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Fear & Greed Trader
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Independent Financial Advisor / Professional Investor- with over 25 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 Strategy Part 23 - Adding (GILD)  2 comments
    Apr 28, 2014 7:01 PM | about stocks: GILD, MU, EBAY, FCX, NUAN

    This morning I indicated that for the first time since inception , I will be putting the "cash" that we have garnered in this account to work. A departure from the initial idea to show how an investor can use this strategy to generate monthly cash flow.. Prior to this, I had kept the total invested amount capped at the original $100,000 ..

    With that in mind i added (NASDAQ:GILD) this afternoon. Purchased 400 shs. @ $73.98 and sold the May 75 calls for $1.87 . So for a holding period of 19 days the yield is 2.5% .

    Gilead is a stock that I currently own in my portfolio, and have penned my comments on the company in an article I wrote here on SA. That being said , I do not mind owning the additional shares if the stock is not called away . A prerequisite for any stock that I put in this account.

    (click to enlarge)

    Total Income is $23,667 , and we now have $119,217 invested in these positions.

    The initial $100,000 has now appreciated by 23.67% since inception. (6/5/13). The S & P has gone from 1608 to today's close of 1869 .

    261 points higher or 16.3% in the same timeframe.

    This is a "real " portfolio and all trades are documented in the call writing series in this blog .

    Best of luck to all ...

    Disclosure: I am long GILD, MU, EBAY, FCX, NUAN.

    Additional disclosure: I am long numerous equity positions - all are documented here in this blog..

    Stocks: GILD, MU, EBAY, FCX, NUAN
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  • CWinn1970
    , contributor
    Comments (396) | Send Message
    Very interesting spreadsheet. I like the transparency. Post like these helped me finally understand options. Still a lot I need to learn, but it's not all Greek to me any more.
    28 Apr 2014, 09:24 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10741) | Send Message
    Author’s reply » Cwinn ,


    Thanks for stopping by


    Best of luck in your investments
    29 Apr 2014, 09:25 AM Reply Like
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