SLV CALLS

Posted: March 4, 2012 in Risk Management, Trades
Tags: , ,

Writing 9 16mar12 36.0 calls in the morning on my 900 shares at 32.43, easy money for me

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Vs S&P 500

Posted: February 19, 2012 in Trades
Tags: , , ,


This week was a good one, I did some things Im not proud of, like going crazy on some Naked Calls but luckly, well it was all luck, my research showed it was solid but it was way outside my comfort zone, so don’t expect me to do much of this again. Ok a summary of what happened, ZNGA earnings were not positive, but then they stated they are going to possibly start publishing so that counteracted the decline which gave me more room for profit. ONTY acted exactly as expected although I didn’t get called out which was disappointing I still made hard cold cash for the month, and expect to close this position probably before Mar expiration hits. VVUS is a cash cow for me right now, I went naked on 20 contracts for Feb and banked an easy $785 on that alone, plus the covered call VVUS ended up giving me $885 this month, so it was a large percentage of my winnings. Im pretty much set up for next month already and will just be trading to scalp any profit and weeklys on GLD, and SLV.

Ticker

Original Price

Premiums Rec

Breakeven

ROI

Upcoming (Mar)

ONTY

$8.59

$303.28

$5.13

40.3%

$389

VVUS

$12.37

$885.5

$5.29

54.1%

$531

GLD

$169.1

$190

$167.75

-0.2%

$80 (24Feb)

ZNGA

$12.99

($23.06)

$11.33

12.3%

$189

SLV

$32.58

$0

$32.23

0.2%

$35 (24Feb)

KBH

$11.34

$0

$11.09

8%

$25 (ITM)

IAU

$17.56

$0

$17.51

-4%

$5


I’ll get more in depth tommarow, but it was awesome, check my portfolio to see.


IAU was allready in my long term portfolio so for some extra income I just sold 1 mar 18 strike call.  ZNGA earnings were 5 cents a share, above some analysts expectations, but is dropping huge after hours.  No sweat off my back I’ll earn long term on this one if need be that’s what’s great about Covered calls Ill earn income on it in the mean time short or long term.  Went naked on ONTY.  With 5 17FEB12. 12 calls for a premium of .20 each getting me about 95$ after commissions.  I don’t see me not keeping this premium.  Happy valentines day.


Pheww got out of my ZNGA Call at .85, for a loss of only -$26.6 could have been much worse, it ran today,
but pulled back in the late trading, I’m happy with this loss, I learned from
this.  In addition I added to my ONTY position 100 @ 8.74 for an average cost
of 8.59, I also covered this for the 17Feb12 9.0 at .50.  ONTY hit 9 today, but
could stay up, I would love this to get called out on expiration, if this
happens as I hold already a Mar call at 9, I would likely purchase another 200
and 1 more Mar Call possible a 10 strike or a 8 for an ITM call as I would be
up already and could reap from the high premium it is offering.  Overall that
would be about a 15-25% return depending on the contract prices at that time.  Feel free to see my C2 Portfolio and trade log using the link to the right.

Alright Im a little worried about the upcoming earnings from
Zynga.  This being the first earnings from them there is no telling how
this will react to positive or negative news, so I am going to close my Feb
Short Call on Monday for a likly loss of between $10-$30.  Its a small
loss and worth it given my stupity getting into this situation. 

Stock / Option

Shares / Contracts

Avg PPS

Last

Profit / Loss

Notes

ZNGA

100

12.99

13.33

+$32

 

17Feb12 14.0 C

-1

0.6

0.8

-$20

Closing

18Mar12 14.0 C

-1

1.14

1.3

-$16

Keeping for $114 Downside
Protection

Stock $32   +  17Feb12 14 C (-$20)    +   18Mar12 14 C (-16)   =   -$4  Total with $114 downside protection remaining after trade