slightly greater than average volume. The price movement opened and then dropped hard. By the end of the day it was only able to recover about half of the losses. As a result, the Stochastic and MACD indicators are both averaging down and are continuing to do so. I believe $30 is a fare estimation of where it will drop to before settling down, but it could also go down as far as $29 before a solid recovery move occurs.

SLV had a strong bearish day on slightly greater than average volume, as well. The price movement, however, did not recover more than 1 cent before the close. As a result, both the Stochastic and MACD indicators turned down sharply. If there is a close below $16.50 at the beginning of next week, I will be certain that the ETF will drop to about $15.70 before it recovers.

My paper trades were as follows. ISPH had a barely noticeable bull move. This could be a flattening point, but I am not going to comment further on the equity. What I am going to comment on is that this today is option expiration and the Call options I "sold" against my shares would not have been exercised against since the $7.50 strike price was not surpassed. As a result those two small contracts, grossed me $20 I can use towards the "purchase" of future paper trades. Finally S had a bearish day, which also resulted in a slight decrease in the value of the Call option I "bought." Although I still have $16 unrealized profit I am willing to risk all of it plus some, because on a weekly basis, the technicals are just now turning up from bottoming. I believe S will be pushing higher for the next two months that I have on the Call options I "bought."

As a recap, last night I "sold" my Call options on AUO, GLW, GME, and LEAP. Today, both GLW and LEAP put in new closing highs. In situations like this it would have been great to put in a trailing stop or contingency stop trade in instead of cold selling. This is when you have to remember that sometimes it is safer to leave money on the table. Especially when dealing with the volatility of options. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was pretty much the same as yesterday. The Stochastic indicator is still going up, but the MACD has come down enough to contact its signal line. I see no reason to believe that the stock will be going up anytime soon, but I do believe that it will be going down soon.

EVEP had a bullish day on higher than average volume. The price movement was bearish after the open but eventually recovered enough to close higher. The Stochastic indicator is continuing to fall as well as the MACD indicator. The low was higher than the previous day suggesting the possibility of a of a bounce back up, but I don't believe that will be sustained.

SLV had an unchanged price on below average volume. The Stochastic indicator has reduced its decent but has yet to return back up. The MACD indicator is overlapping its signal line. I believe SLV will return to dropping in price and the Call option I sold will continue to be safe from being exercised.

My paper trades are as follows. ISPH had a slightly bullish day. The Call options I "sold" are doing well for me as the value I would have to "buy" them back for has not come back up. S had a very bullish day, increasing the value of the Call options I "bought." My AUO Call option is unchanged. My GLW Call options gained more today. Glad I waited to see what would happen. My GME option also gained value. My LEAP Call option lost a little value today. After analyzing all of the underlying stocks, I am going to "sell" the Call options for AUO, GLW, GME, and LEAP. That is significant profit from 22%-87%. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was is adding to the sideways movement of the stock. I find it strange that the Stochastic indicator is still rising although the stock is not, but I am not surprised that the MACD is finally turning down toward it's signal line.

EVEP had a bearish day on much greater than average volume. The price movement was out of the ordinary, though. The price gaped down over a dollar a share and then after rising back up and then back down again even further it settled up for the day but down around the low of the previous day. The Stochastic indicator is in the overbought range but currently going down. The MACD indicator is also heading down. I perceive that the stock will be going down to about $30 a share if not a little further.

SLV had a bullish day on less than average volume. The price movement was not impressive at all, suggesting very little. The Stochastic indicator is still traveling down but has slowed a little. The MACD indicator, however, has pulled back up and is in contact with its signal line. Weighted with the price movement, this suggests a resistance to decline. This should be expected in the current price range of $16.50 and $17.50 as oscillation occurred here back in December. Future buy and selling would be wise just outside of this range depending on the position of direction of the technical indicators. My sold call option was unchanged and is still safe from being exercised against at this time.

