Posts tagged as:

Covered Call

OPNewsletter (Jul’09) +3.55%

by OptionPundit on June 22, 2009

Last week markets tried very hard to rally but ended in negative territory. Market’s character can now be defined by more of “withdrawal of demand” vs anything else. For overall OPNewsletter, we have invested 38.7% of assumed 10K capital. As of last Friday close, we are up +3.55% x-commissions and +2.2% including commissions. I usually [...]

{ 0 comments }

OPNewsletter Jun’09 is up 7.34% (Open)

by OptionPundit on May 23, 2009

A week in which Dow moved between +2.5% to -1.75%, S&P500 from +3.25% to -1.5% and RUT from +4.75% to -1.50%, and all closing in negative territory, OPNewsletter gained +2% that too after increasing capital investment by 36% over last week. Overall OPN is up +7.35% (x- brokerage commissions) and +5.3% (including commissions). This excludes [...]

{ 0 comments }

OPNewsletter : May’09 (+11.2%), Jun’09 (Opening Shortly)

by OptionPundit on May 1, 2009

It feels great when a single covered call option spread (done only @ 7.3% of 10K portfolio) can deliver OPNewsletter monthly subscription fee, cover commissions and still deliver profits, without making adjustments throughout the holding period. And what if the newsletter doesn’t get a single cent if doesn’t deliver profits? Welcome to OPNewsletter (A “No [...]

{ 0 comments }

Bank of America (BAC) : A Speculative Trade

by OptionPundit on April 8, 2009

Before I start the post, let me warn that trading into financial is full of risks and you may lose your capital. You should make sure that you have a proper risk management plan in place to handle this and should only invest what you might be willing to lose 100%. And this particular trade [...]

{ 0 comments }

GM Doesn’t Need Money

by OptionPundit on March 12, 2009

AP reports that General Motor’s (GM) CFO says they don’t need $2billions as cost cutting is bearing fruits. Quite interesting, and possibly a good sign for GM’s survival. But I think more than cost cutting, they need to have cutting edge car models and this cutting edge doesn’t mean high tech, but the models that [...]

{ 0 comments }

Option Business aka Insurance Business

by OptionPundit on March 10, 2009

A bounce is due, no, I think overdue. We have all realized that Mr. Market can remain irrational longer than one can remain solvent. So though the probability of bounce is high, don’t count on it for long term bull market till there are sign of economic improvement. The primary trend is bearish, as clear [...]

{ 3 comments }

Early Warning Signpost

by OptionPundit on February 17, 2009

A few months back I shared big picture and mentioned key points to watch out for a Bear market signal. A lot has happened since then, but I still haven’t opened OPValue Portfolio (new). At the same time, nothing much has changed in the markets and we are almost closer to the earlier lows. I [...]

{ 1 comment }

← Previous Entries