Cousin Calvin's Comments Cousin Calvin's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/243941/comments Two Citigroup Income Generating Option Strategies http://seekingalpha.com/article/155351-two-citigroup-income-generating-option-strategies?source=feed#comment-624557 624557 The problem I have with your thinking here is that you are writing about an income strategy.
In my way of thinking, when you sell calls and puts you have only opened a position. You do not generate any "income" until the position is closed or traded, premiums are kept and the original capital is intact, (in the case of buy/write). Rolling calls and puts forward is a pull back from the original position, at a loss, and living to fight another day. Nothing wrong about that escape hatch, I have used it more than once but it is not generating income. ]]>
Tue, 11 Aug 2009 08:40:00 -0400 The problem I have with your thinking here is that you are writing about an income strategy.
In my way of thinking, when you sell calls and puts you have only opened a position. You do not generate any "income" until the position is closed or traded, premiums are kept and the original capital is intact, (in the case of buy/write). Rolling calls and puts forward is a pull back from the original position, at a loss, and living to fight another day. Nothing wrong about that escape hatch, I have used it more than once but it is not generating income. ]]>
FAS and FAZ: A Short-Seller's Dream? http://seekingalpha.com/article/142982-fas-and-faz-a-short-seller-s-dream?source=feed#comment-545974 545974 I thought I played FAZ just right by buying puts. FAZ did drop but so did the option. Stupid me, my loss. Volatility was the culprit. With high volatility sometimes calls and puts can go up and down together, which is the opposite of what you are looking for.


On Jun 13 04:22 PM ultrashorts wrote:

> Another great way to play this is to buy puts on FAS or FAZ. I'm
> holding some FAS Oct 9 puts myself to profit off any potential down
> leg in financials as well as the inherent decay of the leveraged
> ETF.]]>
Sun, 14 Jun 2009 09:36:36 -0400 I thought I played FAZ just right by buying puts. FAZ did drop but so did the option. Stupid me, my loss. Volatility was the culprit. With high volatility sometimes calls and puts can go up and down together, which is the opposite of what you are looking for.


On Jun 13 04:22 PM ultrashorts wrote:

> Another great way to play this is to buy puts on FAS or FAZ. I'm
> holding some FAS Oct 9 puts myself to profit off any potential down
> leg in financials as well as the inherent decay of the leveraged
> ETF.]]>
Costco: Wholesale Profits with an Option Combination http://seekingalpha.com/article/113601-costco-wholesale-profits-with-an-option-combination?source=feed#comment-349636 349636 Take a look at GG, sells below $30 with good sell premiums.
I am bullish on gold and with their cost structure they should enjoy a good bump. Your January covered call and selling put strategy would appear to be a winner.
Thanks]]>
Thu, 08 Jan 2009 10:36:44 -0500 Take a look at GG, sells below $30 with good sell premiums.
I am bullish on gold and with their cost structure they should enjoy a good bump. Your January covered call and selling put strategy would appear to be a winner.
Thanks]]>
Costco: Wholesale Profits with an Option Combination http://seekingalpha.com/article/113601-costco-wholesale-profits-with-an-option-combination?source=feed#comment-348993 348993 So now I would have $85,600 set aside for a year for this trade. That is a return of 23% on committed cash under the best case.
Using your same stock investigation logic I would just sell the $50 Puts with a closer expiration date than Jan 2010. You could sell puts at least 3 times before 1/2010 and still clear the $20,000, with only $50,000 committed.
Thanks]]>
Wed, 07 Jan 2009 16:18:01 -0500 So now I would have $85,600 set aside for a year for this trade. That is a return of 23% on committed cash under the best case.
Using your same stock investigation logic I would just sell the $50 Puts with a closer expiration date than Jan 2010. You could sell puts at least 3 times before 1/2010 and still clear the $20,000, with only $50,000 committed.
Thanks]]>
7 Companies Raising Dividends In This Tough Market http://seekingalpha.com/article/91116-7-companies-raising-dividends-in-this-tough-market?source=feed#comment-231282 231282 Fri, 15 Aug 2008 12:31:40 -0400 7 Companies Raising Dividends In This Tough Market http://seekingalpha.com/article/91116-7-companies-raising-dividends-in-this-tough-market?source=feed#comment-231276 231276 Fri, 15 Aug 2008 12:25:41 -0400