Now for my paper trades. ISPH had a bearish day, which degrades the value of the shares I "own" but is preserving the premium of the call options I "sold" against them. S had a bullish day returning the value of the call options I "bought." It is currently at break even. My other paper trades, AUO, GLW, GME, and LEAP all had a bullish day. As a result the options I "bought" are all profitable right now. The only one I have significant concerns about is GLW as it is part of the construction industry sector and the Stochastic for the stock is in the overbought range and showing signs of weakness. Their is just under 40% appreciation in this position, which is significant enough to collect on, but the current bid and ask prices are higher than the current price. This suggests to me possible growth tomorrow that I want to wait and see for. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a small gain. The Stochastic and MACD indicators both moved up despite the actual lack of significant price movement. There will probably be further stagnation of the stock.

EVEP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a fair gain. The Stochastic indicator is still way overbought and actually climbed back above its signal line. The MACD indicator stayed near its signal line but didn't cross over it. This $33 level seems to be perpetuating a significant resistance level.

SLV had a very bullish day as it gaped up on below average volume. The price movement was bearish after the initial open but only by a few cents. The Stochastic indicator turned up toward its signal line but did not cross above it. The MACD indicator also turned up but did not cross above its signal line. Since the Stochastic is overbought, I am not currently inclined to believe that this out of the ordinary move is going to continue up toward or past the strike price of the call option I sold against my shares.

My paper trades where a mixture as usual. ISPH had a bearish day which reduced the value of my shares but depreciated the value of the call options is "sold" against them. S had a bearish day which depreciated the value of the options I "bought." AUO had a very bullish day but the lack of options trading against it prevented the value of the call option I "bought" from going up. GLW had a bullish day, returning some of the value to the call options I "bought." GME had a bearish day as it resists the opportunity to go above $20, causing a slight depreciation in the value of the call option I "bought." LEAP had a another moderately bullish day, but because of lack of option trading, the value of my call option is unchanged. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement opened higher but pulled back only. As a result the Stochastic and MACD indicators absorbed the changes and slowed down their ascents. The security is looking very stagnant.

EVEP had a bearish day on less than average volume. The price movement opened lower and closed even lower. As a result the Stochastic and MACD indicators descended. Their seems to be a very definate change in direction towards the down side.

SLV had a bearish day on less than average volume. The price movement opened lower but made a slightly bullish move up. This move up was very small, so as a result the Stochastic and MACD indicators continued their downward averaging. Since I have a sold call option against my shares this leaves my shares in a safer position from being exercised away from me.

My paper trades are a mixture, so this is how they turned out. ISPH had a bearish day in general although the price movement was very bullish after it opened extremely lower. This negates the value of the shares I have "purchased" but the chance of the call options I "sold" against those shares being exercised against me is also dropping, allowing me a better chance of keeping the premium. S had a bearish day, decreasing the value of the call option I "purchased." I don't see this as a good thing, but there is a lot of time left in the option, so I might continue to wait on it. The call options I have "purchased" on AUO, GME, and LEAP all had unchanged days in comparison to the previous day. GLW is the only one that had a change, but it was slightly bearish move after starting out even more bearish. Since there is so much time available to me in these options, I will probably continue to hold on to them a little longer. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bullish day on better than average volume. The price movement saw a large dip but recovered and gained some before the close. The Stochastic and MACD indicators both gained grown. The stagnant position seems to be continuing and believe it will continue until next week.

EVEP had a bearish day on below average volume. The price movement attempted to go higher but completely collapsed creating a lower low before working it's way back up to $32.50. This is a pivotal day for the stock as the Stochastic indicator has been overbought for a while. The MACD reacted to the negative change in price by not moving up at all. I think the pull pack is occurring now or at least will be a very stagnant trend for a stretch of time.

SLV had a bearish day on below average volume. The price movement started higher but could not maintain any gains. It eventually pulled back below high of yesterday but closed a little under it. The Stochastic and MACD indicators both averaged this out into a decrease in momentum. The most likely future behavior seems to be an oscillation between $16.50 and $17.50 a share.

