In keeping with today's (thus far) bullish price and volume action [Nasdaq has - however - reversed significantly from highs, but along with the market is up in much high volume (than yesterday's decline)].
Notice that premium to FXI & MELI stock cost isn't *huge*, but an ETF - I rarely use - is a safer (more diverse) play and technical action in these is very strong, which takes precedent in today's market. Also keep in mind that if we tie up an extra few k in capital, we aren't anywhere near allocating half (the most I use) available margin.
Additionally, our exposure is as scheduled as our CENX close proved (thus far) for this part of the portfolio to stay allocated. In other words we've just replaced it with FXI and about another k to get the similar premium. Also, keep tight STOPs as we have an automatic exit of both call option and stock, at this time, for both of these positions
Thursday, April 1, 2010
1:08 pm EST
Bought 100 shares of MELI (Mercadolibre, Inc.) at $49.46 (ask).
Sold (1) MELI Apr 50 (QMB1017D50) call option contract at $1.10 (bid).
Stop Loss: $48.36
Notice that premium to FXI & MELI stock cost isn't *huge*, but an ETF - I rarely use - is a safer (more diverse) play and technical action in these is very strong, which takes precedent in today's market. Also keep in mind that if we tie up an extra few k in capital, we aren't anywhere near allocating half (the most I use) available margin.
Additionally, our exposure is as scheduled as our CENX close proved (thus far) for this part of the portfolio to stay allocated. In other words we've just replaced it with FXI and about another k to get the similar premium. Also, keep tight STOPs as we have an automatic exit of both call option and stock, at this time, for both of these positions
Thursday, April 1, 2010
1:08 pm EST
Bought 100 shares of MELI (Mercadolibre, Inc.) at $49.46 (ask).
Sold (1) MELI Apr 50 (QMB1017D50) call option contract at $1.10 (bid).
Stop Loss: $48.36
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My JAN-2010 to MAR-2010 CC Trades -
http://finance. groups.yahoo. com/group/ ConservativeOpti onStrategies/ message/5726
Also see "KCM 2010 Trading History.doc" in the CoveredCallFund- Mentoring Group files section.
Join my new Y! Group to get these alerts in "real-time" and all CC Fund management training material w/mentoring & auto-trade, available now.
G
From: Gilbert Arevalo <gilbert_arevalo@rocketmail.com>
To: CoveredCallFund-Mentoring@yahoogroups.com
Cc: ConservativeOptionStrategies@yahoogroups.com
Sent: Thu, April 1, 2010 6:59:56 AM
Subject: [CoveredCallFund-Mentoring] My APR-2010 CC Trades - (FXI)
My JAN-2010 to MAR-2010 CC Trades -
http://finance. groups.yahoo. com/group/ ConservativeOpti onStrategies/ message/5726
Also see "KCM 2010 Trading History.doc" in the CoveredCallFund- Mentoring Group files section.
Join my new Y! Group to get these alerts in "real-time" and all CC Fund management training material w/mentoring & auto-trade, available now.
G
From: Gilbert Arevalo <gilbert_arevalo@
To: CoveredCallFund-
Cc: ConservativeOptionS
Sent: Thu, April 1, 2010 6:59:56 AM
Subject: [CoveredCallFund-
Week of April 3, 2010
Thursday, April 1, 2010
9:30 am EST
Bought 100 shares of FXI (iShares FTSE/Xinhua China 25 Index) at $42.91 (ask).
Sold (1) FXI Apr 43 (FXI1017D43) call option contract at $0.79 (bid).
Stop Loss: $42.12
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My JAN-2010 to MAR-2010 CC Trades -
http://finance. groups.yahoo. com/group/ ConservativeOpti onStrategies/ message/5726
Also see "KCM 2010 Trading History.doc" in the CoveredCallFund- Mentoring Group files section.
Join my new Y! Group to get these alerts in "real-time" and all CC Fund management training material w/ mentoring & auto-trade, available now.
G
Thursday, April 1, 2010
9:30 am EST
Bought 100 shares of FXI (iShares FTSE/Xinhua China 25 Index) at $42.91 (ask).
Sold (1) FXI Apr 43 (FXI1017D43) call option contract at $0.79 (bid).
Stop Loss: $42.12
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
My JAN-2010 to MAR-2010 CC Trades -
http://finance. groups.yahoo. com/group/ ConservativeOpti onStrategies/ message/5726
Also see "KCM 2010 Trading History.doc" in the CoveredCallFund- Mentoring Group files section.
Join my new Y! Group to get these alerts in "real-time" and all CC Fund management training material w/ mentoring & auto-trade, available now.
G
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