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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 Portfolio - Part 25 - Adding Facebook (FB)  3 comments
    May 19, 2014 10:55 AM | about stocks: FB

    Putting the money we received from the (NASDAQ:GILD) positon that was called away, I purchased 500 shs of (NASDAQ:FB) this morning @ 58.14 and sold the June 27 Weekly options with a strike price of $58.50 @ 2.59. The yield on these shares will be over 4.4% for the 5 week holding period.. If shares are called away the yield will increase to 5% .

    The following spread sheet show the portfolio as it exists after the trade.

    (click to enlarge)

    Total income now stands at $25360 as we approach the 1 yr anniversary of this portfolio which was started on 6/5/13..

    This is an actual Portfolio.. results have been recorded here in this series on the blog.

    The FB position may not be suitable for everyone - I am comfortable with owning shares at the breakeven price of $55 IF they are not taken away ..

    The technical picture looks fine at the moment and the stock offers a wide variety of strike and date ranges which adds to the attractiveness and flexibility of this position ..

    Full disclosure - I already own shares of FB - purchased in 2013 ..

    Disclosure: I am long FB.

    Additional disclosure: I am long numerous equity positions - all of which can be seen here in this blog

    Stocks: FB
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Comments (3)
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  • maykiljil
    , contributor
    Comments (963) | Send Message
    F & G,


    I like the articles you put here . They are very informative.
    Thank you a lot. Wish you prosperity and success.




    19 May 2014, 02:10 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10761) | Send Message
    Author’s reply » Thanks MJ
    19 May 2014, 03:10 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3858) | Send Message


    Thanks for the explanation of how you work the options.


    Great insights and I like your spunk.
    2 Jun 2014, 08:04 PM Reply Like
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