My paper trading saw some depreciation with partial appreciations. ISPH had a bullish day after some bearish trading through the day. I the Call options I "sold" on it are still safe for now. S was bearish and as a result the Call options I "bought" saw a decline a lot greater than expected. It is currently at a resistance level so I am not totally surprised. I will give it another trading day at least. My AUO Call option didn't depreciate any so I will give it a chance to redeem itself. My GLW Call options did depreciate a little bit more, but the chart looks suspicious. To me it looks like a potential "fake out" I want to give them another day. My GME Call option also had a bearish day but only after moving higher first, so the loss was minimal. I will be giving it another day. My LEAP Call option was again unchanged but this time as the underlying stock had a bearish day. Overall my paper trades are seeing profit, I think I am in a good position with time to watch. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bullish day on less than average volume. The price movement was solid but not nearly strong enough to reach higher than yesterday's open. The Stochastic indicator reacted favorably to the price movement and crossed above it's signal line. The MACD indicator moved higher above it's signal line, as well. This is looking like no more than a slight pull back.

EVEP had a bullish day on less than average volume. The price movement was solid and advanced slightly higher than expected but not by much. The Stochastic is still holding steady at it's overbought price and the MACD indicator is continuing to extend higher. I am still sceptical that it will advance any extraordinary amount above it's current price. A pull back is due.

SLV had a bullish day on less than average volume. The price movement was solid but only advanced slightly higher than the previous day's close. As a result both the Stochastic and MACD indicators are still pointing down and are below their signal lines. I believe further pulling back is probable although it may just oscillate below the $17.50 range for a little while.

My paper trades saw some potential profit today. ISPH went up today for the third day in a row since the release of their earnings. As a result the shares I "own" are now making profit, but the option I "sold" against it will eat into that if I have to "buy" it back in order to save my shares. I will not be "buying" it back because if it does get "exercised" it will only be closing a profitable transaction since the strike price of the option I "sold" is above the price I "bought" the stock. S had a bullish day but not strong enough to increase the value of the option I "own". My AUO and GLW options had bearish days, and are looking like potential flops. I will "sell" them if they do not turn around, or at least stop going down. MY GME option had a bullish day but the LEAP option was stagnant in it's price movement, holding on to it's current gains. The market's are holding strong, but are very overbought and due for a pull back. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on slightly greater than average volume. The price movement started higher and fell all day with a slight recovery. The Stochastic indicator was already heading down and moved down lower. On the other hand, the MACD indicator was going up but turned back down and contacted it's signal line. Stagnation seems to be continuing for this stock.

EVEP had a bullish day on slightly less than average volume. The price movement was opened where it closed the day before, but had strong bullish movement all the way to the closing bell. Because of being in the overbought condition for such a long time, the Stochastic indicator has actually dropped below it's signal line. The MACD indicator does not have the same averaging effect so it has continued to climb. This is about the highest that this stock has been for a while. I personally didn't think it would reach this high again, but I am not changing my opinion that it will probably not extend above this level, or at least will not remain above it for any extended amount of time.

SLV had a bearish day on greater than average volume. The price movement started higher and extended higher, but collapsed to the close near the low of the previous day. On this day, the Stochastic and MACD indicators have crossed below their signal lines. I believe it will not extend any higher than $17.50 a share for some time, at best. I am inclined to believe that it will fall to around $16.

My paper trades are looking more promising. ISPH had a bullish day with a very wide price range. As a result of the bullish move the price of the call option I sold against my shares has lost some of it's value. To "buy" it back at this time would result in a $4 loss. It is wiser to let it continue as is. Either I will profit after it is "exercised" or will be able to "sell" more options after the current ones expire. S gained a little value today and my Call options profited as a result. My options on AUO, GLW, GME, and LEAP were all unchanged but the underlying stocks are still likely to climb, so the options are also. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was small but left the Stochastic and MACD indicators practically unaffected. Nothing more to really say about it at present.

EVEP had a slightly bullish day on less than average volume. The price movement was larger than the end of day change. The Stochastic indicator is practically unchanged as it's signal line contacts it. The MACD indicator still climbed but is weakening. It is my opinion that EVEP has topped out.

SLV had a bullish day on less than average volume. The price movement originated much lower and pushed it's way back up. The Stochastic indicator moved up slightly, but is in the overbought range. The MACD indicator appears unchanged. With higher-highs now becoming lower-highs, this is a definite pivot back down. With so many indicators in the overbought range, it is my opinion that my sold call option is secure from being exercised through the next option expiration.

