Want To Share

Oh ,
I'm sure it was not a waste of money for you

hedged profits is worth much more then naked profits no matter what you pay :) Protection of capital is priceless.


But I'd like to know what was the ratio lets say

you paid $1,000 for the hedge

but your shares went up $5,000 for a $4k gain.

20% insurance premium

How was your premium?
 
OK... I got the question now---- Let me do some math and get back to you..

80 Protective Puts X=60 Cost=$7,600.00
80 Protective Puts X=75 Cost=$19,600.00

(Only Closed out CALLS) 210 CALLS X=65,70,75 Cost=$26,150.00 Sold=$262,400.00 Net=$236,250.00

8000 Shares Common ---Cost=$516,720.00
8000 Shares Common ---Sold=$690,960.00
8000 Shares Common----Net=$174,240.00 (33.72%)

80 contracts Protective Put X=60 % of Cost of Common=1.39% of Common original cost going into Wed.
80 contracts Protective Put X=75 % of Cost of Common=3.79% of Common original cost going into Thurs.
80 contracts Protective Put X=60 % of Net Gain on Common=4.13%
80 contracts Protective Put X=75 % of Net Gain on Common=11.25%




These Percentage points were well worth the protection!!!

30 contracts Protective put sold X=75 for an $3900 dollar gain.
5000 Shares Common Bought @74.55 since I have 50 Put contracts open X=75
 
$costAverageman,

Love the math, Now thats some impressive % Gain :))

Since you have a nice sized capital,

1)
How much capital in %% percentage wise do you set aside to trade options (your call ones) ?

I've noticed you buy a lot of options even though you have a large sized buying power.

Have you always used options in the past to grow your capital to the size you are now?

2) What did you think about the SPREAD for the options you bought

I'm looking at some of the NYX mar 06 optioons 65
9.50 bid 10.10 ask

How was the spread hitting you? Any effect?

Many times I do not use options is because the spread is quite deadly in a way, if the move was not big, I lose out on the spread right there. And thats a pretty big spread 60 cents 10% spread.
 
Here Is Vector Vest top 300 List as of the close on Friday Mar. 10th

They have a strategy of the week and are sitting in CASH currently...They will play the Market Up/Down as it develops....Some very mixed signals given in the past 5 weeks...I have been keeping up with the strategy and it is hinting towards a down turn....I will be watching the Adv./Dec. Line closely this week and will be willing to sell at any moment...I will list my momentum watchers Monday before market opens and hopefully have them narrowed down to like 10-15 equities to watch..

I have been loading EWY (S. Korea iShares)--Just added PKX Thur.

S.Korean shares gain on exporters, POSCO at record
Sun Mar 12, 2006 9:30 PM ET
SEOUL, March 13 (Reuters) - Seoul shares rose on Monday, led by exporters such as Samsung Electronics as data showing stronger-than-expected U.S. job growth last month raised optimism about consumer demand in the world's largest economy.
Steel maker POSCO Co. Ltd. (005490.KS: Quote, Profile, Research) also hit a record high on a rally among global peers amid hopes that rising steel prices and lower raw material costs would help improve earnings by more than expected this year.

The benchmark Korea Composite Stock Price Index (KOSPI) <.KS11> rose 1.32 percent to 1,337.50 by 0137 GMT.

But it is weaking ahead of US and Europe open
 

Attachments

CoolWeb
I am really not the best person for option analyst....

I Rarely do anything but buy Protctive Puts and sell covered calls when the market looks weak...Most of my portfolio was built in the last 2 years and tech bubble when protective puts saved my A#S......

This AX/NYX positions was what I like to call a "sure thing" and they rarely ever come along!!!

I will look at this spread and let you know what I think!

$COSTAverageMAN
 
Quote from $CostAverageMAN:

CoolWeb
I am really not the best person for option analyst....

I Rarely do anything but buy Protctive Puts and sell covered calls when the market looks weak...Most of my portfolio was built in the last 2 years and tech bubble when protective puts saved my A#S......

This AX/NYX positions was what I like to call a "sure thing" and they rarely ever come along!!!

I will look at this spread and let you know what I think!

$COSTAverageMAN
More...


I see! I see,

I thought you were an options speculator :D

Now I see, protective puts fits your trading personality much better.

I just know some traders set aside around 10% just for options for leverages speculation.
Thought you did the same thing :)
 
MID DAY UPDATE

SOLD

ICE@70.55
NUE@95.48
MRB@2.99
MMK@2.27
PRLS@8.69
NYX@79.02 (2/5)
BOT@119.40 (SOLD 1/2)
TRMS@14.80 (Sold 1/2)
NDAQ@43.05(Sold 1/2)
ANK@50.50 (Sold 1/2)
FAST@44.79 (Sold 1/2)
RNAI@7.22 (Sold 1/2)
XSNX@2.21 (Sold 1/2)
OXPS@28.02 (Sold 1/2)

BOUGHT
PAAS@22.80
RACK@43.04
FLOW@13.73
ERS@18.71
UARM@26.35
 

Attachments

Well It has been another Green Day for the 2006 anomaly.....I was a little mad after selling the FNSR last week for a nice gain, WHEN I saw The CrazyMAN "Cramer" on TV Lead his Friday show off with FNSR......Then On Monday he leads off with AVNX....I was very happy I still owned this one....The Count is up to 43 now for My Stocks Previewed by him on his show...:D :D

Then earlier today Hank Greenberg pumped up a closed end fund EQUOS II (EQS) which he happily moved 5.5% today for me..

Did alot more selling then buying today!!!!

SOLD

ATAC@20.88 after they guided lower
LFUS@34.21 Sold Half it looked as if it was running out of steam
AIQ@ 5.98 SOLD ALL just isn't doing anything
ISE@50.72 SOLD HALF Today into strength

Bought

SMTX@2.01 Ahead of Earnings
HAL@67.90 Defensive play
LEA@15.87 Bottom Fishing in auto parts....This is a bad move!!!, but we will see...

Check OUT SMTX in the after HOURS.....I knew they would swing to profitability this quarter.....

$COSTAverageMAN
 
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