July and August Quietness

The months of July and August were quiet except for the ledger recording my regularly scheduled deposits, dividend receipts, and a single trade in August. My trade in August was similar to my solitary trade in June. I simply added to an existing position.

My trade was a BTO of PG on the 5th of August. My reasoning for adding to an existing position of PG is simple. PG is a dividend paying stock that I have a level of confidence that it will continue to pay its dividend. It's a non durable consumer goods company that produces personal hygiene products for a civilized world. Although it has gone down with the softened market this summer, the number of personal hygiene products purchased should start going back up because of teachers/professors and students returning to the personal hygiene aisle as classes come back in session. Yes I am suggesting that some people take a personal hygiene hiatus during the summer.
For now that is all I got. I will continue to look for other opportunities to add to existing positions. I will also look to see if any other stocks meet my dividend paying strategy.

That's my opinion. What's yours? Disclaimer: See bottom of page.
http://investorsopinion.blogspot.com

BTO - Bought/Buy To Open
PG - Procter & Gamble

Portfolio Update: Added to an Existing Position

On Monday, August 12th, I added to my existing position of T. My reason for that was because I believe the price to be in the right range for a purchase. Here is how I came to that conclusion.

Fundamentally T is a top rated telecom with high growth, EPS, and revenue with the expectation of continued growth in the coming years. In addition, it has a very attractive yield that, at the time of this post, was above 5%.

The stock has pulled back more than 10% from its 52-week high of 39 USD made on April 23rd. The stock has also created two short term tops on June 13th and July 17th, putting a resistance just below 36.50 USD. At the same time the stocks price has approached and seems to be bouncing away from the upward trend line I charted for it from January 18th through June 21st. As far as other technical indicators, the daily and weekly stochastic and MACD indicators (which are trailing and confirmation indicators) both show that the stock is becoming oversold. Instead of waiting for confirmation, I chose to pull the trigger now for what I think is the lowest price I will possibly get this time around.

Not having a lot of excess cash available I purchased all that I could. It is my belief that this should turn out to be one of my better timed purchases. If not, I still plan on buying more if more funds become available and T remains in this setup. That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

EPS - earnings per share
MACD - moving average convergence divergence
T - AT&T Inc
USD - United States Dollar

Portfolio Update: Successful Option Trade.

My last option trade was a success. On Friday, June 14th, I STC the $35 August 17 2013 Calls I purchased 8 days before. My plan was to sell at a specific price after the underlying stock, BGS, reached above $32. Even though it had breached $32 the day prior, it didn't hit my price until the 14th. The result of the trade was nearly a 200% profit after commission. As of this post BGS is still going up and the option value is going up as well. But as the expression goes, "No one ever got hurt taking a profit."

I believe that BGS may continue to go up for another dollar, but I believe I got out at a good price. I am expecting that BGS will come back down to about $28.75-$29.25. I want to then BTO stock or attempt to trade options on it once again. I haven't yet decided. That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BGS - B&G Foods Inc.
BTO - buy-to-open / bought-to-open
STC - sell-to-close / sold-to-close

Portfolio Update: Option Rolled

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.

Portfolio Update: Long Over Due

It has, once again, been too long since my last post. In the time that has passed there have been seven changes to my portfolio. I have made 5 purchases, 1 sale, and had an option position expire on me. The 4 of the 5 purchases and the one sale were strategic moves to my portfolio. The remaining 1 purchase and option expiration are my speculation plays.

To start I BTO additional shares in my ETP position. This purchase added to my dividend payout for the second phase of each quarter. This was done on the 3rd of October.

On the 8th of October, I BTO a SAND Nov 17 2012 $15 Call option position. This was done as my speculation play. Unfortunately, I have to admit that the decision to get in was poorly timed and selected. I should have waited for the pull back and then choose an expiration further out. As of this post, it is in the red but seems to be showing signs of improvement. I will be holding it until my profitable sale trigger is hit or it's expiration, which is a week away from this post.