My paper trades saw some ups today. ISPH had a 4Q financials inspired bull rally today with my "sold" call options against my shares at a strike price 70 cents over my entry, I don't see it being exercised against since the technicals have just recently dropped out of the over bought range. I perceive the stock doing no more than challenging the top. S finally broke through a declining trend line, but now has a resistance level to break through. As a result, the call options I "bought" are now indicating profit. Yesterday I "purchased" a few more call options. Of them, GLW and LEAP made profit while AUO was unchanged and GME slipped back a little. The stagnation of AUO and drop of GME seems to only be a temporary event in my opinion. I will continue to hold for now. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a slightly bullish day on less than average volume. The price movement was minimal but the Stochastic indicator has slowed down it's decent some more, while the MACD indicator has increased it's incline. It is not yet the time for me to sell a call against my shares.

EVEP had a bullish day on less than average volume. The price movement was better than average as it opened with a gap up and closed even higher. The Stochastic indicator is already in the overbought range, but the MACD indicator has increased it's upward slope. The current resistance is $32.50, but it might break that before coming back down.

SLV had a bearish day on less than average volume. The price movement was negative after opening higher. With the Stochastic indicator in the overbought range and the MACD indicator at levels it has seen before and showing weakness, the ETF could be putting in a top for this run.

My paper trades appear to be going as planned now. ISPH had a bearish day, which is okay as the Call options I "sold" against the shares is becoming more secure against being exercised. S had a really bullish day, yet didn't finish as high as it had gone. However, the Call options I "bought" regained value a good amount of their value and look promising for further gains.

I am watching a few stocks to see if they are ready to be placing Puts against. A few of them are MED, DWA, and PLL. I don't think they are ready yet. I do, however, have a few Call options to add. They are GME, GLW, LEAP, and AUO. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a slightly bullish day on below average volume. The price movement was very small with more down than up. As a result the Stochastic indicator only slowed down a little bit, while the MACD indicator edged up slightly. I cancelled my attempt at selling a call option against my stock as I no longer see any reason to sell against it if it is moving back up at this current time. I will wait for it to pivot back down before putting in another sell order.


EVEP had a bullish day on below average volume. The price movement was generally positive, and as a result the Stochastic indicator continued to rise in the overbought range and the MACD indicator reversed into an upward direction. The pace is steady.


SLV had a bullish day on below average volume. The price movement was generally positive and as a result the Stochastic indicator pushed higher into the overbought range and the MACD indicator continued to go up. The pace seems to be slowing verses that from the end of last week until the middle of this week. My sold call option against my shares still seems secure at present. But if SLV continues to go up all the way through the April expiration of the Call option, I may be exercised against for a gross profit of only $12.20. That is pretty much break-even. Not something I am looking forward to as I would like to be able to sell another call option, to expire in July, against my shares.


As for my paper trades, another mixed bag. S had a barely bullish day, which negatively affects the value of the Call option I "own" due to time decay overpowering the gain of intrinsic value. I have plenty of time to hold onto it so I will. ISPH had a bearish day which protects the Call option I "sold" against the shares I "own". I have two more weeks to wait before I can claim the premium and the shares. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bullish day on less than average volume, but only because its open occurred after a gap up and did not close below the previous day's close. The price movement did not affect the Stochastic indicators downward trajectory, but the MACD indicator continued it's upward turn to contact its signal line. Considering that my attempt at selling a call option against my shares at the current price has failed due to lack of interest. I will wait for it to gain some more value, if that is what it is doing and attempt again when it looks like it will be pivoting down again.

EVEP had a bearish day on less than average volume after opening higher. The price movement is now affecting both the Stochastic and MACD indicators. The Stochastic is beginning to stall out and the MACD is starting to turn down. I don't see the stock going up in value in the immediate future. I wish I had more skin in the game with this stock as I would sell a call option against it at the $30 level as I believe it will actually go drop below that strike price before option expiration.

SLV had a bearish day on less than average volume after opening higher. The price movement is affecting the Stochastic and MACD indicators but not drastically. The Stochastic has stalled but the MACD has only slowed down. From here it looks like it will stall out or drop for the immediate future. It is at this time that I should have sold the call option against the shares, but I will be content with the price I did sell it at and wait for the next opportunity to sell against it if it stalls out and drops as I am expecting it to.

