Yet Another Eliot Blog

Updates from October, 2009 Toggle Comment Threads | Keyboard Shortcuts

• ty 12:07 am on October 21, 2009 Permalink | Reply
  Tags: moreoptions ( 7 )   

  Making moves with HL 

  Please register to receive the bonus content.  Registration is free.  I have added the play-by-play commentary for this investment.  So check it out!
   

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• ty 12:05 am on October 21, 2009 Permalink | Reply
  Tags: moreoptions ( 7 )   

  Pulled the trigger with HL 

  I was able to research Hecla Mining Company.  I brought 100 shares.  Tomorrow I am going to sell a call at the $5 strike for December.  I should pickup a good return on this investment.  If my option expires, I will sell another call in December.  I am just debating my strike.  I may sell a call in the money (most likely the $4 strike).

   

• ty 11:30 pm on October 19, 2009 Permalink | Reply
  Tags: moreoptions ( 7 )   

  PVX: Follow up 

  Here are my results:

  Date/Time	Description	Amount
  09/11/09	Bought 100 PVX @ 5.3599	-545.98
  09/24/09	Sold 1 PVXJA @ 0.8	69.25
  10/15/09	QUALIFIED DIVIDEND (PVX)	5.81
  10/15/09	FOREIGN TAX WITHHELD (PVX)	-0.87
  10/19/09	OPTION ASSIGNED (PVXJA)	0
  10/19/09	Sold 100 PVX @ 5	479.99
  	Profit	$8.20
  	ROI	1.50%
  	Duration in days	38
  	APY	14.43%

  This was a modest return on my investment. I wanted to pickup the dividend and that is where most of my profit came from. I don’t remember the exact conditions, but I am pretty sure the stock ran up a bit on my purchase date. However, the option I focused on was still in the money.

   

• ty 6:54 am on October 19, 2009 Permalink | Reply
  Tags: moreoptions ( 7 )   

  HL and AAI are on my radar 

  I am in the process of doing more research. I like the November calls at the $5 strike for both stocks. I am trying keep my options orders diverse and not pick one and buy two contracts.

   

• ty 8:35 pm on October 18, 2009 Permalink | Reply
  Tags: moreoptions ( 7 )   

  PVX: Why energy is so sexy 

  All jokes aside, investing in energy is very attractive.  Yes, I did say attractive.  I like to invest to make money.  Providing energy to consumers is a money maker.

  While looking for opportunities in September, I came across Provident Energy Trust.  Before the debacle we call the fourth of 2008, it was trading around $10 per share.  While doing research, the stock was trading around $5.35.  I saw a$5 call for October for over 80 cents.

  My position was closed over the weekend.  I will show my results after I run the numbers.