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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
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iBBQ, Inc.
  • Completed My Option (CALLS) Purchases In Sprint, SunPower And MEMC Electronics (Part 2) 0 comments
    Jan 3, 2013 1:01 AM | about stocks: FSLR, S, SPWR, SUNEQ

    Here is the breakdown of the final purchases:

    Available cash balances from my original allocations:

    Sprint Nextel: (NYSE:S): $750

    SunPower (NASDAQ:SPWR): $2,034

    MEMC Electronic Materials (WFR): $1,274

    Sprint (S): I used the $750 balance to purchase the following:

    Bought 50 CALL contracts May 18, 2013, $6.00 Strike Price @$0.14 at a cost of $700 + $48 (Commissions) = $748 Balance = $2 Cash

    SunPower (SPWR): I used the $2,034 balance to purchase the following:

    Bought 32 CALL contracts March 16, 2013, $6.00 Strike Price,

    @ $0.61 at a cost of $1,952 + $35 (Commissions) = $1,987 ;

    Balance = $47 Cash

    MEMC Electronic Materials (WFR): I used the $1,274 balance to purchase the following:

    Bought 27 CALL contracts April 20, 2013, $3.50 Strike Price,

    @ $0.45 at a cost of $1,215 + $31 (Commissions) = $1,246 ;

    Balance = $28 Cash

    Final Remaining Cash Balance: $2,000 + $2 (From Sprint) + $47 (From SunPower) + $28 (From MEMC) = $2,077

    I will wait to find a compelling opportunity to put my cash balance to work...


    P.S. I have included Ameritrade's real time images of Option tables with the appropriate purchase prices highlighted in magenta.

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    DISCLAIMER: All postings made here are strictly for my personal record keeping and in no way, shape or form, am I even remotely suggesting others to follow my Buy and Sell moves. Trading options is definitely not for the faint of heart as one's portfolio can move up, or down, anywhere between 10%-30% during a single trading day. Feel free to follow my progress here, but PLEASE do not follow my moves. However, if, in spite of all my exhortations, should you decide to do so, be advised that you, and ONLY YOU will be responsible for any losses that you may suffer...In other words, the onus is strictly on you.

    Disclosure: I am long S, SPWR, WFR.

    Stocks: FSLR, S, SPWR, SUNEQ
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