My paper trades are looking relatively poor, with one exception. S had a down day, which doesn't benefit my Call on the stock at all. In fact, it actually negatively impacts it. The stock still looks like it is getting ready to rise and I have plenty of time on the option, so I will wait a little bit longer. ISPH had a bearish day, also. But the good news is that I have a sold call recorded against my ISPH shares. This benefits me in that the premium I sold it for continues to stay in my pocket as long as I don't "buy" it back before option expiration. The catch to that is that I am betting the value of my shares at a higher strike price that it will stay lower. I am feeling confident that ISPH will not reach the strike price I "sold" the option for. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bullish day on less than average volume. The price movement opened above the previous close and did not put in a lower-low. At the end of the day it was up. The Stochastic indicator did not react to this, but the MACD indicator turned back up towards it's signal line. If someone would want to get in at this point, they could, but should be careful about falling below $8.50.

EVEP closed unchanged after moving both higher and lower on below average volume. After three relatively flat days with higher-highs becoming lower-highs, the Stochastic indicator is still not turning down, but the MACD indicator is. It would be wise protect one's principle and profit by either selling off or buying puts. One could also sell calls against their stock if they had enough skin in the game. I, however, do not. I will hold on to my 10 shares and continue to collect on the dividends.

SLV had a bullish day on better than average volume. The price movement had a bearish close after opening with a large gap up. As a result the Stochastic and MACD indicators continued to move up. I have a bit of concern after a stock makes a move like SLV did today. I usually see the stock either flatten out for a little or begin to pull back. With the Stochastic indicator in the overbought range, I am inclined to believe that it will be pulling back. But since it is not that deep into the overbought range, it may still make it to $17.50 before pulling back.

My paper trades were mixed today. S pulled back further today, put I believe it is only temporary. ISPH sky-rocketed today to break through a declining resistance line as well as the most recent peak. With the Stochastic indicator already in the overbought range and on the decline, I believe it to only be a temporary spike, and the recorded sale of my call option should be safe. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement was a small move down after opening at the previous close. As no surprise, the Stochastic and MACD indicators continued to slide. The most recent low has been reached today and there is little to suggest it won't fall through tomorrow. The Call option I tried to sell against my stock did not go through today. I will consider a different strategy for it.

EVEP had a bullish day on less than average volume. The price movement was a small increase after opening slightly higher than the previous day's close. The Stochastic and MACD indicators continued to climb, but the MACD is beginning to suggest that the move is coming to an end.

SLV had a bullish day on above average volume. The price movement was a large increase after opening with a gap above the previous day's close. As no surprise, the Stochastic and MACD indicators continued to rise. Something of note is that the Stochastic is weakening slightly while the MACD strengthened. This is because the average of late February pull back is working it's way in. The Call option I tried to sell against my shares of the ETF was executed today. This means that I have the obligation to relinquish my 100 shares of the SLV ETF in the even that it exceeds $18. I do not believe that SLV will reach and maintain that amount by the end of the next 45 days.

My paper trades all suffered a little as both S and ISPH had bearish days. The call option I have recorded as a sale against my ISPH paper shares remains only slightly bad as the buy-back cost has not reason since it did last week. All around, an okay day. That is my option, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on below average volume. The price movement started higher but fell through the day. As a result, the Stochastic and MACD indicators continued to go down. The most recent low didn't get blown out so there is a possibility of future gains.

EVEP had a bearish day on below average volume. The price movement was very narrow. As a result, the Stochastic and MACD indicators continued to climb. There is a possibility of further growth and no current reason to expect a decline.

SLV had a bullish day on less than average volume. The price movement on the day was bearish after a gap up to the high of yesterday, but remained above yesterday's close. As a result, the Stochastic and MACD indicators continued to go up. The price is currently challenging resistance at $16.25, and if it breaks through has $17.50 as a target.

As for my paper trades, I have another mixed bag. S went up, and as a result my call options on it gained back some more of their value. ISPH went up, also. However, since I sold calls against my stock, the value at which I would have to buy them back went up a little. But since my sold call options are for a strike price more than a dollar above the current price, with little support to reach that level, I will let it remain in play.

