Option Trading Articles: Re: [ConservativeOptionStrategies] Re: My 2010 CC Trades (CENX)

As I discussed this past weekend, I am increasing my exposure with a sustained market uptrend. The market is extended to the upside (over-bought), so this position is just playing catch-up (as it got previously stopped) to our designated CC portfolio allocation at this (week 5) juncture. We'll see if this stock can add gains to it's recent breakout. I will now look to place an approximately similar allocation into a new position later this week.

Week of April 3, 2010

Tuesday, March 30, 2010
9:50 am EST

Bought 100 shares of NUS (Nu Skin Enterprises, Inc.) at $29.24 (ask).

Sold (1) NUS Apr 30 (NUS1017D30) call option contract at $0.45 (bid).

Stop Loss: $28.79

Please note that these and all alerts, both in-and-out of my covered call trades, can now be instantly received by members at my own Yahoo! Group -

http://finance.groups.yahoo.com/group/CoveredCallFund-Mentoring/

G

From: Gilbert Arevalo <gilbert_arevalo@rocketmail.com>
To: ConservativeOptionStrategies@yahoogroups.com
Sent: Mon, March 29, 2010 7:17:52 AM
Subject: Re: [ConservativeOptionStrategies] Re: My 2010 CC Trades (CENX)

As we begin week 5 of a new rally that "confirmed" on 01-Mar-2010, we'll now ADD the second half of our CENX position. Please note that we RESET our stop for 200 shares of CENX at 14.195:

Week of April , 2010

Monday, March 29, 2010
11:08 am EST

Bought 100 shares of CENX (Century Aluminum Company) at $14.78 (ask).

Sold (1) CENX Apr 15 (QYU1017D25) call option contract at $0.65 (bid).

RESET Stop Loss: $14.195

G

From: Gilbert <gilbert_arevalo@ rocketmail. com>
To: ConservativeOptionS trategies@ yahoogroups. com
Sent: Tue, March 23, 2010 12:02:39 PM
Subject: [ConservativeOption Strategies] Re: My 2010 CC Trades (CENX)

We have entered week 4, since the recent rally confirmation or "Green Light" on 01-MAR-2010, which dictates we enter a new position. This one will be about 1/2 (~7.5%) the typical ~15-20% position allocation.

This position from our watchlist has a good front-month premium and has already reported earnings. Our entry could be better (with a breakout) so on a pullback - with continued good market action we may ADD another 100 shares near our stop-loss point.

Tuesday, March 23, 2010

2:36 pm EST

Bought 100 shares of CENX (Century Aluminum Company) at $15.26 (ask).

Sold (1) CENX Apr 15 (CQL1017D15) call option contract at $1.00 (bid).

Stop Loss: $14.26

But, I'd really like for this to breakout and go further ITM.

