401ktimer's  Instablog

Outline generated from MyndBook note map 2011.10 Investing Ideas - Oct 2011

High Yield Bond (JNK)

JNK offers 8% Yield vs. less than 2% by 10 yr treasuries.

Oct 10: Sell Dec 2011 36.0 Put @ 1.45 - Expired (4% profit in 2 months)

Corning (GLW)

Growing business & stock selling at < 8 PE. Stock under pressure due to price competition from NEG & Asahi

Oct 10: Sell Feb 2012 13.0 Put @ 1.23 - Expired (9% profit in 4 months)

Oct 19: Sell Nov 2011 13.0 Put @ 0.56 - Expired (4% profit in 1 month)

Intger Digital (IDCC)

Wireless patent licencor & potential takeover candidate.

Oct 19: Sell Nov 2011 45.0 Put @ 5.1
Nov 9: Bought to close Nov 2011 45.0 Put @ 3.8
(~3% profit in 1 month)

Apple (AAPL)

Oct 19: Sell Jul 21 2012 360.0 Put @ $30 - Expired (>8% profit in 9 months)

Walgreens (WAG)

Oct 24: Sell Nov 2011 33.0 Put @ 0.72
Nov 18: Buy to close Nov 2011 33.0 Put @ 0.51
(0.5% profit in 1 month)

Qualcomm (QCOM)

Also see July 2011 Ideas

Oct 24: Sell Nov 2011 52.5 Put @ 1.78 - Expired (3.5% profit in 1 month)

AutoDesk (ADSK)

Zero debt, lots of cash on balance sheet, and a growing business.

Oct 24: Sell Jan 21 2012 30.0 Put @ 1.81 - Expired (6% profit in 3 months)

Nuance (NUAN)

Nuance's speech recognition product is used in iPhone 4S.

Oct 26: Sell Apr 2012 25.0 Put @ 3
Apr 20, 2012: Bought to cover Apr 2012 $25 Put for $1.65 (5% proit in 6 months)

India Fund (EPI)

Also see Sep 2011 ideas.

Oct 21: Sell Nov 2011 19.0 Put @ $0.75 - Assigned
Jan 23: Sold Mar 2012 $19 Call for $0.40 - - Assigned

Net cost = 19 -0.75 -0.40 = 17.85 (5% profit in 5 months)

UltraShort 20+ Year US Treasury (TBT)

US treasury yields are at 100 year lows because of flight of capital from Europe and Fed's Operation twist. Given the record US budget deficits, at some point, yields have to rise.

Oct 11: Sold Dec 17 2011 20.0 Put @ 1.26 - Assigned
Dec 20: Sold Mar 2012 20.0 Call @ 0.81 - Assigned

Net cost = 20 -1.26 -0.81 = 17.93 (10% profit in 5 months)

Disclosure: I am long ADSK, NUAN, AAPL.

Additional disclosure: My current market positions are shown at:www.myndbook.com/go.php?to=142_-1