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

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

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

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

Portfolio Update

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

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

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

Portfolio Update: Still Need To Work On Patience

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

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

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

Portfolio Update: Captured Profits

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

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

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

Portfolio Update: New Option Position

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

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

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

Portfolio Update: Premium Pocketed and Exercise in Patience

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

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

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

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

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

Portfolio Update: Partially Executed Option Trade

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

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

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

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

Portfolio Update, Orders Entered and Executed

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

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

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

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

Portfolio Update, New Option Purchase, Current Positions and Opinion

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

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

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

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

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

Portfolio Update, Option Pick

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

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

Portfolio Update

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

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

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

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

It's Official

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

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

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

My Jaw Dropped Today

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

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

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

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

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

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

Portfolio and Paper Trade Update

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

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

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

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

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

Portfolio Update

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

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

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

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

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

Option Pick Adjustment

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

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

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

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

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

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