G

--- In ConservativeOptionS trategies@ yahoogroups. com, Gilbert Arevalo <gilbert_arevalo@ ...> wrote:
>
> Friday's close also marked the expiration of our short March call option contract.
>
> BCSI (Blue Coat Systems, Inc.) closed at $31.63.
>
> (1) BCSI Mar 30 (IYU1020C30) call option contract was exercised.
>
> 100 shares of BCSI were sold at $30.00.
>
> I will now update KCM Pro 2010.xls, since any volunteers for this CC strategy haven't kept it up. Remember, anyone can download the excel spreadsheet and try my strategy trades on for size (on paper or for real). It is the easiest way for a newbie to get up-to-speed with covered call investing and for the undisciplined investor to learn my rules. I've seen intermittent higher returns and I've seen many scale back or quit altogether, but this is very simple and consistent way to gain quite a large average annual return - over multi-year periods.
>
> G
>
>
>
>
>
> ____________ _________ _________ __
> From: Gilbert <gilbert_arevalo@ ...>
> To: ConservativeOptionS trategies@ yahoogroups. com
> Sent: Fri, March 19, 2010 8:18:21 AM
> Subject: [ConservativeOption Strategies] Re: My 2010 CC Trades
>
>
>
>
> NUS finally succumbs to market distribution, triggering our "stop-loss" target. With today's closing market losses, it will be the first sign of clear institutional selling since the Nasdaq's confirmation - 15 sessions ago.
>
> Friday, March 19, 2010
>
> 10:36 am EST
>
> Bought (1) NUS Apr 30 (NUS1017D30) call option contract at $0.55 (ask).
>
> Sold 100 shares of NUS (Nu Skin Enterprises, Inc.) at $28.28 (bid).
>
> G
>
> --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ ...> wrote:
> >
> > As the market continues to prove it's mettle to rally (and with NUS hanging in there) - along with BCSI slated to be exercised after the close tomorrow, we'll increase our CC portfolio exposure.
> >
> > Thursday, March 18, 2010
> >
> > 12:15 pm EST
> >
> > Bought 100 shares of VLTR (Volterra Semiconductor Corporation) at $24.87 (ask).
> >
> > Sold (1) VLTR Apr 25 (QYU1017D25) call option contract at $1.00 (bid).
> >
> > Stop Loss: $23.87
> >
> > G
> >
> > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > >
> > > Monday, March 15, 2010
> > > 12:19 pm EST
> > >
> > > Bought 100 shares of TRLG (True Religion Apparel, Inc.) at $29.41 (ask).
> > >
> > > Sold (1) TRLG Apr 30 (ZJQ1017D30) call option contract at $1.10 (bid).
> > >
> > > Stop Loss: $28.41
> > >
> > > G
> > >
> > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > > >
> > > > "Blue Coat Systems (BCSI) roared out of a cup-without- handle pattern. Volume was triple its usual pace. It's now less than 3% past its 31.15 buy point." IBD states in the recent TBP (The Big Picture).
> > > >
> > > > We entered BCSI last Tuesday and yesterday's NUS is also (now) doing ok. Of course, the high-octane picks are entirely dependent on the overall market trend - so we'll keep out strict stop rules.
> > > >
> > > > My Covered Call Candidates watchlist (see posting shortly) has a couple of interesting biotech picks (which I avoid). But it has been a top sector and AMLN and ITMN stand out.
> > > >
> > > > Apparently I can buy ITMN at 23.3 and sell the MAR 17.5 call for $9. That'll give a "break-even" of 14.3 and a 13.73% return for a 1.8 week holding.
> > > >
> > > > Very enticing - but I 'll avoid.
> > > >
> > > > G
> > > >
> > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > > > >
> > > > > Monday, March 8, 2010
> > > > >
> > > > > 11:03 am EST
> > > > >
> > > > > Bought 100 shares of NUS (Nu Skin Enterprises, Inc.) at $29.38 (ask).
> > > > >
> > > > > Sold (1) NUS Apr 30 (NUS1017D30) call option contract at $1.10 (bid).
> > > > >
> > > > > Stop Loss: $28.28
> > > > >
> > > > > G
> > > > >
> > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > > > > >
> > > > > > Tuesday, March 2, 2010
> > > > > >
> > > > > > 10:35 am EST
> > > > > >
> > > > > > Bought 100 shares of BCSI (Blue Coat Systems, Inc.) at $29.94 (ask).
> > > > > >
> > > > > > Sold (1) BCSI Mar 30 (IYU1020C30) call option contract at $0.85 (bid).
> > > > > >
> > > > > > Stop Loss: $29.09
> > > > > >
> > > > > > G
> > > > > >
> > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > > > > > >
> > > > > > > This board became very active with the 2009 rally in stocks. Now that we
> > > > > > > are in a correction, an important part of my long-term growth strategy
> > > > > > > is to avoid new buys until a new rally is confirmed. As you may have
> > > > > > > noticed I tend to invest with covered calls using growth stocks. This
> > > > > > > only works during uptrends, which I can target very well using IBD
> > > > > > > criteria. It is imperative to cash out once we reach our stop-loss
> > > > > > > price.
> > > > > > >
> > > > > > > Just take a look at how many former leaders are fully tanking into steep
> > > > > > > price loss. Right now "cash is king" - at least for my approach.
> > > > > > >
> > > > > > > [The image
> > > > > > > "http://img215. imageshack. us/img215/ 2604/promp012210 .jpg" cannot
> > > > > > > be displayed, because it contains errors.]
> > > > > > >
> > > > > > > G
> > > > > > >
> > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert"
> > > > > > > <gilbert_arevalo@ > wrote:
> > > > > > > >
> > > > > > > > Thursday, January 21, 2010
> > > > > > > >
> > > > > > > > 11:00 am EST
> > > > > > > >
> > > > > > > > Bought (2) NANO Feb 12.5 (NTQBV) call option contracts at $0.50 (ask).
> > > > > > > >
> > > > > > > > Sold 200 shares of NANO (Nanometrics, Inc.) at $11.02 (bid).
> > > > > > > >
> > > > > > > > G
> > > > > > > >
> > > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert"
> > > > > > > gilbert_arevalo@ wrote:
> > > > > > > > >
> > > > > > > > > Wednesday, January 20, 2010
> > > > > > > > >
> > > > > > > > > 9:30 am EST
> > > > > > > > >
> > > > > > > > > Bought (1) STEC Jan 19 (SQRAT) call option contract at $0.70 (ask).
> > > > > > > > >
> > > > > > > > > Sold 100 shares of STEC (STEC, Inc.) at $17.83 (bid).
> > > > > > > > >
> > > > > > > > > G
> > > > > > > > >
> > > > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert"
> > > > > > > <gilbert_arevalo@ > wrote:
> > > > > > > > > >
> > > > > > > > > > Tuesday, January 19, 2010
> > > > > > > > > >
> > > > > > > > > > 10:31 am EST
> > > > > > > > > >
> > > > > > > > > > Bought 100 shares of STEC (STEC, Inc.) at $19.32 (ask).
> > > > > > > > > >
> > > > > > > > > > Sold (1) STEC Feb 19 (SQRBT) call option contract at $1.45 (bid).
> > > > > > > > > >
> > > > > > > > > > Stop Loss: $17.87
> > > > > > > > > >
> > > > > > > > > > G
> > > > > > > > > >
> > > > > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, Gilbert
> > > > > > > Arevalo <gilbert_arevalo@ > wrote:
> > > > > > > > > > >
> > > > > > > > > > > Model Portfolio (15-Jan-2009) update:
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > > G
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > > ____________ _________ _________ __
> > > > > > > > > > > From: Gilbert <gilbert_arevalo@ >
> > > > > > > > > > > To: ConservativeOptionS trategies@ yahoogroups. com
> > > > > > > > > > > Sent: Tue, January 12, 2010 6:40:39 PM
> > > > > > > > > > > Subject: [ConservativeOption Strategies] Re: My 2010 CC Trades
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > > Here is an example today of an "unwind":
> > > > > > > > > > >
> > > > > > > > > > > Tuesday, January 12, 2010
> > > > > > > > > > >
> > > > > > > > > > > 1:20 pm EST
> > > > > > > > > > >
> > > > > > > > > > > Bought (1) ASIA Jan 30 (EUJAF) call option contract at $0.25
