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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 Portflio Part 13 -- NUAN & FCX 2 comments
    Nov 19, 2013 10:54 AM | about stocks: NUAN, FCX

    MY NUAN position was not called away last week, and so I decided to sell the Jan 18 calls today for .60 ..

    NUAN has been a disappointment since my purchase , but as the chart below reveals , if NUAN is called away in Jan, the position will have yielded $1,380 in income on the $18,000 original investment.. the cost and subsequent sale will be a "breakeven' and the position will yield an acceptable 7.6% in the 4 month holding period..

    I also added 500 shs if FCX @ $36.57 today and sold the Jan 37 calls for $1.17. This position will also give us the January dividend payment and in total will yield 5% if called in the 2 month holding period.

    (click to enlarge)

    Best of luck to all !

    Disclosure: I am long NUAN, FCX.

    Additional disclosure: I am long numerous equity positions - all can be seen here in this blog---- I am short Gold via DZZ

    Themes: NUAN, FCX, Call Writing Strategy Stocks: NUAN, FCX
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Comments (2)
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  • Aldurst
    , contributor
    Comments (2) | Send Message
    I am a newbie; could you please tell me how you calculate your option income with NUON as $790 or $590, rather than $800 or$600. Thank you in advance
    20 Nov 2013, 07:25 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (6177) | Send Message
    Author’s reply » aldhurst,


    I subtract $10 to compensate for the trade cost...
    20 Nov 2013, 07:38 PM Reply Like
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