AEE: AEE PUT 30 Dec 13 @ $.30 ; 200% Profit
LNKD : CALL 260 Sep 13 ; 70.37%
The Covered Call |
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YELP: Sold the $65 calls out last week to take advantage of the triple, not one but 3 -THREE gap ups. See graph #1
For 3 consistent days the stock did a gap jump 9/4 , 9/5 , 9/6. Following the third gap jump the stock proceeded to consolidate giving the momentum we needed to implicate our strategy. Following the selling of the calls we proceeded to take a (-23.37%) loss. If you view chart # 2 you will see the reason for error. The stock proceeded or seemed to proceed to a favorable position. The shame on me twice was the scenario was the selling of the $70 calls. This proceeded to have the fund another loss this time greater then the one before. We proceeded to take a (-67.43) loss. LESSON: NEVER get emotional with your investments. Know your risk tolerance levels and stick to With the S&P nearing the top of the range at $170. I sold out of my $165 calls. I feel as though 23.23% for the short run was as good as it was going to get. Besides if the S&P climbs a little higher, I won't be too upset. Like that song the "Gambler" (Know when to hold'em, know when to fold'em, know when to walk away, and know when to run). I'm taking my chips and walking away, and looking for a new scenario to invest. No one ever went broke making a profit.
TRIP - 84.78%
AWR- 18.49% JJSF- 4.45% AAPL- 4.17% FIRE- .30% PSA- 0% JAZZ- (-1.10%) HSIC- (-1.11%) TGT- (-3.29%) UBNT- (-15.79%) |