I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Bought 20 blocks at 19.33, and wrote 2000 March 13 calls at 84 cents/contyract. The calls provide a good return for 3 weeks of time value. Besides, AMD remains a Wall Street darling.
Sold the shares at 14.06 (bought at 13.33 and not 19.33), and covered the calls at 1.12
Covered 1500 March 45 calls at 2.00 (originally written at 6.90) and wrote 1500 April 50 for 1.30/contract. Still holding 15 blocks in underlying shares.
Shares were taken away at 50 (originally bought them at 49) while I pocketed 1.30/contract times 1500 contracts on April 50 calls.
Bought 11 blocks at 57.79, and hedged them with 1100 'deep in the money' April 55.00 calls at 3.50. Though the technicals breaking down, I feel that the stock is severely oversold on the weekly. That said, i feel pretty safe buying the shares knowing that i have another .80 cent hedge in intrinisic value due to the calls
The shares got called at 55, while I pocketed an intrinsic value of .71/contract times 1100 contracts on the April 55 covered calls.
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