On the 19th of October, my speculation play for FB Oct 20 2012 $15 Put options locked and expired. This was again an unfortunate speculation gone wrong. In hinds sight I should have taken my profits when I had them or probably should have chosen to purchase one option closer to the money instead of three so far out of the money. I still think FB is over-priced, but it seems that they are finally accepting that they have to make revenue in order to attract investors and are making changes that will actually create revenue even at the expense of loosing some of there ~1 billion users.

On the 31st of October, I STC my entire position of DE. I made this decision because DE did not fit the minimum yield requirement of my strategy of holding high dividend yielding stocks. Fortunately, I was able to get out with a very small profit.

On the 2nd of November, I BTO additional shares in two of my existing positions, T and VZ. These purchases added to my dividend payout for the second phase of each quarter. As a result I am almost 70% of my phase one dividend payouts, which are currently the largest.

Finally on the 7th of November, I BTO additional shares in my MCD position. This purchase added to my dividend payout for the third phase of each quarter. As a result I am almost 50% of my phase one dividend payouts.

Despite the fact that falling over the "Fiscal Cliff" will result in an increase of the dividend tax rate, I am not going to change my core strategy of building a portfolio of dividend paying stocks. My portfolio is not currently generating enough income to alter my effective tax rate significantly. I will, however, use the fear in the market to build up my positions.

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
DE - Deere & Co.
ETP - Energy Transfer Partners LP
FB - Facebook CL A
MCD - McDonalds Corp
SAND - Sandstorm Gold LTD
STC - sell-to-close/sold-to-close
T - AT&T, Inc
VZ - Verizon Communications

Portfolio Update

Since my last portfolio update, I have only one change to document. On Wednesday, the 29th of August, I added to my JNJ position. This purchase occurred near the first Fibonacci extension level from it's most recent high. Since then, JNJ has already bounced back up and closed above my purchase price for this position.

As confirmation of my plans for future purchases, I will be focused on adding to my current positions.  The speculation portion of my portfolio continues to be put positions against FB as I didn't sell when my principle was doubled at the beginning of August. Although FB didn't rebound much before starting to go down again. Because it's price is eroding so slowly, I have also watched the value of my puts erode as well. I personally believe FB has much more to go down (Facebook Not Remotely Worth 38$) so I might be able to regain some profitable value before their October expiration. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

FB - Facebook, Inc.
JNJ - Johnson & Johnson

Portfolio Update

I have made a few changes to my portfolio over the past, almost, two months. The first set of changes were made on the 27th of July as I STC my ZNGA position for a loss that I could not bare to see grow any further, as well as my CIM position for the same reason. I need more profitable choices in my portfolio that will pay me dividends while growing or at least hold on to their value. But since speculating keeps me attentive to the market I will do it with options. This way, while I can see more exciting gains from option trades, I can narrowly define my losses better. So for longer term purchases I will be buying stocks, and for excitement trade options.

With the cash I freed by STC my ZNGA and CIM positions, I first BTO, as a trade, Puts against FB. My reasons being that I don't see them bottoming at this current time and that I believe the lockout which expires this week will result in an even lower price. Next I BTO a position into AGNC another REIT with growth and a better dividend than CIM and it's commercial counter-part NLY. These trades were made on the same 27th of July

Finally, on the 8th of August I BTO a position in ETP. I believe the price has become low enough that the dividend yield is too attractive not to buy. I want to continue to add to this position as time goes by but the majority of my free cash is not allocated for positions in a few other stocks to balance out my monthly dividend payout strategy. I will allocate more cash to purchase ETP and the other dividend paying stocks in my portfolio as the capital gets added from my day job. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AGNC - American Capital Agency Corp.
BTO - buy-to-open / bought-to-open
CIM - Chimera Investment Corporation
ETP - Energy Transfer Partners LP
FB - Facebook, Inc.
STC - sell-to-close / sold-to-close
ZNGA - Zynga Inc.

Portfolio Update

I am a little behind schedule on reporting my portfolio updates. Since my last update, I have changed some of my opinions a little. I have also added to my account so that I have some additional cash to invest.

First, I have restarted auto deposits into my investing account and my IRA. Both of which are under-funded. I especially have a lot of catching up to do in my IRA. However, further information about that is outside the scope of this post.

Second, I STC my puts against FB. The result was that I raked in ~37% profit on that short trade.

