Hilary Kramer of Marketwatch wrote a story and recommended L and L Energy as one of her picks for 2011. This should have a positive tilt to the stock today.
There are 16 trading days until expiration.
Disclosure: The account owns shares and has sold Jan 2011 calls against those shares.
Thursday, December 30, 2010
Wednesday, December 29, 2010
Letter from LL Energy CEO
Hey
The following letter was issued by the CEO of L & L Energy to the shareholders.
Disclosure: Sell The Call currently holds shares and has sold Jan calls against those shares.
The following letter was issued by the CEO of L & L Energy to the shareholders.
Disclosure: Sell The Call currently holds shares and has sold Jan calls against those shares.
$15.00 Feb Call Selling Opportunities
Novagold Resources - Symbol NG, Current Stock Price at $14.40, Current Feb $15.00 Call Bid Price at $0.90
MIPS Technology - Symbol MIPS, Current Stock Price at $14.88, Current Feb $15.00 Call Bid Price at $1.05
Siga Technology - Symbol SIGA, Current Stock Price at $13.99, Current Feb $15.00 Call Bid Price at $1.00
Virnetx - Symbol VHC, Current Stock Price at $14.27, Current Feb $15.00 Call Bid Price at $1.25
Disclosure: Sell The Call has no positions in any of these companies.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
MIPS Technology - Symbol MIPS, Current Stock Price at $14.88, Current Feb $15.00 Call Bid Price at $1.05
Siga Technology - Symbol SIGA, Current Stock Price at $13.99, Current Feb $15.00 Call Bid Price at $1.00
Virnetx - Symbol VHC, Current Stock Price at $14.27, Current Feb $15.00 Call Bid Price at $1.25
Disclosure: Sell The Call has no positions in any of these companies.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Tuesday, December 28, 2010
Prospective $10 call selling opportunities
MBIA Insurance - Symbol MBI, current stock price $9.50, current Feb $10.00 call bid price $0.70
Exide Tech - Symbol XIDE, current stock price $9.51, current Feb $10.00 call bid price $0.50
Vivus - Symbol VVUS, current stock price $9.60, current Feb $10.00 call bid price $0.86
Financial Bear 3X - Symbol FAZ, current stock price $9.41, current Feb $10.00 call bid price $0.69
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Exide Tech - Symbol XIDE, current stock price $9.51, current Feb $10.00 call bid price $0.50
Vivus - Symbol VVUS, current stock price $9.60, current Feb $10.00 call bid price $0.86
Financial Bear 3X - Symbol FAZ, current stock price $9.41, current Feb $10.00 call bid price $0.69
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Monday, December 27, 2010
Quiet Day for LLEN trade (Orange)
LLEN closed the day at $9.44. The Jan 2011 $12.50 call closed the day at $0.10.
The trade has 18 more trading days left. The company might be mentioned on CNBC as David Gentry from Red Chip will be making an appearance on the network.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
The trade has 18 more trading days left. The company might be mentioned on CNBC as David Gentry from Red Chip will be making an appearance on the network.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Sunday, December 26, 2010
What a week.....for LLEN
So Herb Greenberg was able to take LLEN all the way down to $9.45 this week by mentioning it and only it in a warning piece against reverse mergers on CNBC. The Jan 2011 $12.50 call shrunk all the way to $0.15. The fact that it still has any value with 19 trading days left is actually bullish in a way. The stock would have to move up 30% to get to the $12.50 strike price.
It seems with an issue as worrisome as reverse mergers seem to be with Herb, there might be more than just LLEN to be worried about.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
It seems with an issue as worrisome as reverse mergers seem to be with Herb, there might be more than just LLEN to be worried about.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Monday, December 20, 2010
Status Color Code updates
The following color codes are to let you know the status of the trade.
Red - This is where the trade is over and it is time to sell at a loss. The stock has fallen to the stop loss.
Orange - This is where the stock is lower than the cost basis of the purchase (stock price minus call revenue received,) but higher than the stop loss price.
Yellow - This is where the stock is above the cost basis of the purchase (stock price minus the call revenue received,) but lower than the strike price of the call.
Green - This is where the stock has surpassed the call strike price.
