Money and Finance
Today I sold out of my position in SORL Auto Parts, Inc. I knew for a while that I should have just closed the position but I purchased shares when I first started investing thinking that they would turn into the next worlds largest auto parts manufacturer and turn my measly $350 investment into wealth beyond imagination. When I bought the shares I figured the market was just a crapshoot so why not throw some money that way. As you can tell I've now decided what kind of investor I'm going to be and have actually done quite well, I just wish the stock market would have a good pullback so I can get better entry prices. I figured it was time to go on and sell despite their earnings announcement next week to make sure that I can get the loss to write off against my short term gains from my option selling. All in all, I found a great way to turn $346.95 into $190.05 in less than a years time. That's not exactly the best way to go about investing. Now I can put that money towards a much better opportunity. That's one more lesson learned, thankfully it wasn't a really expensive one.
- Recent Buy
I'm a bit late on this update but it was a crazy weekend with lots of work and other writing that I wanted to get done. The markets have started to turn things around in February and I have no idea which was the head-fake, the dip or the subsequent...
- 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 Transaction
With today being expiration Friday, I figured we'd revisit the call options that I sold on 200 shares of Bank of America back in mid-August. I originally performed a buy-write of 200 shares which involves purchasing the shares and simultaneously...
- Recent Transaction
Yesterday I sold another put option on Intel. I sold the $25 17 Aug 2012 put for $0.46. Less commission I received a total of $38.01 in premium for a total return of 1.52% which is annualized to 21.75%. I figured that since I want to add to my Intel position...
- Recent Transaction
Yesterday I bought back the $42 Hal 07202012 Call option that I sold in early February. When I originally sold the option I was hoping that it would just expire since I didn't want to have to deal with the extra taxes due to the shares being bought...
Money and Finance
Recent Sell
Today I sold out of my position in SORL Auto Parts, Inc. I knew for a while that I should have just closed the position but I purchased shares when I first started investing thinking that they would turn into the next worlds largest auto parts manufacturer and turn my measly $350 investment into wealth beyond imagination. When I bought the shares I figured the market was just a crapshoot so why not throw some money that way. As you can tell I've now decided what kind of investor I'm going to be and have actually done quite well, I just wish the stock market would have a good pullback so I can get better entry prices. I figured it was time to go on and sell despite their earnings announcement next week to make sure that I can get the loss to write off against my short term gains from my option selling. All in all, I found a great way to turn $346.95 into $190.05 in less than a years time. That's not exactly the best way to go about investing. Now I can put that money towards a much better opportunity. That's one more lesson learned, thankfully it wasn't a really expensive one.
- Recent Buy
I'm a bit late on this update but it was a crazy weekend with lots of work and other writing that I wanted to get done. The markets have started to turn things around in February and I have no idea which was the head-fake, the dip or the subsequent...
- 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 Transaction
With today being expiration Friday, I figured we'd revisit the call options that I sold on 200 shares of Bank of America back in mid-August. I originally performed a buy-write of 200 shares which involves purchasing the shares and simultaneously...
- Recent Transaction
Yesterday I sold another put option on Intel. I sold the $25 17 Aug 2012 put for $0.46. Less commission I received a total of $38.01 in premium for a total return of 1.52% which is annualized to 21.75%. I figured that since I want to add to my Intel position...
- Recent Transaction
Yesterday I bought back the $42 Hal 07202012 Call option that I sold in early February. When I originally sold the option I was hoping that it would just expire since I didn't want to have to deal with the extra taxes due to the shares being bought...