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AUGUR OF ARIZONA
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I have been an equities enthusiast for over two decades. I have read tens of thousands of pages on investing in the stock market and continue to read about investing on a regular basis. Daily, I watch the stock market and study individual companies. I am a former military officer. I am a... More
  • Sold Almost All KALU Today, 7/22/14 0 comments
    Jul 23, 2014 2:15 AM | about stocks: KALU

    I sold almost all my KALU, today (7/22/14), as it hit a new 52 week high. Sold KALU between 74.17 - 74.75. Kept some shares in Acct I and sold SEP 75 calls against those for 1.71. Today was the last day to buy before going ex-div, tomorrow. That plus some speculation before earnings (announced tomorrow after the bell) and a good day on the market likely contributed to today's move up. As for me, I decided to protect profits and move mostly to the sidelines on the upswing before going into the "unknown" quarterly report. I'll review the quarter and go from there.

    Also, all of my NKE shares were called away. NKE had a strong quarter. So now I am nearly 100% cash, save 1/3 of Acct I has KALU with calls sold against it.

    (In other news, a Malaysian passenger jet was shot down over the Ukraine a few days ago. Most fingers are pointing at Russia/Putin.)

    Here's the updated trades, etc.:

    Account I (Apx .5 Weight. APR 2014: .4):

    NOV 7. Bought EBAY @ 53.14. Sold 53.5 NOV calls @ .56. 1% return from premium. (also have a small position with no calls)

    NOV 15. Shares not called away.

    NOV 18. Sold 55 DEC calls @ .53. 1% return from premium. (also have small position with no calls)

    DEC 11. Added shares @ 51.36.

    DEC 21. Shares not called away.

    DEC 31. Sold 18 JAN 55 calls against most of the position for 1.09. 2.1% return on premium.

    JAN 18. Shares not called away.

    JAN 21. Sold 31 JAN 56.5 Calls for .73 against most shares.

    JAN 22. Sold all "naked" longs (small position) for 54.24. Avg cost basis of 51.88, so 4.6% gain over apx 2.5 months

    JAN 23. Bought to cover all 56.5 Calls for .26, so .47 premium kept for .9% 2 day return. Sold all related EBAY shares @ 54.42 for 1.38 gain: 2.6% over 2.5 months. Now 100% Cash.

    FEB 18. Bought DKS @ 51.24. Sold 22 MAR 52.5 calls against entire position for 1.50. 2.9% immediate return from premium.

    MAR 5. Ex-Div DKS @ .125 (payable 3/28)

    MAR 22. DKS called away. Total one month return (excluding small no. of uncovered share gains): 2.89 (premium + gain + div): 5.6%.

    100% Cash.

    MAR 22. Bought BP @ 46.67.

    MAR 28. Sold BP @ 48.35 for 3.6% return in 4 days.

    APR 2. Bought KALU @ 73.14

    APR 3. Bought NKE @ 74.29

    APR 7. Sold JUL 72.5 calls against NKE for 2.64

    APR 7. Sold JUN 75 calls against KALU for 1.01. 1.4% return on premium

    MAY 15. Received KALU div of .35

    MAY 7. Received NKE div of .24

    JUN 21. KALU shares not called away.

    JUL 19. NKE shares called away @ 72.5. So 74.09 - 72.5 = (1.59). (1.59) + 2.64 + .24 = 1.29. 1.7% gain, 3.5 mos

    JUL 22. Sold SEP 75 KALU calls @ 1.73. 2.4% return on premium

    JUL 22. Sold ½ KALU stake @ 74.17. 1.4% gain. (or total: 1.01 + .35 + 1.03 = 2.39. 3.3% total gain in apx 3.5 months)

    Apx 2/3 cash. 1/3 KALU (with calls sold against it)

    Account II (apx .17 Weight. APR 2014: .2):

    NOV 07. Bought EBAY @ 52.32. Sold DEC 52.5 Calls @ 1.72. 3.3% return from premium.

    DEC 21. Shares called away. Total return: 3.6%. Now 100% Cash.

    JAN 02. Sold 31 JAN 52 EBAY cash secured puts @1.19. 2.3% return on cash security.