> > > > > > > (ask).
> > > > > > > > > > >
> > > > > > > > > > > Sold 100 shares of ASIA (AsiaInfo Holdings, Inc.) at $28.60
> > > > > > > (bid).
> > > > > > > > > > >
> > > > > > > > > > > - Model Portfolio update:
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > > > G
> > > > > > > > > > >
> > > > > > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com, Gilbert
> > > > > > > Arevalo <gilbert_arevalo@ ...> wrote:
> > > > > > > > > > > >
> > > > > > > > > > > > With the start of 2010, my $20,000 Model Portfolio update is
> > > > > > > as follows:
> > > > > > > > > > > >
> > > > > > > > > > > > http://img710. imageshack. us/img710/ 6339/prompis. jpg
> > > > > > > > > > > >
> > > > > > > > > > > > (test)
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > http://yfrog. com/jqprompisj
> > > > > > > > > > > >
> > > > > > > > > > > > Spreadsheet of trades and graph updates will follow.
> > > > > > > > > > > >
> > > > > > > > > > > > G
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > ____________ _________ _________ __
> > > > > > > > > > > > From: Gilbert Arevalo gilbert_arevalo@ ...
> > > > > > > > > > > > To: ConservativeOptionS trategies@ yahoogroups. com
> > > > > > > > > > > > Sent: Mon, January 11, 2010 11:40:33 AM
> > > > > > > > > > > > Subject: Re: [ConservativeOption Strategies] Re: My 2010 CC
> > > > > > > Trades
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > Monday, January 11, 2010
> > > > > > > > > > > >
> > > > > > > > > > > > 2:11 pm EST
> > > > > > > > > > > >
> > > > > > > > > > > > Bought 100 shares of ASIA (AsiaInfo Holdings, Inc.) at $29.05
> > > > > > > (ask).
> > > > > > > > > > > >
> > > > > > > > > > > > Sold (1) ASIA Jan 30 (EUJAF) call option contract at $0.45
> > > > > > > (bid).
> > > > > > > > > > > >
> > > > > > > > > > > > Stop Loss: $28.45
> > > > > > > > > > > >
> > > > > > > > > > > > G
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > ____________ _________ _________ __
> > > > > > > > > > > > From: Gilbert <gilbert_arevalo@ rocketmail. com>
> > > > > > > > > > > > To: ConservativeOptionS trategies@ yahoogroups. com
> > > > > > > > > > > > Sent: Thu, January 7, 2010 12:38:28 PM
> > > > > > > > > > > > Subject: [ConservativeOption Strategies] Re: My 2010 CC Trades
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > Thursday, January 7, 2010
> > > > > > > > > > > >
> > > > > > > > > > > > 3:27 pm EST
> > > > > > > > > > > >
> > > > > > > > > > > > Bought 100 shares of VIT (VanceInfo Technologies, Inc.) at
> > > > > > > $20.21 (ask).
> > > > > > > > > > > >
> > > > > > > > > > > > Sold (1) VIT Jan 20 (VITAD) call option contract at $0.75
> > > > > > > (bid).
> > > > > > > > > > > >
> > > > > > > > > > > > G
> > > > > > > > > > > >
> > > > > > > > > > > > --- In ConservativeOptionS trategies@ yahoogroups. com,
> > > > > > > "Gilbert" <gilbert_arevalo@ ...> wrote:
> > > > > > > > > > > > >
> > > > > > > > > > > > > Wednesday, January 6, 2010
> > > > > > > > > > > > >
> > > > > > > > > > > > > 9:45 am EST
> > > > > > > > > > > > >
> > > > > > > > > > > > > Bought 200 shares of NANO (Nanometrics, Inc.) at $11.38
> > > > > > > (ask).
> > > > > > > > > > > > >
> > > > > > > > > > > > > Sold (1) NANO Jan 12.5 (NTQAV) call option contract at $0.15
> > > > > > > (bid).
> > > > > > > > > > > > >
> > > > > > > > > > > > > Stop Loss: $11.23
> > > > > > > > > > > > >
> > > > > > > > > > > > > Sold (1) NANO Feb 12.5 (NTQBV) call option contract at $0.75
> > > > > > > (bid).
> > > > > > > > > > > > >
> > > > > > > > > > > > > Stop Loss: $10.63
> > > > > > > > > > > > >
> > > > > > > > > > > > > G
> > > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > >
> > > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>