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Friday, February 26, 2010

New Capital Added

New capital was added for the account. This amount pushes up the level of cash allows the account to increase the level of trading. The account now will be able to either purchase another amount of shares and sell more calls, or the account will purchase shares of a higher priced stock. Either of these actions will increase the profits for the account.

One determining factor is whether or not the current stock being traded ends up above or below the strike price when the March call expires.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

3 weeks left on current trade.....

The stock is trading at the strike price. There is no news on the company. The company still has to release earnings for the past quarter. There seems to be positive sentiment technical wise for the stock.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Thursday, February 25, 2010

Ideas for next trade

The current trade will end on March 19 if the shares do not get assigned before then. As of right now, the stock of the current trade is below the strike price.

So with three weeks left, it is time to look for new opportunities if the shares do get assigned.

Three stocks hit the account's radar this morning. JA Solar, and Pacer International currently show an opportunity for the account to buy stock and sell calls in the month of April.

But there are three weeks before expiration of the current trade. So the account will periodically check its radar screen from Optionsxpress to update any further opportunities the account might have.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Friday, February 19, 2010

current trade has 4 weeks left

The current trade has four weeks left. The stock is trading at the strike price. There wasn't any news out this week. But earnings for last quarter have not been announced. So that should come soon. There has not been any recommendation changes or initiations.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Thursday, February 18, 2010

profit if assigned

The profit on the current trade if the shares are assigned (meaning the stock gets taken away at the strike price) on expiration day (March 19) will be 10%. The trade will have been held for four months.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Wednesday, February 17, 2010

5 dollar trade opportunities

Hey

Today the account was doing research and found the following opportunity for the March $5.00 call strike price:

- NLST - Netlist - The stock is currently trading around $4.40. The March $5.00 call is currently bid at $0.30.

This account does not have a position in or any form of relationship with this company.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Tuesday, February 16, 2010

In the money

The current trade just crossed the strike price and is now in the money.

New Capital Added

New capital has been added to the account. It is looking like the account will be able increase the buying power once the current trade ends in March.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

5 weeks to go on current trade....

Hey

The day off yesterday was nice. Now back to the grind.

The stock is at the strike price. There are 5 weeks left until the March option is due. There has not been any news about the company in the last week.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Tuesday, February 9, 2010

5 dollar trade opportunities

Hey

The account found the following stocks this morning in the 4-5 dollar range that have a high $5.00 call value. This might be an opportunity to sell a call. Be sure to do your own research! The account used tools from Optionsxpress and Yahoo! Finance

1) CONN - Conn's Inc - This stock is currently trading at $4.60. The March $5.00 call is bid at $0.55.

2)HL - Hecla Mining - This stock is currently trading at $4.85. The March $5.00 call is bid at $0.45.

3) CPBY - China Information Security Tech - This stock is currently trading at $4.84. The March $5.00 call is bid at .40

4) CYPB - Cypress Bioscience - This stock is currently trading at $4.99. The March $5.00 call is bid at $0.40.

5) ONTY - Oncothyreon - This stock is currently trading at $4.80. The March $5.00 call is bid at $0.35.

The Account does not have a position in any of these stocks and has not traded these stocks in the past.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Saturday, February 6, 2010

Ten dollar trades for March options

Hey

In doing some research using Optionsxpress' tools section, the account found some stocks in the 9-10 dollar range that have call values high enough to signal that a possible call selling opportunity is at hand. Here are five that the account found (written in no particular order.)

1) DAN - Dana Holding Corp - The stock price is now around $9.72. The March ten call is bid at $0.85.

2) GMXR - GMX Resources - The stock price is now around 9.85. The March $10.00 call is bid at $0.90.

3) SMN - UltraShort Basic Materials - The ETF is now at $9.55. The March $10.00 call is bid at $0.75.

4) UNG - Natural Gas - The ETF is now at $10.00. The March $10.00 call is bid at $0.62.

5) SEED - Origin Agritech Limited - This stock is now at $9.19. The March $10.00 call is bid at $0.65

The Account does not have a position in any of these stocks and has not traded these stocks in the past.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

current trade 6 weeks to go

Hey

There was a little selling pressure this week as the markets took a dive. But the trade is still in positive territory. The stock would have to fall 8% from its current price to get to even on the trade.

There is a conference that that the company is participating in next week. So there could be some movement based on news.

Earnings are normally around this time in the quarter.

- Opinions are given on this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses occurred from trades that use its material as a basis for the trade.

- The account does not fully divulge all information on companies that have open trades. This is to protect current trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.