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John R. Conway
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When I am not trading/investing I enjoy cooking, which is my second passion next to investing. I currently reside in St. Louis, Missouri and I am a graduate of the University of Missouri-St. Louis with a Bachelor of Liberal Studies. I also was in the US Army for eight years in the reserves/in... 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.

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