After reviewing the remaining option premium for this naked put which is part of the NPIP, the decision has been made to close the position. Generally, I will close positions in this portfolio when the annualized return has fallen under 2%. The final profit/loss info is below:
2/22/2011 -- Sold To Open 1 FE July 2011 $34 Put @ 0.6424
5/4/2011 -- Bought To Close 1 FE July 2011 $34 Put @ 0.1077
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 1.57%
Original Projected Annualized Profit: 4.82%
Final Annualized Profit: 8.08%
Wednesday, May 11, 2011
New Position (NPIP) (5/4/2011) - Freeport-McMoRan (FCX)
This is a new position in Freeport-McMoRan (FCX). This position is established in the Naked Put Investing Portfolio (NPIP). The profit/loss info is below:
5/2/2011 -- Sold To Open 1 FCX November $35 Put @ 0.9834
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $50.34): 32.4%
Potential Annualized Return At Expiration (11/18/2011): 5.18%
5/2/2011 -- Sold To Open 1 FCX November $35 Put @ 0.9834
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $50.34): 32.4%
Potential Annualized Return At Expiration (11/18/2011): 5.18%
Monday, May 9, 2011
Closing Transaction (NPIP - 5/4/2011) - Abbott Labs (ABT)
After reviewing the remaining option premium for this naked put which is part of the NPIP, the decision has been made to close the position. Generally, I will close positions in this portfolio when the annualized return has fallen under 2%. The final profit/loss info is below:
12/27/2010 -- Sold To Open 1 ABT August 2011 $42.50 Put @ 1.5231
5/4/2011 -- Bought To Close 1 ABT August 2011 $42.50 Put @ 0.2066
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 3.10%
Original Projected Annualized Profit: 5.54%
Final Annualized Profit: 8.83%
12/27/2010 -- Sold To Open 1 ABT August 2011 $42.50 Put @ 1.5231
5/4/2011 -- Bought To Close 1 ABT August 2011 $42.50 Put @ 0.2066
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 3.10%
Original Projected Annualized Profit: 5.54%
Final Annualized Profit: 8.83%
Closing Transaction (NPIP - 5/3/2011) - Intel (INTC)
After reviewing the remaining option premium for this naked put which is part of the NPIP, the decision has been made to close the position. Generally, I will close positions in this portfolio when the annualized return has fallen under 2%. The final profit/loss info is below:
12/28/2010 -- Sold To Open 1 INTC July 2011 $17.50 Put @ 0.4374
5/3/2011 -- Bought To Close 1 INTC July 2011 $17.50 Put @ 0.0498
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 2.28%
Original Projected Annualized Profit: 4.72%
Final Annualized Profit: 6.60%
12/28/2010 -- Sold To Open 1 INTC July 2011 $17.50 Put @ 0.4374
5/3/2011 -- Bought To Close 1 INTC July 2011 $17.50 Put @ 0.0498
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 2.28%
Original Projected Annualized Profit: 4.72%
Final Annualized Profit: 6.60%
Wednesday, May 4, 2011
New Position (NPIP) - Oshkosh (OSK)
This is a new position in Oshkosh (OSK). This position is established in the Naked Put Investing Portfolio (NPIP), to replace some of the positions exited yesterday morning. The new profit/loss info is below:
5/2/2011 -- Sold To Open 1 OSK October $25 Put @ $0.7922
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $30.98): 21.9%
Potential Annualized Return At Expiration (10/21/2011): 6.72%
5/2/2011 -- Sold To Open 1 OSK October $25 Put @ $0.7922
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $30.98): 21.9%
Potential Annualized Return At Expiration (10/21/2011): 6.72%
Monday, May 2, 2011
New Position (NPIP) - General Motors (GM)
This is a new position in General Motors (GM). General Motors is an US-Based auto manufacturer with global reach. General Motors emerged from bankruptcy after the financial crisis, a much stronger company as it was able to get rid of many of the problems that dragged it down. The company has very good growth prospects in developing countries, as it is one of the major competitors in China, and is reemerging as a leading US provider as well with innovative new products such as the Chevy Volt. Chrysler also recently reported earnings today, and they had a quarterly profit for the first time since their bankruptcy, and considering how dismal of a company that Chrysler is, if they can do that, GM should be doing great. This position is established in the Naked Put Investing Portfolio (NPIP), to replace some of the positions exited this morning. The new profit/loss info is below:
5/2/2011 -- Sold To Open 1 GM July $27 Put @ $0.34
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $32.18): 17.2%
Potential Annualized Return At Expiration (7/15/2011): 5.53%
5/2/2011 -- Sold To Open 1 GM July $27 Put @ $0.34
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Downside Coverage (from current price of $32.18): 17.2%
Potential Annualized Return At Expiration (7/15/2011): 5.53%
Closing Transaction (NPIP) - L-3 Communications (LLL)
After reviewing the remaining option premium for this naked put which is part of the NPIP, the decision has been made to close the position. Generally, I will close positions in this portfolio when the annualized return has fallen under 2%. The final profit/loss info is below:
10/22/2010 -- Sold To Open 1 LLL January 2012 $55 Put @ 3.2899
5/2/2011 -- Bought To Close 1 LLL January 2012 $55 Put @ 0.6578
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 4.79%
Original Projected Annualized Profit: 4.80%
Final Annualized Profit: 9.10%
10/22/2010 -- Sold To Open 1 LLL January 2012 $55 Put @ 3.2899
5/2/2011 -- Bought To Close 1 LLL January 2012 $55 Put @ 0.6578
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 4.79%
Original Projected Annualized Profit: 4.80%
Final Annualized Profit: 9.10%
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