I am assuming I have a good idea about how high CPLP and SLV may go in the next month and a half based on the slope of the stocks trading in the past. As a result, I am selling calls against my stock. I have put in orders for tomorrow and will update with the results in the next post. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLPL had a bearish day on less than average volume. The price movement was narrow but the low was higher than the previous day's. The result was the Stochastic and MACD indicators still going down, but maintaining a shallow decline. I think it may continue to go up a little more.

EVEP had a bullish day on less than average volume. The price movement was also bullish and resulted in Stochastic and MACD indicators still moving up. I am bullish this stock still.

SLV had a bullish day on less than average volume. The price movement was also bullish after a gap up and resulted in the Stochastic and MACD indicators turning up more. The high on this price movement out did the high of last Friday suggesting that further gains are possible. I am still bullish this move.

My paper trades saw a mixture. S had a bullish day and my call options followed suit. As a result some of the loss on it has been returned, but much is left to regain. ISPH had a bearish day after starting up a little bit. Although the low was higher, there is not enough to determine that this may be a change of direction. My sold call options against it are in good standing still. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a slightly bullish day after a bearish open on less than average volume. The price movement was small and not enough to turn the Stochastic and MACD indicator back up. Further decline is more likely.

EVEP had a bullish day on below average volume. The price movement was fairly average and started under yesterday's close. This didn't affect the upward direction of the Stochastic and MACD indicators. My first instinct is that it is loosing strength and will be pulling back.

SLV had a very bullish day on below average volume. The price movement was very aggressive but only after starting well below the low of the past two trading days. The Stochastic and MACD indicators reacted positively to this by rising. I believe that if this is the next rally, it should go to about $16.50.

My paper trades saw a mixture of news. S had a positive day, as was anticipated, and as a result my call option on it rose a little bit. More days like this are required. ISPH, however, had another bearish day as was expected. Fortunately for me, that is a good thing in a small way since I am recorded the sale of call options against my paper position. That give me money in the pocket as long as it continues to go down as is being expected. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on less than average volume. The price movement started higher but fell through the day. The Stochastic and MACD indicators are being dragged down as a result. I really want to sell an option against my stock but the next strike price is under the current price.

EVEP had a bullish day on less than average volume. The price movement started lower and climbed through the day. The Stochastic and MACD indicators continued to rise as a result. I think it is wise to hold on still.

SLV had a bullish day on less than average volume. The price movement started lower and climbed slightly through the day. The Stochastic indicator still slowed down a little, but the MACD stopped it's pull back and when sideways. The low of the day was higher than yesterday so this could be the end of a pull back and the return of the upward move.

As for my paper trades, all of the stocks I pulled out of yesterday attempted to recover today. Only OPWV did not succeed at making any gains. My call option on S is continuing to be a looser, but I am expecting a change to occur soon. And my stock of ISPH is looking like it will not be gaining back any more value. I am recording the sale of two call options against the position. That is my opinion, you can take it or leave it.

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Portfolio Update

CPLP had a bearish day on ten times average volume. It opened with a huge gap down but eventually closed slightly higher. The price movement caused the Stochastic indicator to slow down and the MACD to sharply turn down. Looking at the news, it appears the drop was based on CPLP liquidating the stock to make an acquisition of a medium range product tanker vessel. The fundamentals are still good, so far, so I am going to continue to hold. I would have like to sell an option against it the day before but my lack of attention towards the news is the cause of my failure.

EVEP had a bearish day on less than average volume. The price movement was small and just below the yesterday's meager price movement. The Stochastic indicator barely slowed down, but the MACD indicator is showing an obvious slow down. A small pull back seems most likely. Maybe as far as $29 or a little under.

SLV had a bearish day on less than average volume. The price movement was started off with a gap down and continued to slide a little more. There will probably be a little more pulling back but I don't think it will be pulling back a lot more.

As for my paper trades, there was a lot of red and as a result there is a lot of cutting off occurring as well. JADE had a bearish day and I am selling off all of my positions to take my $12 gain on the stock and $30 gain on the call option. JPM had a bearish day and I am selling off all of my positions to take my $4 gain on the stock and $20 loss on the call option. S also had a bearish day, but long term seems to have a good chance of regaining much of the loss back, I am holding on to the call option for a little while longer. I suspect I will sell it sometime next week. That is my opinion, you can take it or leave it.

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