Money and Finance
I mentioned in my post about adding to my position in HCP that I had made some option transactions as well. I had a 2 open put options that were scheduled to expire in the money at the close of today's trading but decided to roll them out until a later time. I was probably a bit hasty with these moves, but with the weakness in the markets that we were seeing in the early parts of December I was kind of caught with my pants down without much free capital should there be continued weakness. All the more reason to keep a larger cash buffer. Of course, the Fed then announced this week that they were scaling back the latest round of QE to "only" $75 billion in purchases per month, and the markets rejoiced. Even though the trades were probably done with a bit more emotion than I should have allowed, I think things will still turn out alright as I'll lower my overall cost basis' for each of the options.
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- Option Expiration And A New Option Position
It's time to get caught up on some option moves that have gone through in the past week or so. I had a call option get executed on January 18th and purchased 100 shares of Bank of America. Also last week I sold a call option on Halliburton. I'll...
- Weekly Roundup - December 14, 2013
It's been a pretty hectic week for me with work as I had to get back to the grind and start up another job. But all's not lost as that's the fuel source for my journey to financial independence. Having a high income allows me to accelerate...
- Recent Transaction
On Monday, I sold another call option on some of my HAL shares. I currently own just over 565 shares and will be adding around another 75-100 shares every quarter, so I need to get some of the shares off my hands. I now have 3 open call options on...
- Selling Puts For Added Income
This morning Archer-Daniels Midland was trading at $26.97. Since I would like to get more into the stock with it trading around a 14% discount to my calculated fair value, I figured I would check out the potential option moves to make. The fair value...
- Recent Transaction
This afternoon I decided to buy back the September $26 put option. I was torn on whether to buy it back or not because I was getting a solid entry price the way it was set up. I should have let it go the way it was but I got a little caught up with how...
Money and Finance
Recent Option Transactions
I mentioned in my post about adding to my position in HCP that I had made some option transactions as well. I had a 2 open put options that were scheduled to expire in the money at the close of today's trading but decided to roll them out until a later time. I was probably a bit hasty with these moves, but with the weakness in the markets that we were seeing in the early parts of December I was kind of caught with my pants down without much free capital should there be continued weakness. All the more reason to keep a larger cash buffer. Of course, the Fed then announced this week that they were scaling back the latest round of QE to "only" $75 billion in purchases per month, and the markets rejoiced. Even though the trades were probably done with a bit more emotion than I should have allowed, I think things will still turn out alright as I'll lower my overall cost basis' for each of the options.
Read more »
- Option Expiration And A New Option Position
It's time to get caught up on some option moves that have gone through in the past week or so. I had a call option get executed on January 18th and purchased 100 shares of Bank of America. Also last week I sold a call option on Halliburton. I'll...
- Weekly Roundup - December 14, 2013
It's been a pretty hectic week for me with work as I had to get back to the grind and start up another job. But all's not lost as that's the fuel source for my journey to financial independence. Having a high income allows me to accelerate...
- Recent Transaction
On Monday, I sold another call option on some of my HAL shares. I currently own just over 565 shares and will be adding around another 75-100 shares every quarter, so I need to get some of the shares off my hands. I now have 3 open call options on...
- Selling Puts For Added Income
This morning Archer-Daniels Midland was trading at $26.97. Since I would like to get more into the stock with it trading around a 14% discount to my calculated fair value, I figured I would check out the potential option moves to make. The fair value...
- Recent Transaction
This afternoon I decided to buy back the September $26 put option. I was torn on whether to buy it back or not because I was getting a solid entry price the way it was set up. I should have let it go the way it was but I got a little caught up with how...