In my effort to keep this blog up to date with my trade activity, I have something I need to report. This week, on the 13th of November, I rolled over my SAND option position. The action of rolling simply means that I swapped one position for another with a later expiration, sometimes also changing the strike price and/or direction.
Prior to this change, I held the SAND Nov 17 2012 15.00 Call. I rolled it over into the SAND Dec 22 2012 15.00 Call. This was at a cost to me of an additional $46.32 after all fees and commissions were applied. So I will be looking for a brake-even point of $1.52 per contact share or better.
That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
SAND - Sandstorm Gold Ltd.
Showing posts with label speculation. Show all posts
Showing posts with label speculation. Show all posts
Thursday, November 15, 2012
Sunday, July 17, 2011
Portfolio Update
It has been almost a full month since my last post and option expiration has come and gone. Nothing has changed in my portfolio other than the value of my positions. Currently all but one of my positions is running at a negative capital value. This one exception is a covered call I have on my shares of DWA.
The idea here is to make money off of my losers when I really don't think they should not be losers. For instance, DWA has had a lot of really good movies come out this summer. However, that may have been their down fall as the crowds at the theaters have been really light. Most likely because the economy is still really weak and people are even more scared of spending money than I though they would be during the summer.
My other two positions, CIM and CPLP are also currently running at a negative. CIM has recently put in a new 52-week low of 3.18$, and closed this week at 3.25$. Approximately a 20% decline from the 4$ strike price of two of my previous option plays put me in. My orders to sell calls against my shares has yet to be executed so I currently have no hedge in place at the moment. I am curious to see how low it will go, and out of speculation created a put option at the 2.50$ strike price set to expire December 2011.
The situation with my shares of CPLP is relatively the same. CPLP has hit a new 52-week low of 7.86$, but has recovered some the value back since the beginning of last month. However, it is still far from the 10$ strike price of one of my previous option plays put me in. My order to sell a call against my shares has yet to be executed so I currently have no hedge in place at the moment, either.
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.
The idea here is to make money off of my losers when I really don't think they should not be losers. For instance, DWA has had a lot of really good movies come out this summer. However, that may have been their down fall as the crowds at the theaters have been really light. Most likely because the economy is still really weak and people are even more scared of spending money than I though they would be during the summer.
My other two positions, CIM and CPLP are also currently running at a negative. CIM has recently put in a new 52-week low of 3.18$, and closed this week at 3.25$. Approximately a 20% decline from the 4$ strike price of two of my previous option plays put me in. My orders to sell calls against my shares has yet to be executed so I currently have no hedge in place at the moment. I am curious to see how low it will go, and out of speculation created a put option at the 2.50$ strike price set to expire December 2011.
The situation with my shares of CPLP is relatively the same. CPLP has hit a new 52-week low of 7.86$, but has recovered some the value back since the beginning of last month. However, it is still far from the 10$ strike price of one of my previous option plays put me in. My order to sell a call against my shares has yet to be executed so I currently have no hedge in place at the moment, either.
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.
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