Lastly, I then took the profit and the capital that I had pending for one of my other dividend paying stock picks, CNK, and added to my already existing positions of JNJ and PG. I then re-evaluated the chart for CNK and decided to buy a third of the shares I was planning on at the higher price it was currently around. Unfortunately, CNK has declined a little since I BTO the position today. I am still currently satisfied with my positions. 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
CNK - Cinemark Holdings Inc
FB - Facebook Inc.
IRA - Individual Retirement Account
JNJ - Johnson & Johnson
PNG - Proctor & Gamble Co
STC - sell-to-close / sold-to-close

Facebook Not Remotely Worth 38$

On Friday, FB IPO'd at 38$. The thing is that they only earned 43¢ per share last year. That puts their current P/E ratio at over 88. Even if we look at foward looking estimates. They are still over priced to a P/E of about 55.
Now lets look at GOOG. They only have a P/E of about 18. So if we do the math of using FB earnings times GOOG P/E we have a relative price for FB of less than 8$. So far, the market agrees as FB price dropped to 31$ and is struggling to not drop any more.
My opinion? I'm putting it to practice. I've put an order in for under 8$. That is my opinion, you can take it, or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
FB - Facebook, Inc.
GOOG - Google Inc
IPO - initial public offering
P/E - price-to-earnings ratio

Portfolio Update

Since my last post I've BTO more positions. On April 10th, after I had already posted, I BTO a position into VZ. On April 17th I BTO a position into JNJ. And on April 23rd I BTO a position into PG. Also, on April 16th I received interest for the cash sitting in my account.

My entering into the PG position was partially a result of me tightening the limit of the order to less than a dollar of its Friday close. The other part was an unexpected reaction to the European and Chinese economic news. Today, however, PG rose back above my entry point. (As of the publishing of this article, PG is below my entry but up for the day.) My current concern is that the market cliche of 'as goes the month of January, so goes the market' will not be true this coming summer after PG earnings this coming Friday. If my concern is realized, I will look for an opportunity to average down my cost basis by adding to the position as close to the lows as I can. I may then STC the first PG position if it recovers.

I still have two more positions I want to open in order to balance out my monthly dividend payout strategy. However, I don't want to tighten my limit orders any further without good reason. I will be leaving them as is for now. 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
JNJ - Johnson & Johnson
PG - The Procter & Gamble Co.
STC - sell-to-close/sold-to-close
VZ - Verizon Communications Inc.

Portfolio Update

The last portfolio update I made covered a stock purchase of DE. Since then I have added another equity to my account. On April 5th, I BTO a position into T. As of that date, I now have a quarterly dividend being payed to me every month. This does not include the fact that the TLT seems to pay me a dividend every month, I say seems as I have received a deposit of interest from this bond fund every month last quarter.

Outside of the new position that I have opened, I have adjusted my limit order prices for the remaining five equities I have in my plan to purchase. These five equities may change as I compare them against their competitors, looking for the ones I believe fit my criteria of paying good dividends, have relative growth potential, and are priced in at a level I can afford. 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
DE - Deere & Co.
T - AT&T Inc.
TLT - iShares Trust Barclays 20+Year Treasury Bond Fund

Portfolio Update

In my last update I posted that I added DE, ETP, and PEP to my portfolio in accordance with the investing strategy of buying share in strong companies with sustainable dividends with the goal of being paid every month. I have since then added MCD to my portfolio. MCD has not held its value as well, but the decline does not yet seem to be justified as anymore than profit taking.

My position in the TLT has paid out again this month. Unfortunately, the volume in the bond market is now reversing. As a result of the recent decline, I have lowered my limit order even more. No point in over paying.

I have also made adjustments to my other orders. Some of them I have increased the limit and reduced the number of shares I will purchase because they have moved higher recently. Others I have lowered because I think I see better entries at lower prices based on my technical analysis. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

DE - Deere & Co.
ETP - Energy Transfer Partners, LP
MCD - McDonalds Corp
PEP - Pepsico Inc.
TLT - iShares Trust Barclays 20+ Year Treasury Bond

Portfolio Update

This post covers a few new changes to my portfolio. On March 1st, I made two purchase for my investing account. The first of my two purchases was for a pair of DE shares. The second of my two purchases was for a pair of PEP shares. On March 2nd, I made a purchase of an additional pair of ETP shares to add to my portfolio's existing shares.

