Money and Finance
Well my ESPP shares officially hit my brokerage account today. I was able to get 184.524 shares at $29.33, which is the 15% off of the $34.51 close. Since it transferred to my brokerage account I'll be able to go through with my plan to sell call options to get added income. I'll be running numbers to see what call options will be giving me the best return for the risk of having the shares called away. As long as I can get enough money to pay off the tax hit then that will make up for shares being called away. As I said earlier I hope to be able to target $100 in added monthly income from selling the options. February will be the earliest call that I sell. I'm also looking to possibly purchase some LEAPs in the future. I'll update should I decide to do so. While I don't necessarily want the shares called away from me it wouldn't be the worst thing in the world since they currently represent around 37.5% of my portfolio and I feel that the risk of holding such a large percentage of my portfolio in my company stock is high even for me. Should the oil field go down and I get laid off I'd lose my job and most likely a large portion of my portfolio as well.
- Lots Of Options
No this post isn't about all the great investment opportunities that Mr. Market is giving us, it's about all of my recent option trading/selling activity. There's been a lot more activity on this front than I expected to be reporting. My...
- Recent Options Transactions
On Tuesday, April 9th I sold 2 more call options on some of my shares of HAL. If you remember from my previous post, I'm going to start a new strategy in regards to my HAL shares. They are my employer and I acquire the shares through the ESPP...
- Option Strategy
I have 2 option strategies that I like the most and then a third that I don't have enough positions built up to think about at the time. 1. I like selling put options since you can essentially set your entry price and get paid a premium to wait for...
- Put Options Explained
A lot of people hear the word options with respect to stocks and think it's a high risk venture. While options are for everyone I feel they definitely have a place in a portfolio. I prefer selling put options to call options which I will explain why...
- Option Buyback?
Back in the beginning of February I sold a call option for HAL with a strike price of $42 for $1.60. The option expires on July 20th. Based on the sale if the option expired I would have earned $151.97 over about 5 months. This would have been a total...
Money and Finance
ESPP
Well my ESPP shares officially hit my brokerage account today. I was able to get 184.524 shares at $29.33, which is the 15% off of the $34.51 close. Since it transferred to my brokerage account I'll be able to go through with my plan to sell call options to get added income. I'll be running numbers to see what call options will be giving me the best return for the risk of having the shares called away. As long as I can get enough money to pay off the tax hit then that will make up for shares being called away. As I said earlier I hope to be able to target $100 in added monthly income from selling the options. February will be the earliest call that I sell. I'm also looking to possibly purchase some LEAPs in the future. I'll update should I decide to do so. While I don't necessarily want the shares called away from me it wouldn't be the worst thing in the world since they currently represent around 37.5% of my portfolio and I feel that the risk of holding such a large percentage of my portfolio in my company stock is high even for me. Should the oil field go down and I get laid off I'd lose my job and most likely a large portion of my portfolio as well.
- Lots Of Options
No this post isn't about all the great investment opportunities that Mr. Market is giving us, it's about all of my recent option trading/selling activity. There's been a lot more activity on this front than I expected to be reporting. My...
- Recent Options Transactions
On Tuesday, April 9th I sold 2 more call options on some of my shares of HAL. If you remember from my previous post, I'm going to start a new strategy in regards to my HAL shares. They are my employer and I acquire the shares through the ESPP...
- Option Strategy
I have 2 option strategies that I like the most and then a third that I don't have enough positions built up to think about at the time. 1. I like selling put options since you can essentially set your entry price and get paid a premium to wait for...
- Put Options Explained
A lot of people hear the word options with respect to stocks and think it's a high risk venture. While options are for everyone I feel they definitely have a place in a portfolio. I prefer selling put options to call options which I will explain why...
- Option Buyback?
Back in the beginning of February I sold a call option for HAL with a strike price of $42 for $1.60. The option expires on July 20th. Based on the sale if the option expired I would have earned $151.97 over about 5 months. This would have been a total...