The following position(s) were closed to "lock in the gain":
Week of April 10, 2010
Thursday, April 8, 2010
9:54 am EST
Bought (1) FXI Apr 43 (FXI1017D43) call option contract at $0.83 (ask).
Sold 100 shares of FXI (iShares FTSE/Xinhua China 25 Index) at $43.25 (bid).
Take note of volume coming markedly back into yesterday's market - resolving to the downside. It gave another distribution day (indeniably institutional selling) across all of the major indexes, as the stack continues. With the market having gotten *healthier* with time, expectations from our signals increases - lending further credence toward near-term caution. Hence another position's gains taken off the table. Do not let gains cycle into losses.
We are still in an "confirmed" uptrend, so our risk measures dictate we may enter another position, although I do so with some trepidation or angst. In any event, sticking to our long-term successful rules remain first and foremost for the disciplined investor/trader. Reason: Our long-term average gains will be perpetuated as will contained risks as measured by (max) DD. Do not let the near-term cloud focus.
G
Join http://finance.groups.yahoo.com/group/CoveredCallFund-Mentoring/ if you haven't, yet.
Week of April 10, 2010
Thursday, April 8, 2010
9:54 am EST
Bought (1) FXI Apr 43 (FXI1017D43) call option contract at $0.83 (ask).
Sold 100 shares of FXI (iShares FTSE/Xinhua China 25 Index) at $43.25 (bid).
Take note of volume coming markedly back into yesterday's market - resolving to the downside. It gave another distribution day (indeniably institutional selling) across all of the major indexes, as the stack continues. With the market having gotten *healthier* with time, expectations from our signals increases - lending further credence toward near-term caution. Hence another position's gains taken off the table. Do not let gains cycle into losses.
We are still in an "confirmed" uptrend, so our risk measures dictate we may enter another position, although I do so with some trepidation or angst. In any event, sticking to our long-term successful rules remain first and foremost for the disciplined investor/trader. Reason: Our long-term average gains will be perpetuated as will contained risks as measured by (max) DD. Do not let the near-term cloud focus.
G
Join http://finance.
From: Gilbert Arevalo <gilbert_arevalo@
To: CoveredCallFund-
Cc: ConservativeOptionS
Sent: Wed, April 7, 2010 8:41:29 AM
Subject: [ConservativeOption
The following stock(s) triggered our "Stop-Loss" target(s):
Week of April 10, 2010
11:18 am EST
Bought (1) MELI Apr 50 (QMB1017D50) call option contract at $0.70 (ask).
Sold 100 shares of MELI (Mercadolibre, Inc.) at $48.36 (bid).
Another of our tenuous entries gets STOPPed. I am looking at CSIQ, since recently (past 9 mos. - Jan-Feb muted correction, notwithstanding) getting cashed out. . .has repeatedly proven to be a buying opportunity!
G
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Wed, April 7, 2010 8:17:00 AM
Subject: Re: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (NUS)
Week of April 10, 2010
11:18 am EST
Bought (1) MELI Apr 50 (QMB1017D50) call option contract at $0.70 (ask).
Sold 100 shares of MELI (Mercadolibre, Inc.) at $48.36 (bid).
Another of our tenuous entries gets STOPPed. I am looking at CSIQ, since recently (past 9 mos. - Jan-Feb muted correction, notwithstanding) getting cashed out. . .has repeatedly proven to be a buying opportunity!
G
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Wed, April 7, 2010 8:17:00 AM
Subject: Re: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (NUS)
The following stock(s) triggered our "Stop-Loss" target(s):
Week of April 10, 2010
Tuesday, April 7, 2010
9:40 am EST
Bought (1) NUS Apr 30 (NUS1017D30) call option contract at $0.30 (ask).
Sold 100 shares of NUS (Nu Skin Enterprises, Inc.) at $28.79 (bid).
What looks to be like more distribution stacking up for the indexes, has once-again reduced our exposure. Yet, I am looking to move into another CC position (with yesterday's VLTR close to "lock in the gain"). I'll "wait-and-see" how this day pans out.
IBD Tip: Distribution days can signal market top.
G
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Mon, April 5, 2010 11:37:33 AM
Subject: Re: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (VLTR)
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Thu, April 1, 2010 10:30:52 AM
Subject: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (MELI)
Week of April 10, 2010
Tuesday, April 7, 2010
9:40 am EST
Bought (1) NUS Apr 30 (NUS1017D30) call option contract at $0.30 (ask).
Sold 100 shares of NUS (Nu Skin Enterprises, Inc.) at $28.79 (bid).
What looks to be like more distribution stacking up for the indexes, has once-again reduced our exposure. Yet, I am looking to move into another CC position (with yesterday's VLTR close to "lock in the gain"). I'll "wait-and-see" how this day pans out.
IBD Tip: Distribution days can signal market top.
G
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Mon, April 5, 2010 11:37:33 AM
Subject: Re: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (VLTR)
Strength today in the semiconductor sector allowed for the following position was closed to "lock in the gain":
Week of April 10, 2010
Monday, April 5, 2010
1:10 pm EST
Bought (1) VLTR Apr 25 (QYU1017D25) call option contract at $2.85 (ask).
Sold 100 shares of VLTR (Volterra Semiconductor Corporation) at $27.30 (bid).
This is an example of how a CC position that has gone ITM can be closed early with a profit. We may do this in an uncertain market to "lock in the gain". In this case a 2.4 week holding yielded 2.33%. Had we held another 1.8 weeks, a total 4.54% gain was possible.
This market order didn't execute quite as I intended. Yes, the bid/ask spread sucked - but still it is entirely probable that I could have sold the stock $0.25 higher with the same option buy price. I just miffed the execution and it sacrificed 1.0% of my intended gain. With my strategy goals/results - usually just say "Oh, well", but lately all gains seem necessary!
G
Week of April 10, 2010
Monday, April 5, 2010
1:10 pm EST
Bought (1) VLTR Apr 25 (QYU1017D25) call option contract at $2.85 (ask).
Sold 100 shares of VLTR (Volterra Semiconductor Corporation) at $27.30 (bid).
This is an example of how a CC position that has gone ITM can be closed early with a profit. We may do this in an uncertain market to "lock in the gain". In this case a 2.4 week holding yielded 2.33%. Had we held another 1.8 weeks, a total 4.54% gain was possible.
This market order didn't execute quite as I intended. Yes, the bid/ask spread sucked - but still it is entirely probable that I could have sold the stock $0.25 higher with the same option buy price. I just miffed the execution and it sacrificed 1.0% of my intended gain. With my strategy goals/results - usually just say "Oh, well", but lately all gains seem necessary!
G
From: Gilbert Arevalo <gilbert_arevalo@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Thu, April 1, 2010 10:30:52 AM
Subject: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (MELI)
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: ConservativeOptionS trategies@ 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@ rocketmail. com>
To: CoveredCallFund- Mentoring@ yahoogroups. com
Cc: ConservativeOptionS trategies@ yahoogroups. com
Sent: Thu, April 1, 2010 6:59:56 AM
Subject: [CoveredCallFund- Mentoring] My APR-2010 CC Trades - (FXI)
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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