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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 4/29/2013 0 comments
    Apr 29, 2013 9:29 AM | about stocks: AAPL, CSCO, FSLR, GTAT, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE

    Today, I plan to use up my remaining cash balance and buy GTAT CALL options...I have a feeling that GTAT is getting ready to break its Triple Top on it its PnF chart...A print of $4.00 will signal the break and I want to make sure that the Options2Wealth portfolio has a decent size position in anticipation of the break...

    The markets are about to open...I will come back with the purchase details later...

    kp

    4/30/2013 AM EDIT:

    Yeasterday, as per plan, I used the available cash to purchase 47 GTAT September $2.50 CALL contracts @ $1.50

    Now, after this purchase, I own 147 GTAT September 21, 2013, $2.50 Strike Price CALL contracts and I own 200 GTAT September 21, 2013, $5.00 Strike Price CALL contracts...My Options2Wealth's cuurent cash position is only $129...In other words, almost 100% of the portfolio's current value is deployed in CALLS...

    kp

    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. On the other hand, if the move(s) result in a profit for you, I am open to discussing a split. ;-)

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

    Themes: Solar Sector, Options Stocks: AAPL, CSCO, FSLR, GTAT, JDSU, JNPR, LDK, QCOM, S, SPWR, TSL, SUNE
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