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Fear & Greed Trader
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INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
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  • Call Writing Portfolio - Part 11 - Expiration Week Update 0 comments
    Nov 16, 2013 8:44 AM

    This past week is expiration week for the November series of options.

    3 of the 4 positions were called away , EBAY (3.2% gain in less that 30 days) , AAPL (6.7% in less than 60 days) , RIG (6.2% in 90 days ).

    The cash received from those positions brings the total received from the portfolio to $10,678. As mentioned before, this is an "actual" portfolio , started with our first trade on June 5th. The amount invested at any one time has never exceeded $100,000. A nice profit in the 5 months since inception. We now have $18,600 invested in one position (NASDAQ:NUAN) which is currently "underwater" . The NUAN calls expired this week.

    The table below is an historical summary of the trades .

    (click to enlarge)

    We now have $81,400 in cash and I will be looking to add positions to the portfolio next week. Since the NUAN position is underwater, we have the choice to sell the position and take a loss , write another call at a lower strike price to minimize any loss , or wait for a rebound in shares and sell a call at a strike price closer to where we purchased the stock. NUAN has shown some life in the last few days trading back over 16 , so I will wait until we get to the 17 (our 'breakeven" price is 17.80 ) area before deciding what to do .. As stated many times when selecting a stock for this type of portfolio , make sure you are willing to own the shares going forward. Of course if it is determined that it was a "bad" trade , it should be sold , take the loss, and move on .. I'm willing to hold here and see what happens..

    Stay Tuned

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