Cabin's journal of buys, sells, and covered calls...
- Thread starter Cabin111
- Start date
Health insurance is a major headache, even for ones who are comfortably situated in the middle. Any party for a single payor system will have my vote.
I can't believe companies such as UNH weights nearly 10% in DOW. They don't make things or researchs, just brokering patients, it is disguising and akin to human trafficking.
First of all, I want to say Do NOT ever let other people's sayings influence what you want to do. You have every right to post whatever covered call posts in the "Options" forum. It's an Options forum forchrissake. And the last time I checked, a covered call involves options.
But having said that, glad to see you decided to create a journal sharing your insights about covered calls. I am sure I will enjoy reading your journal as I have already enjoyed reading this first post. Very impressed with the endeavours that you have undertaken in your life.
With regards to covered calls, personally I am not a fan of those. They are an inefficient way to take profit on an underlying when they are called away and they provide ineffective control of risk when the underlying is in a severe downtrend. They only have very limited uses in that they are effective in generating some income or offsetting some paper losses only when the underlying is experiencing a temporary downtrend and has a fairly good chance of bouncing back. So for those holders of the underlying who still believe in the long-term growth potential of the underlying then they can elect to write some calls to like I said before to generate some income or offset some paper losses when the short-term losses are not big while waiting for the underlying to rebound. If the underlying is totally tanking, you should sell it and then even short it and then buy protective calls to protect it from potential short squeezes.
That's just my opinion. But whatever works for you. It's the profit that counts in this game.
Good trading!! Looking forward to reading your journal. And happy belated or in advance millionth anniversary!
Back from Montana...What a long day. Last night I was moving equipment for wheat/barley harvest. Today, two hour drive to catch a flight from Great Falls, 1 1/2 layover in Salt Lake, then onto Sacramento. Then another 2 1/2 drive (in traffic) home.
I just viewed the markets, but didn't look hard at it.
The one bright spot was Boston Scientific...With some of these drug companies, you wait and wait!! As you have seen, most of my stocks are boring and stable. Some get bought out because of the quality of their products. Then you get something like below, then you see what you saw it the company...
Boston Scientific (BSX) was the best-performing stock in the S&P 500 after the medical device maker reported positive results from a clinical trial for its system to treat patients with atrial fibrillation (AF).
The Farapulse Pulsed Field Ablation (PFA) uses electric fields to remove heart tissue causing irregular heartbeats, rather than the more traditional thermal method. The study involved 607 patients with paroxysmal AF who had previously been unsuccessfully treated with at least one anti-arrhythmic drug.
Data showed the Farapulse performed as well as standard-of-care therapies, meeting the primary efficacy and safety endpoints, the company said.1
Kenneth Stein, senior vice president and global chief medical officer at Boston Scientific, said the results “underscore the superior procedural efficiency of this novel technology.” The performance of Farapulse is “an encouraging sign of the potential utilization of the device in the U.S.," he said.
Stein noted further studies are planned.
Boston Scientific shares rose to their highest level since July on the news.
I just viewed the markets, but didn't look hard at it.
The one bright spot was Boston Scientific...With some of these drug companies, you wait and wait!! As you have seen, most of my stocks are boring and stable. Some get bought out because of the quality of their products. Then you get something like below, then you see what you saw it the company...
Boston Scientific (BSX) was the best-performing stock in the S&P 500 after the medical device maker reported positive results from a clinical trial for its system to treat patients with atrial fibrillation (AF).
The Farapulse Pulsed Field Ablation (PFA) uses electric fields to remove heart tissue causing irregular heartbeats, rather than the more traditional thermal method. The study involved 607 patients with paroxysmal AF who had previously been unsuccessfully treated with at least one anti-arrhythmic drug.
Data showed the Farapulse performed as well as standard-of-care therapies, meeting the primary efficacy and safety endpoints, the company said.1
Kenneth Stein, senior vice president and global chief medical officer at Boston Scientific, said the results “underscore the superior procedural efficiency of this novel technology.” The performance of Farapulse is “an encouraging sign of the potential utilization of the device in the U.S.," he said.
Stein noted further studies are planned.
Boston Scientific shares rose to their highest level since July on the news.
How are you invested in this? Did you have covered calls? Where did you get in and how long ago?
Don't know...My wife had it for years. There may have been one or two covered calls. She tends to do less of them in her Roth IRA. "On paper" she has made good money with this company. You may not believe this, but she will look long and hard at "her" stocks every year or few years. If she owns a oil and gas ETF, or biotech mutual fund, does she really need to look long and hard at it??
If she owns Lowes, ADM, Invesco Energy (FSTEX), does she always have to be on top of it...?? She will walk through a recession without making a move...
Now if an industry changes (T)...landline vs satellites, she will adjust accordingly.
PS I just happen to look, we also have 300 shares in our trust account. It may have been optioned once or twice...Don't really want to look up the history. We have made money "on paper" with that one too...
PPS I haven't shared with you some of my major losses, but they are there; AT&T, Verizon, Micron, ect...
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