John R. Conway's  Instablog

John R. Conway
Send Message
I currently work full-time as a chef and enjoy investing in the day time. I am a graduate of the University of Missouri-Saint Louis and reside in Saint Louis. I enjoy trading stocks and options and prefer to use deep in the money calls as a stock replacement strategy. When I am not investing I... More
  • Hypothetical Portfolio Trades 0 comments
    Feb 27, 2012 3:17 PM

    On February 26, 2012 I wrote an article, "2 Simple Option Strategies For Newer Investors To Consider" and within the article I described how one should consider having their hypothetical portfolio equal their real cash position. For a link to the article and explanation click here.

    On February 7, 2012 here are stocks I was interested in, but also wanted to track performance. I started the hypothetical portfolio using $3,000 and here are the results:

    Trade 1: 2/7 Alcoa (NYSE:AA) Bought 2 April 12 calls @ 2.76

    Now going for 2.37 for a $77 loss

    I have traded Alcoa before, and short term I have been successful trading Alcoa when it is closer to the low $10 range. I am going to wait for Alcoa to drift lower to $10 and look to buy calls. When Alcoa gets to 10.10-10.20 the stock has had some nice bounces.

    2/7 Bank Of America (NYSE:BAC) Bought 2 April 12 5.5 call @ 2.48

    Now going for 2.48

    Now loss or gain here, but 7.78 looks like a nice level for a bounce? Looks like BAC is taking a breather here, but I like the company long term.

    2/7 Microsoft (NASDAQ:MSFT) bought 2 April 12 28 call for 2.62

    Now going for 3.55 for a 186 profit.

    I will be closing these trades soon and will post more. Thanks for reading and being a follower.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AA over the next 72 hours.

Back To John R. Conway's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Bought $LC today for my speculative pick
    May 26, 2015
  • $UNP getting hit today, I'll be slowly buying more at $100--Long $UNP
    May 13, 2015
  • $APU just got a div raise
    Apr 28, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.