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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
  • Importance Of Capital Preservation 3 comments
    Jun 6, 2013 9:46 AM | about stocks: AAPL, CSCO, FSLRQ, VIAV, JNPR, LDK, QCOM, S, SPWR, SUNE, TSL

    Since the last 5 months have been terrific for the Options2Wealth portfolio, it is now prudent for me to try and preserve my portfolio's inflated value by selling out some of my positions..Especially my July positions...

    Therefore starting today, I will begin to exit out of my SUNE July CALL positions...will update the blog later in the day...

    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 LDK, SPWR, TSL, SUNE.

    Stocks: AAPL, CSCO, FSLRQ, VIAV, JNPR, LDK, QCOM, S, SPWR, SUNE, TSL
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Comments (3)
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  • invest.beginner
    , contributor
    Comments (88) | Send Message
     
    Since you are long on SUNE (price oejective $13.5), are you still going to hold Jan 2014 options through next earnings call in Aug?
    6 Jun 2013, 03:59 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (134) | Send Message
     
    Author’s reply » Unless their prospects change drastically, which I don't expect, I plan on holding on to my January 2014 SUNE CALLS...kp
    9 Jun 2013, 11:56 AM Reply Like
  • mkarakum
    , contributor
    Comments (59) | Send Message
     
    What do you plan to do with the proceeds? Would you invest them on the SUNE Jan 14 calls? Or Back in SPWR?
    Also, if you think 13.5 is the target, why wouldnt you buy 13$or 12$ out of the money options? whats your strategy with the in the money option with almost 7 months expiration when you think the target will be reached in 30-60 days.
    Appreciate your thoughts.
    Regards
    6 Jun 2013, 09:48 PM Reply Like
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