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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 26 - Stay With FCX 2 comments
    Jun 9, 2014 9:02 PM | about stocks: FB, EBAY, FCX, NUAN

    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 ...

    (click to enlarge)

    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.

    Stocks: FB, EBAY, FCX, NUAN
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  • Krustyman
    , contributor
    Comments (958) | Send Message
    Hi F&G,


    I really don't like what is happening inside eBay ie: Marcus departure, termination of the same-day delivery program, policies specifically directed at smaller sellers, incoming payment competition etc.


    Not impressed at all by eBay's management.


    11 Jun 2014, 08:05 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10762) | Send Message
    Author’s reply » Krusty--


    i totally agree , I am watching to see if Ebay 's price holds here - and probably bite the bullet and sell a lower priced option - my breakeven price is around $49 .. Im not buried , but sure not pleased with the performance of late..
    11 Jun 2014, 08:37 AM Reply Like
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