Portfolio Update

With option expiration passing along with Harold Camping's bogus rapture prediction, this is how my portfolio has changed. The Put option I STO against my cash for CPLP was executed, so I am back into the stock where I was Called out of it a month ago. The benefit of this is that I am not subject to the wash sale rule.

CIM didn't move high enough to trigger the Call option order I STO against the existing shares that I do own. This month, I don't think I will attempt to sell against my current shares. However, with favorable conditions I will still be Put into the 300 shares of CIM by next option expiration just before the stock climbs through the 4$ strike price.

DWA moved down even further decreasing the value of my position in it and negating my order to STO a Call option against my shares from ever being put through. I would really like to see this summer's gas prices keep people going to the theaters for entertainment instead of traveling so that I can at least see a premium for STO a call option against my shares, but that is a bias position considering my stake.

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


CIM - Chimera Investment Corp.
CPLP - Capital Product Partners, LP
DWA - Dreamworks Animation SKG, Inc.
STO - sell-to-open / sold-to-open / selling-to-open

Putting Myself Into A Position

I am really liking the idea of buying low and selling high. I even like it more with the extra income that comes along with selling options against my cash, which then puts me in or calls me out of a position.

On Thursday I STO three options against my cash for the obligation to buy 300 shares of CIM in the event that it does not break back above 4$ a share before the June expiration date. I think this is a fairly good deal seeing as the company pays out a hefty dividend and shows earnings that can actually support it. As a matter of fact I currently own 100 shares because I did a single order over a month ago.

It is my expectation that I will probably not get put into the 300 share position of CIM since there is so much time between now and the June expiration for those options. But, as always, time will tell. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

CIM - Chimera Investment Corp.
STO - sell-to-open/sold-to-open

Late Portfolio Update

Life sometimes just gets in the way. Sometimes it is welcomed, but still a distraction. Anyway, I am back, and here is my update. My CPLP Call was executed and my shares called away. Also, my CIM Put was executed and 100 shares were put to me.

With the clearing of those transactions I have already STO one Put option against my cash to re-enter a position of CPLP. I am currently waiting to see how my two open orders against my shares of DWA and CIM work out. I hesitate to believe that I will be seeing premium for these two orders this month, but DWA is looking like something is about to happen and CIM is already climbing back up. With 18 days left, time will tell. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

CIM - Chimera Investment Corporation
CPLP - Capital Product Partners, LP
DWA - Dreamworks Animation SKG Inc
STO - sold-to-open/sell-to-open