Red - This is where the trade is over and it is time to sell at a loss. The stock has fallen to the stop loss.
Orange - This is where the stock is lower than the cost basis of the purchase (stock price minus call revenue received,) but higher than the stop loss price.
Yellow - This is where the stock is above the cost basis of the purchase (stock price minus the call revenue received,) but lower than the strike price of the call.
Green - This is where the stock has surpassed the call strike price.
Week ending Dec 17
The stock price of LLEN fell to $10.75. The Jan 2011 $12.50 call has finished the week at $0.35.
The trade is color code orange. This means that the trade is currently below the cost basis but above the stop loss price.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
The trade is color code orange. This means that the trade is currently below the cost basis but above the stop loss price.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Monday, December 13, 2010
LLEN rebound up now in Yellow Status
So LLEN has rebounded today to be up over $1.00 to close at $11.85 . This was a ten percent move on 1.5 X volume today. This stock has been extremely active in the last couple of weeks. The time value on the ask for the Jan 2011 $12.50 call is now $0.80.
Today's trading has brought a status change in the trade from Orange to Yellow. This puts the trade back in a profitable position.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material. - The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES! - If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Today's trading has brought a status change in the trade from Orange to Yellow. This puts the trade back in a profitable position.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material. - The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES! - If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Sunday, December 12, 2010
Down week for Current LLEN trade....
The current LLEN trade is currently Yellow. The stock closed lower to $10.77. The Jan 2011 $12.50 ask fell all the way to $0.45.
Headlines from Yahoo Finance!
- The company released earnings of $0.35 per share, which is a 21% increase year over year.
- Mad Money says to stay away from stock.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Headlines from Yahoo Finance!
- The company released earnings of $0.35 per share, which is a 21% increase year over year.
- Mad Money says to stay away from stock.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
Tuesday, December 7, 2010
Born to Sell Email
Hey
The account received the following monthly email from Born to Sell.
The account received the following monthly email from Born to Sell.
| Top 4 Covered Call Stocks For Dec 18 Expiration | ||||||||||||||||||||||||
| With only 2 weeks go to until the December options expire, the race to collect premium is on. Currently, the top 4 stocks Born To Sell members are using for their December covered calls are (in order of popularity):
(Note: Born To Sell members have access to the full Top 10 Covered Call list, as well as having this list update real-time as members change positions.) | ||||||||||||||||||||||||
| Top 8 Covered Call Watchlist Stocks and ETFs | ||||||||||||||||||||||||
| Want to know what other investors are watching, waiting for the fat premiums to surface so they can jump in and write covered calls? We've got you covered. Currently, the top 8 stocks Born To Sell members are using for their Watchlist are (in order of popularity):
(Note: Born To Sell members have access to the full Top 20 Watchlist, as well as having this list update real-time as members change their watchlists. And, you can have the highest yielding covered calls from your personal watchlist emailed to you after the close each day. Never miss a fat premium again!) | ||||||||||||||||||||||||
| 37,349 December Covered Calls To Choose From | ||||||||||||||||||||||||
| Did you know there are 37,349 different covered call possibilities for the Dec 18, 2010, expiration? That includes all combinations of underlying stock/ETF and strike price. Here's how they break down by moneyness:
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| How can you possibly know which of the 37,349 choices are right for you? Don't worry, using Born To Sell's covered call screener it's easy to narrow the list down based on your personal preferences. | ||||||||||||||||||||||||
| Want More Covered Call Goodness? | ||||||||||||||||||||||||
| Born To Sell is dedicated to only one thing: Making Money With Covered Calls. Our subscribers have access to state-of-the-art covered call screeners and covered call portfolio management tools. For less than the profit of a single trade you could be enjoying recurring monthly income using our tools. Three subscription types to choose from:
Plus, all subscriptions begin with a no-obligation 2-week free trial. What are you waiting for? Start collecting premium today! Don't forget: subscriptions make great holiday gifts for those hard-to-shop-for stock market fans on your list, too! Happy Trading, The Born To Sell Team |
Monday, December 6, 2010
New Strategy used for this trade
The account used a strategy for the first time on this recent close of one trade and open of another trade on the same stock.