The purpose behind my most recent purchases were based on the following facts. These are dividend paying stocks. These stocks have shown to be strong earners. The dividend payouts of these stocks increase my monthly income for eight of the twelve months of the year. I am however, still missing four months of payouts; January, April, July, and October. I have orders for stocks that cover these months and I am waiting and watching for them to be executed. This all falls in line with my current strategy. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

DE - Deere & Co.
ETP - Energy Transfer Partners, LP
PEP - Pepsico Inc.

Portfolio Update

As mentioned in my last post, I will be buying high dividend paying stocks. I will specifically be targeting stocks that have PEG ratios that are under 2.0. One of them I just BTO today is MCD. With a yields of 2%

I wanted to open a MCD position with a cost basis of no more than $500 as I spread my equity exposure across several stocks, so I only purchased 2 shares today with another order to buy 2 more at $90. I am not anticipating it to drop that much but I am attempting to not over pay for my position. I am aiming low with the assumption that some totally irrelevant news will temporarily drag the stock down like the news in Europe did last year.

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
MCD - Mc Donalds Inc.

Portfolio Update

It has been about a month since my last post. Since them I made a few portfolio changes. This post covers them and a few thoughts.

On January 12th, I STC my IWM position to get my cash back in my trading account. I did this because I want the equity percentage of my trading account to be heavier with high dividend paying stocks and not just the general market. I opened BTO orders for these high dividend paying stocks on steep pull backs since they are running to strong for me to chase them. I am adjusting this BTO prices every night as they make new highs.

Since I STC 99% of my ZNGA position, it has rebounded, dived and bounced back with a vengeance to and above the price I originally bought my position. This is despite them being outed for their copycat strategy of taking the idea of an already existing game, re-skinning the interface with only slight changes, and calling it their own. (http://tinyurl.com/7rpxgq7) Now, I don't know if they copied the code also, but the game-play is reported to be the same as well. I speculate that this could become a cause for a class-action suite against them for theft of intellectual property. This make's me hesitant to get back into it since I don't have the time to watch the stock all day. I decided to sell a Cash-Secured Put to buy back in if it falls below $9 by Feb 18th. I certainly don't want to buy back in at this time after losing out on all the upside it has already had.

Over the past month I also received dividends for CIM, IWM, and TLT. With the sale of IWM I am no longer qualified for any more IWM dividends after this point. CIM still continues to pay out the mass majority of it's earnings, unfortunately the earnings are still quite small at this time and it's price is below where I BTO. I will not be buying any more CIM until I see it promise better earnings. My TLT position is slightly dropping in cash value, reducing my portfolios position in treasury bonds. However, I will not be BTO more TLT until it drops even more.

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
CIM - Chimera Investment Corp.
IWM - iShares Russel 2000 Index Fund
STC - sell-to-close/sold-to-close
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga, Inc.

Portfolio Update

Again, it has been too long since my last post. It is now 2012. So here is the good and the bad for the end of November 2011 and all of December 2011.

In November, while looking over my losers of the past year, I came to accept that with the macro-economical news causing such aggravating swings, I can not play the trader game while still holding down a J.O.B. for  8 hours a day. So with that I decided that I will start applying  a variation  of the Asset Allocation Strategy of 4 cycle diversification. So with that I increased the gold position of my portfolio with the cash I liquidated from my losers. I BTO additional shares of GLD on November 21, 2011 and again on December 13, 2011 to dollar cost average my position down. As of the close of the market on January 3, 2012, GLD is at $155.92.

While making the transition to an Asset Allocation Strategy based portfolio, I took a short term gamble on the IWM ETF continuing to tank on December 9th after already tanking on the 8th. So I BTO a Jan 21 2012 72.00 Put. However, it reversed and I closed it out for a loss. To make things worse, the follow days saw IWM go back down again before bouncing back up.

Furthering along the transition into an Asset Allocation Strategy based portfolio, I BTO my position into the TLT ETF on December 9th. I then purchased again on December 14th and 20th. Since then, TLT has declined.

