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
Monday, March 22, 2010
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
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
Friday, March 19, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 18, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, March 17, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, March 16, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, March 15, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, March 12, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 11, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, March 10, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, March 9, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, March 8, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, March 5, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 4, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, March 3, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, March 2, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, March 1, 2010
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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