    JAN 23. Bought to close 52 Puts @ .2, so .99 premium kept for 1.9% return in 3 weeks. Now 100% Cash.

    FEB 5. Bought BP @ 45.91

    FEB 6: Sold BP @ 47.31. 3%, 1 day gain

    FEB 18: Bought DKS @ 51.28. Sold 22 MAR 52.5 calls against most of the position for 1.5.0 2.9% return from premium.

    FEB 26. Sold "uncovered" DKS @ 54.07

    MAR 5. Ex-Div DKS @ .125 (payable 3/28)

    MAR 22. DKS called away. Total one month return (excluding small no. of uncovered share gains): 2.85 (premium + gain + div): 5.6%.

    100% Cash.

    MAR 22. Bought BP @ 46.67.

    MAR 28. Sold BP @ 48.35 for 3.6% return in 4 days.

    APR 3. Bought NKE @ 74.07

    APR 7. Sold JUL 72.5 calls against NKE for 2.65

    MAY 7. Bought KALU @ 69.25

    JUL 7. Received NKE div of .24

    JUL 19. NKE called away. So 74.07 - 72.5 = (1.57). (1.57) + 2.65 + .24 = 1.32 gain. 1.8% return in apx 3.5 months.

    JUL 22. Sold KALU @ 74.34. 5.09 gain. 7.4% gain in 2.5 months.

    100% cash.

    ACCOUNT III: (apx .17 Weight. APR 2014: .2):

    NOV 08. Bought EBAY @ 52.87. Sold 55 DEC Calls @ .89. Return from the premium of 1.7%

    DEC 21. Shares not called away.

    DEC 31. Sold 18 JAN 55 calls against all of the position for 1.05. 2% return on premium.

    JAN 18. Shares not called away.

    JAN 21. Sold 31 JAN 55 Calls at 1.2

    JAN 23. Bought to cover 55 Calls @ .94, so .26 premium kept for .5% 2 day gain. Sold all related shares @ 54.95 for 2.08 gain: 3.9% over 2.5 months. 100% Cash now.

    FEB 18. Bought DKS @ 51.32. Sold 22 MAR 52.5 calls against most of the position for 1.50. 2.9% return on premium.

    FEB 18. Sold "uncovered" DKS shares 54.11.

    MAR 5. Ex-Div DKS @ .125 (payable 3/28)

    MAR 22. DKS called away. Total one month return (excluding small no. of uncovered share gains): 2.81 (premium + gain + div): 5.5%.

    100% Cash.

    MAR 24. Bought BP @ 46.67.

    MAR 28. Sold BP @ 48.35 for 3.6% return in 4 days.

    APR 3. Bought NKE @ 74.10

    APR 7. Sold JUL 72.5 calls against NKE for 2.66

    MAY 6. Bought KALU @ 69.22

    JUL 7. Received .24 div from NKE

    JUL 19. NKE shares called away. So 74.10 - 72.5 = (1.6). (1.6) + 2.66 + .24 = 1.3. 1.8% return in 3.5 months

    JUL 22. Sold KALU @ 74.62. Gain of 5.4. 7.8% gain in apx 2.5 months.

    100% Cash.

    Account IV: (apx .17 Weight. APR 2014: .2):

    NOV 21. Bought EBAY @ 52.79.

    JAN 22. Sold all shares @ 54.28: 2.8% gain over 2 months.

    FEB 18. Bought DKS @ 51.40.

    FEB 26. Sold DKS @ 53.99. Two week gain: 2.59; 5%.

    MAR 14. Bought T @ 32.34.

    MAR 21. Sold T @ 34.37. One week gain: 2.03; 6.3%

    100% Cash.

    MAR 22. Bought BP @ 46.67.

    MAR 28. Sold BP @ 48.35 for 3.6% return in 4 days.

    APR 4. Bought NKE @ 73.13.

    APR 8. Sold NKE @ 72.03. 1.5% loss

    MAY 20. Bought KALU @ 68.04

    JUL 22. Sold KALU @ 74.75. 9.9% gain in 2 months.

    100% Cash

    Disclosure: The author is long KALU.

    Stocks: KALU
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