As one last gamble for 2011 I BTO a position into the ZNGA IPO. Unfortunately I BTO too high and closed out 99% of my position for a loss. Since then, ZNGA has bee trading above my close out price.

For the coming year, I will only be buying shares of GLD, TLT, and dividend paying stocks. All other positions I currently hold will be held until I am able to collect a profit or collect premiums through options.

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
GLD - SPDR Gold Shares
ETF - Exchange Traded Funds
IPO - initial public offering
IWM - iShares Russell 2000 Index Fund
TLT - iShares Barclays 20+ Year Treasury Bond Fund
ZNGA - Zynga Inc.

Portfolio Update

It has been way too long since my last post, and there is a lot to cover. So without further ado, I will get right into it.

As a result of all the European debt issues, on November 4th I STC my position of CPLP call options I BTO on October 20th. The result was a loss of ~57%. Since then, CPLP has continued to decline, and I sold my entire position on November 15th. That sale resulted in a loss of ~39%, not taking into account any of the dividends I received in the past or the dividend I received on November 16th. After doing that I continued looking at the chart for CPLP and it is channeling slightly to the upside. I might consider buying a couple Call options slightly out of the money and way out in time and wait to see if there is one of those pops that CPLP has done in the past. But at the same time, I finally learned what it means to compare PEG ratios, and apparently CPLP is over priced. So with this new knowledge, I found a couple of really "cheap" stocks in comparison that also pay dividends, GLNG and TDW.

Back on October 14th, I rolled an AAPL Call option to a higher strike price that profited me enough that I would be playing with the houses money. On November 7th I rolled this option out for another month, but unfortunately AAPL has been on the decline. Right now the AAPL Call option I own is almost worthless. At this point only a little of the profit from the original AAPL Call option position remains. I don't think I will be doing anymore rolling of this option. If it does not start rebounding, I will accept the loss.

On November 16th, I BTO positions in IWM and GLD. The plan with these is to build up positions that reflect the four asset classes. IWM for the broad market of stocks, GLD for gold, and in time, with the execution of my open order that is still pending a lower price, TLT for long term treasury bonds. The forth asset class is cash which remains in my account for the purpose of selling put options against. This is an imitation of the American Asset Management investment portfolio owned by Julian Rubinstein. And if I can hold to my plan, I should be able to produce better than his 9% a year track record.

Finally, on November 18th, I sold my lossing position in DWA. The final result of this was a loss of ~43%. As was mentioned with CPLP, I found out that the PEG for DWA indicated that it was over priced. On top of that the expectation I had that people would spend more time in theaters than traveling was too ambitious in these turbulent times. However, my research did reveal that there are two stocks in the same industry that are doing well, CNK and RGC. These two are the theaters that DWA movies play in. Despite the disappointing attendance in comparison to previous years, they both have nicer earnings than DWA. On top of that, they both pay a dividend. I might take a position in either or both stocks at some time in the future.

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

AAPL - Apple Inc.
BTO - buy-to-open/bought-to-open
CNK - Cinemark Holdings Inc
CPLP - Capital Product Partners, LP
DWA - Dreamworks Animation SKG
GLD - SPDR Gold Trust
GLNG - Golar LNG Ltd.
IWM - Ishares Russell 2000
PEG - Price-to-Equity by Growth Rate ratio
RGC - Regal Entertainment Group
"rolled" - (rolling) - to sell-to-close one position and buy-to-open another position in the same group of options to take profit or extend risk.
TDW - Tidewater Inc.
STC - sell-to-close/sold-to-close

Portfolio Update

Since my last post I have made trades with AAPL, CPLP, DWA, and GLD. I have also continued to add cash to my account as said I would. This is how my portfolio stands at this time.

On October 11th, I had a BTO call option position for AAPL at the 450$ strike price. Three days later I rolled the position to the higher strike price of 485$. This profited me a net of ~95$ or 20%. The gross profit was ~375$ or 79%. This means that I am currently playing with "the houses" money as a gambler would say. This is good for me because the value of that option is now down ~98% with 22 days until expiration. I am still bullish on AAPL, but would not be surprised if I would have to roll this option at a loss just to get a little more time to see my target realized since "Black Friday" comes after this positions expiration.

