Covered Calls Investor Blog Posts

  • Blog posts moving to twitter - follow @cranjangles
    on Aug 29, 2010
    ...
  • Blog Posts Moved...
    on Aug 29, 2010
    On Twitter: Follow @cranjanglesOn Blogspot: coveredcallsinvesting.blogspot.com...
  • Posting to Resume
    on Jun 24, 2010 in Blog Admin
    After an extended hiatus, posts will resume in the month of July. I will begin with a recap of how the portfolio has fared over the last few months.
  • Current Holdings
    on Jun 24, 2010 in Blog Admin
    The current holdings of the CCIP as of June 23, 2010 are:MEMC Electronic Materials - 100 Shares ($12 July CC)Verizon - 100 Shares & 1 CSP ($32 July CSP, 100 Shares Uncovered)Marathon Oil (MRO) - 1 $32 August CSPDiscover Financial (DFS) - 100 Shar...
  • Update Transaction - Multi-Fine Electronix (MFLX)
    on Jun 24, 2010 in Update Transaction
    This position was rolled forward to August expiration. The new profit/loss info is below:1/15/2010 -- Sold to Open 1 MFLX February $25 Put @ 1.23242/5/2010 -- Bought to Open 1 MFLX February $20 Put @ 0.41012/19/2010 -- Stock Bought Due To Option ITM...
  • Blog Moving to coveredcallsinvesting.blogspot.com
    on Jan 2, 2010 in Blog Admin
    The blog has been officially moved to coveredcallsinvesting.blogspot.com. I will no longer be making updates to this blog.
  • Blog Moving
    on Dec 8, 2009 in Blog Admin
    For all those who have been wondering why there has not been a post in quite a while, it is because I will be moving my blog to a different web address within the next few weeks. As a result I have been busily working on that site, and not posting t...
  • Initial Transaction - New York Community Bancorp (NYB) (11/16/2009)
    on Nov 22, 2009 in Initial Transaction
    This position was established as another Long-Term Ex-Dividend (LTEX) position in the CCIP. New York Community Bancorp is a regional bank based in New York which mainly provides mortgages to multi-family dwellings. It has a very low default rate an...
  • Update Transaction - United States Natural Gas (UNG) (11/18/2009)
    on Nov 22, 2009 in Update Transaction
    This is the other position which I sold the protective put. The performance metrics are below:7/23/2009 -- Bought 100 UNG @ 13.147/23/2009 -- Sold To Open 1 UNG July $13 Call @ 0.888/22/2009 -- Call Expired8/30/2009 -- Sold To Open 1 UNG October $14...
  • November Expiration Day
    on Nov 22, 2009 in Expiration Day
    The Covered Calls Investor Portfolio contained a total of 7 positions with November 2009 expirations, and 10 positions either with a Non-November expiration or no current covered call. The 7 positions with November expiration had the following result...
  • Initial Transaction - United States Natural Gas (UNG) (11/19/2009)
    on Nov 22, 2009 in Initial Transaction
    I decided to open another covered call position in UNG, as I believe it has reached a near-term bottom around $8.80. Natural gas prices have been further depressed recently due to the continuing high storage levels as well as the relatively warm fal...
  • Update Transaction - United States Natural Gas (UNG) (11/18/2009)
    on Nov 22, 2009 in Update Transaction
    After UNG passed below the $9 mark, I decided to exit two of my put positions which I bought to further cover a decline in the price of UNG. I will most likely be selling some calls on my UNG positions over the next few weeks even if they have to be...
  • Initial Transaction - Verizon (VZ) (11/16/2009)
    on Nov 21, 2009 in Initial Transaction
    This is another position established with the proceeds from the sale of BMY and MCHP. This position is part of a strategy I call LTEX, which is a Long-Term Ex-Dividend Strategy vs. the STEX, or short-term ex-dividend strategy of which MCHP was an ex...
  • Initial Transaction - Gamestop (GME) (11/16/2009)
    on Nov 21, 2009 in Initial Transaction
    On Monday I began to open new CC positions with the proceeds from the sale of BMY and MCHP. This position is one of the more risky positions in the CCIP for the fact that GME will announce earnings in a few days, which is part of the reason for the...
  • Closing Transaction - Microchip Technologies (MCHP) (11/13/2009)
    on Nov 18, 2009 in Closing Transaction
    This position was another in my ex-dividend strategy, which involves creating an ITM covered call position in a company which has an ex-dividend date prior to the expiration date of the option. As planned, the position was called away the last tradin...
  • Closing Transaction - Bristol Myers Squibb (BMY) (11/13/2009)
    on Nov 18, 2009 in Closing Transaction
    I decided to close this position early, as Bristol Myers was substantially above the $22 strike price of the CC. I had entered this position as a way to continue a similar annualized return to the position I had held in COP which was called away pre...
  • Update Transaction - Intrepid Potash (IPI)
    on Nov 12, 2009 in Update Transaction
    As the market continues to think about which direction it wants to go in, the agricultural stocks decided to move higher. As a result I rolled forward my November call position in IPI to December as the stock continues to have pretty high premiums,...
  • Initial Transaction - Applied Materials (AMAT)
    on Nov 11, 2009 in Initial Transaction
    Today I decided to open a second position in Applied Materials (AMAT). This position is a cash-secured put, which basically means that I have sold the right for someone to sell me 100 shares of AMAT at $13/share at December expiration, if the stock...
  • October 2009 Results
    on Nov 6, 2009 in Monthly Performance
    The month of October was the second negative month for the CCIP. The overall market was essentially flat for the month, though the benchmark SPY ETF was down slightly. Premiums have stayed low, as the VIX has continued to stay pretty low throughout...
  • Update Transaction - United States Natural Gas (UNG)(3)
    on Nov 6, 2009 in Update Transaction
    The information regarding this transaction is noted in the previous post on UNG from today. This position is now uncovered, and protected on the downside with a $9 put. The new profit/loss info is below:6/10/2009 -- Bought 100 UNG @ 14.506/10/2009...
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