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Options2Wealth
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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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  • Portfolio Update 4/16/2013 (Part 2) 2 comments
    Apr 16, 2013 10:04 PM | about stocks: AAPL, CSCO, FSLR, GTAT, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE

    As per this morning's plans, I sold a big chunck of my Sprint options AND established a position in a new stock, GT Advanced Technologies (NASDAQ:GTAT):

    Sold 400 contracts of Sprint May 2013, $6 CALLS at an average price of $1.1254 less commissions, leaving a balance of 100 CALL contracts.

    Bought 100 contracts of GTAT September 2013, $2.50 CALLS at an average price of $1.25, plus commissions.

    Bought 200 contracts of GTAT September 2013, $5.00 CALLS at an average price of $0.325¢, plus commissions.

    Based on the above trades, I currently have open option positions in GTAT, LDK, S, SPWR, TSL and have $35,594.37 in cash. And as of today, my Options2Wealth porfolio is up 775%...A more detailed breakdown of the portfolio can be found in the screenshot of the Xcel spreadsheet shown below...

    In the next few days, I will try and deploy my cash to add to my SunPower position.

    kp

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    Disclosure: I am long LDK, GTAT, S, SPWR, TSL.

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  • Lynxx
    , contributor
    Comments (9) | Send Message
     
    Hi O2W, amazing results. Congratulations. I'm am new to options trading but not new to stock trading. I don't customarily use PnF, charting, but the way they inform your trading means I will devote more attention to them. You work here is a quiet little gem I'll name my "Secret Alpha."

     

    Keep going, Lynxx
    28 Apr 2013, 04:21 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » Thanks, Lynxx...appreciate the moniker of "Secret Alpha."

     

    :-)

     

    This blog serves a number of purposes...A couple of them are more personal and I may share them here after my 6 month experiment ends...and of the others, one is to shatter the myth that options are risky business...additionally, I do also want to share my knowledge with others, especially the value of Point and Figure charting...kp
    7 May 2013, 12:15 AM Reply Like
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