For now let’s just sell some more covered calls to replace those that expired. We’ll sell three of the BAC Nov 20 calls here at the current bid price of .73 for an additional income of $219, and two of the WFC Sep 30 calls at the current bid price of 1.25 for an additional income of $250. The most recent complete summary article tracking our portfolio is at the link here. We’ll do a complete summary again soon.
The naysayers have been proven wrong again. Savvy real estate investors continue to rake in record profits, with no end in sight. Read the rest of this entry »
The bank stock covered call portfolio we started in November 2008 is now up 9.2% versus a 0.2% drop in the S&P 500, which declined from 930.99 on November 7th to its current level of 929.23. Read the rest of this entry »
The bank stock covered call portfolio we started in November 2008 is down 4.8% to date versus an 8.0% drop in the S&P 500, which declined from 930.99 on November 7th to its current level of 856.56. Read the rest of this entry »
<SACRAMENTO> Pink slips are flying and educators are crying, but with the California economy in free-fall, the best deal the state was willing to offer will cut “only” 20,000 teachers this year with another 30,000 to be shown the door in 2010. Read the rest of this entry »
Imagine an $82 stock that would pay you $20 option premium at a strike price of $250. That’s essentially what’s available right now with CDE. Read the rest of this entry »
I think I have figured out what the next bubble will be, when it will start, and approximately how long it will last. Read the rest of this entry »
Covered call option writers have been handed a great opportunity to lock in potentially very profitable entry points in bank stocks. Read the rest of this entry »
Joseph Luzere of Hershey, PA, who recently made national headlines with a lucky oil discovery right in his own backyard, has struck it rich again. Read the rest of this entry »
For Hershey, PA resident Joseph Luzere, 2008 was shaping up to be the worst year of his life. That is, until last Thursday night. Read the rest of this entry »
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