Options2Wealth's  Instablog

Send Message
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
My company:
iBBQ, Inc.
  • Portfolio Update 4/16/2013 (Part 2) 2 comments
    Apr 16, 2013 10:04 PM | about stocks: AAPL, CSCO, FSLRQ, VIAV, JNPR, LDK, QCOM, S, SPWR, TSL, SUNEQ

    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 (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.


    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

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

Back To Options2Wealth's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Lynxx
    , contributor
    Comments (10) | 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 (135) | 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
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.