When tracking the trade last Friday, the account noticed that the Dec $10 call on LLEN had only $0.05 of time value left. The stock at the time was priced at $12.45. When the account noticed that, it researched and found that the Jan 2011 $12.50 call was bid at $1.15.
The account acted in the following manner:
1) The account closed out the Dec $10 call by buying it back.
2) The account sold the Jan 2011 $12.50 call for $1.15.
It moved the cost basis for the trade to $ 11.04 per share. This is calculated by taking $9.79 original purchase plus $2.65 for the Dec call buy back minus $1.40 for the call premium received ($0.40 for the dec call and $1.00 for the January call).
This strategy was implemented because the account saw the high value of the Jan 2011 $12.50 call. It wanted to capitalize on it. It saw that there was a small fraction of time value left on the ask of the Dec $10 call. The account had the cash reserves to close the Dec trade. So the account acted and is now in a good position to continue moving the account value higher using the call selling strategies.
When tracking the trade last Friday, the account noticed that the Dec $10 call on LLEN had only $0.05 of time value left. The stock at the time was priced at $12.45. When the account noticed that, it researched and found that the Jan 2011 $12.50 call was bid at $1.15.
The account acted in the following manner:
1) The account closed out the Dec $10 call by buying it back.
2) The account sold the Jan 2011 $12.50 call for $1.15.
It moved the cost basis for the trade to $ 11.04 per share. This is calculated by taking $9.79 original purchase plus $2.65 for the Dec call buy back minus $1.40 for the call premium received ($0.40 for the dec call and $1.00 for the January call).
This strategy was implemented because the account saw the high value of the Jan 2011 $12.50 call. It wanted to capitalize on it. It saw that there was a small fraction of time value left on the ask of the Dec $10 call. The account had the cash reserves to close the Dec trade. So the account acted and is now in a good position to continue moving the account value higher using the call selling strategies.
Sunday, December 5, 2010
New LLEN trade !!!!
The account found that L & L Energy's stock price is at $12.44. The time value on the January $12.50 call was bid at $1.15.
So the account bought back the Dec $10.00 call it owned (for a 2% profit) and sold the Jan 11 $12.50 call for $1.15.
This brings the cost basis of the LLEN stock to $10.95. This was compiled by taking the stock purchase cost $9.79 per share plus the purchase of the previous call at $2.65 minus the call revenue recieved from the Dec $10 call of $0.40 and the Jan 11 $12.50 call of $1.00. These amounts are after commissions are considered.
So the account bought back the Dec $10.00 call it owned (for a 2% profit) and sold the Jan 11 $12.50 call for $1.15.
This brings the cost basis of the LLEN stock to $10.95. This was compiled by taking the stock purchase cost $9.79 per share plus the purchase of the previous call at $2.65 minus the call revenue recieved from the Dec $10 call of $0.40 and the Jan 11 $12.50 call of $1.00. These amounts are after commissions are considered.
LLEN trade ended...in GREEN
The account ended the LLEN trade with a profit of 2% in two weeks time. The account found another trade to increase its value which will be in the next post.
The account continues to be able to increase its ability to be able to capitalize on money making opportunities with the call selling area. This is the first time the account was able to buy back an option before expiration in order to go on to another trade.
The account continues to be able to increase its ability to be able to capitalize on money making opportunities with the call selling area. This is the first time the account was able to buy back an option before expiration in order to go on to another trade.
Thursday, December 2, 2010
LLEN 12 trading days left......Code Green!!!
The stock burst past $11.00 on 3X Volume to close at $11.48! That puts the stock well past the $10.00 strike price.
The call ask time value is currently at $0.27 and is continually getting smaller......awesome.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
The call ask time value is currently at $0.27 and is continually getting smaller......awesome.
- This information is not to be used as a recommendation to buy or sell. It is simply information and opinions. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains that occur from trades using its material.
- The account does not fully divulge all information (the size of shares bought and calls sold) on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give the size information out. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. THE ACCOUNT WILL NOT MISLEAD READERS TO CREATE A GAIN ON ITS TRADES!
- If you have any info regarding call selling, be sure to comment or send an email. The goal of the blog is to collaborate so that we all can accumulate wealth with the help of selling calls. Please pass the blog address to others that might find some value from it.
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