Entering text into the input field will update the search result below

Call Writing Strategy -- Part 26 - Stay With FCX

Jun. 09, 2014 9:02 PM ETMETA, EBAY, FCX, MSFT2 Comments
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Time to recap and take a look at the portfolio since our last addition. The EBAY May 30 weekly options expired worthless. With the stock selling around 50 and my "breakeven price " for EBAY @$49 , I will wait for a rebound in shares before selling another call against that position . The shares are inexpensive and at the bottom of their trading range. Time to be patient....

The NUAN options will expire in June , and if the stock remains around the $17 level , it should bode well for selling the $18 strike price calls when the time comes..

FCX remains under $35 , today I sold the Aug. 37 calls for .42 The position will pick up another $200 for the 2 Months and it should be noted the shares received another $156 Div payment in May.

MU was called away on May 23, for a nice 4.7% return in a timeframe of less than 1 month..

The FB position is solidly in the money-- it appears shares will more than likely be taken at the end of the month..

That summary leaves the portfolio with approx. $93,000 invested and total income since inception June 5 2013 , now 1 year later is $25,866 ...

The $100,000 initial investment has grown to $125,866 in one year. At present we have approx. $32,000 to invest ..

Stay Tuned.

;;

Disclosure: I am long FB, EBAY, FCX, NUAN.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You