Update May 24 (week 64)

Added

As planed I bought INTC and GOOGL.

Review

This week the account added $1.85. YTD it is $144.26. Since the beginning this are $198.74.

The market:

The W has completed. Today there was a breakout. Given the fact, that we already had 5 up-days, I would expect that there would be at least some kind of retracement to  407ish even with an undercut to 405ish on Tuesday. I would have liked to see more volume, but the bullish divergence between the MACD Histogram and price was a bit of a tip off. 

Note to self, trust what you see and turn off the noice generator between the ears…lol..

Next Week's Plan

I was pointed to FSK. This looks like a good investment. So 100$ will go there for at least the next 2 weeks.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything. 

Update Week May 2, 9, 16 (week 61-63)

Added

On May 2, I added 100$ to QYLD. With that the QYLD has 5%  and can't be added to  for a while.

On May 18, I added 100$ to MO. This brings the position to 4.8%

This leaves $100 left over. So this week I can add spend $200.

Review

The week ending May 7th, added $4.47, the week ending May 14th added $7.13 and the week ending May 21st added 3.54. YTD this is $142.41 and since inception this is 195.89.

Market

It looks like we could do a W pattern and it the patterns turns out to be correct, we could easy go back to the 430ish level.

Next Weeks Plan

This week I am going to add to GOOGL and INTC 100$ each. INTC is becoming what I call an accidental yielder. An accidental yielder is a stock that maintains the dividend, but the share price is falling. That increases the yield.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Apr 25 (week 60)

Added

As planed I added 100$ to EXG

Review

This week I had 14.63 in dividends coming in. This makes it for a total of $181.14 since the beginning.

I have EXG and RYLD now being just over 5% of the portfolio. 

Next Week's Plan

Add 100$ to QYLD.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Covered Strangle CSCO April and Closing Remarks

I was not paying attention to the position in the last 2 weeks.

As a result, I got assigned 100 shares at 50$.

I now own 200 shares as with an average price of  $52.71. For the existing position there were also 38$ of dividends coming in on 4/27.

To generate some more income, I will start selling calls at 53 or higher. At this time, I will not sell another put, I don't want to add another 100 shares to the position.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Apr 19 (week 59)

Added

As planed on Monday I added 100$ each to QYLD/RYLD/XYLD

Review

This week $2.32 from CAH/O/SRE/MAIN did hit the account. This makes it now $166.51 since inception and YTD $112.66.

The W pattern outlines in week 55 did materialize.

A trace back from the 462 area was to be expected. Today's pull back does not make too much sense for me yet. The next target is 415ish. 

Plan for next week

100$ are going to go into EXG.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Covered Strangle KO-Apr-22 (and closing remarks)

KO went up in a straight line since the beginning of March. basically 10 $ since 3/10. The upcoming Monday KO has earnings. Who knows what will happen there.

As one can see my short put option I bought back 10 days ago for 2 cents. And the current stock price is way over the short call I sold. This means, I will loose the stock on the weekend. This is ok for me. This is  for income with an investing component.

Unless KO trades below 63$ Fri 6pm, I am loosing the stock. It is unlikely to me, that we will be below 63$ at 6pm Fri, but stranger things have happened.

Note, what I am doing here, is mentally booking profits, that I do not have in my account until settlement on Monday. This can play numbers on the mind and confidence.
Let's recap the trade:

I bought 100 shares of KO for $6,162 and I will be selling them for 63$, this is a 138$ gain. There was a 44$ dividend payment, that makes it 182$ gain. In February I sold options for 85$, which I bought back in Mar for 4$ = 81$ income. This makes total return 263$. In March I sold 84$ worth of options, where I bought 1 option back for 2$ = 82$. Now income is at 345$. Total percent return $345/$6,162=5.5%. 
Trade duration 2/15 till 4/23. 
Now this does not include commissions.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Mar 28, Apr 04, Apr 11 (week 56+57+58)

 Added

As outlined as time I added GOOGL the week of Mar 28.

Review

I took a weekend off and visited a friend on the coast. We had a great time. When I got back, I found out I need to take over a project from a colleague leaving the company. Live throws curve balls we have to deal with. So the sum of investable money is now 300$.

With the spin-off of WBD from ATT, there were plenty of dividends coming in over the past 3 weeks. I did account the portion of "in lieu of shares" as dividend to WBD. Is that accurate? No, but without the spin-off the money would not have hit my account.

Plans for next week

As there are 3 weeks  to be invested, they will go $100 each into QYLD/RYLD/XYLD on Monday. I just need an easy solution for now.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.