On October 20th, I BTO 3 CPLP call options for the 7.50$ strike price. I did this because it broke through it's most recent resistance level of 7$. I was expecting a little more upside with the breakout, but since then it has only been trading within pennies of this resistance/support level. I am thinking that it will pull back some, but afterwards power through to at least the next resistance level of $8. I also BTO this position with 5 months until expiration, so I have time on my side.

On October 27th, I BTO two more call options. The first was a for DWA at the 25$ strike price. I BTO this position because it broke a current downward trend line almost two weeks before, and then on the 27th broke above it's recent 20$ resistance level. This position also looks like it will be pulling back some before going up much higher. Fortunately for me, this position is also good until March of 2012, so I have time to wait and see.

The other call option position I BTO on the 27th was for GLD at the 180$ strike price. I BTO this position because it had already broke above the 165$ resistance level it gaped under back in late September and just finished filling the gap created back between September 22nd and 23rd. Gold has a pretty good run during the winter holidays so I believe GLD should be going up in the next few months. I only have up until the December expiration, so am looking for profit by "Black Friday".

In other news, my CIM stock position just recently paid me for holding on to it. Not a lot but, it does help to own dividend paying stocks. It has broken a recent downward trending line but still has one more and a resistance level it failed to break through back in August. That being said, my put option I STO looks like it will expire worthless. If that is the case, I still get to keep my 20$ premium I collected for selling the option and my 250$ that is securing it.

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

AAPL - Apple, Inc.
BTO - buy-to-open / bought-to-open
CIM - Chimera Investment Corp.
CPLP - Capital Product Partners, LP
DWA - Dreamworks Animation SKG, Inc.
GLD - SPDR Gold Shares (ETF)
"rolled" - (rolling) - to sell-to-close one position and buy-to-open another position in the same group of options to take profit or extend risk.
STO - sell-to-open / sold-to-open

Portfolio Update

Since my last portfolio update, I made a few trades. But in addition to that I followed through with adding funds to my trading account. In fact, I set up a weekly transfer of funds into my trading account. I have this as part of my budget now.

The first thing I have to report about my trades is that the call option I STO against my position in DWA expired worthless. That means that I get to keep the $34.37 premium I received. I am currently planning my next move with DWA.

My next trade was to BTO a put option against RIMM for Nov 19 2011 at the $23 strike price. This trade was STC 6 trading days later and profited $10.75, or ~5%.

Two days later I BTO two put options against RIMM for Oct 22 2011 at the $20 strike price. This trade was STC 3 trading days later and profited $49.39, or ~23%.

I currently have 4 open or pending orders, 3 open stock positions, and 1 open option position. My plan is to wait to see if my 1 open option position expires worthless or has me put into CIM for another 100 shares at $2.50 a share. My 3 open stock positions are all in the red still, but there is past performance that suggest the possibility for eventual turn around. My 4 open or pending orders are for a position of call options on AAPL, a position of put options on RIMM, a position of call options on CIM, and a position of a call option on CPLP. I am bullish on AAPL, bearish on RIMM, bullish on CIM, and Bullish on CPLP.

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

AAPL - Apple, Inc
BTO - buy-to-open / bought-to-open
CIM - Chimera Investment Corporation
CPLP - Capital Product Partners, LP
DWA - Dreamworks Animation, Inc.
RIMM - Research In Motion, LTD
STC - sell-to-close / sold-to-closeSTO - sell-to-open / sold-to-open

Portfolio Update

About two weeks ago was option expiration weekend. Since then I have made a few orders but only one has been executed. The order that was executed was a call option against my DWA position. This call option doesn't expire until September. I chose to sell this option because this seems to be one of those summers where the expression "sell in May and go away..." seems accurate. I am choosing to hold on to DWA through the summer despite the continued bearish movement. I truly believe it to be extremely oversold for it's actual performance as a company. I believe that after the summer it should prove to have done relatively well business-wise in this economy. If I had more cash in reserve I would sell more cash-secured puts against it with the intention of getting put into it while everyone seems to be fearful of it. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

DWA - Dreamworks Animation SKG, INC