A while back I was long on Silver (Symbol: SLV) for many reasons. Inflation scares, shaky markets, and diversity to name a few. Then suddenly I took a look at it versus the current market and thought “where can this even go from here?” Are we going into a massive depression? Are we going back […]
Options
AMD Stock, Why I’m Placing a Small Bet
Despite all the talk that AMD stock is a falling knife, I had to place a bet on it long. I have put $820 on black … er umm I mean AMD stock. As silly as it seems, it is a gamble that I believe warrants taking. The Good 1. AMD’s revenues are not that terrible. 2. […]
Butterfly Options, the Risks and the Rewards
I got a few responses to my post talking about my recent Apple (Symbol: AAPL) butterfly, therefore I thought I would explain a bit more. A Butterfly option is when you buy 1 call/put, sell 2 calls/put, and buy 1 call/put. This makes a “butterfly.” In my post I talked about how I ordered the […]
Butterfly Option on Apple for Oct 2012
I believe Apple is destined to head back to $700 or even above very soon. But boy look at those option chains, so expensive. What a perfect time for a butterfly option. What are butterfly options? Well let me give you an example. Buy 1 – $10 Call @ expiration date ($-1.79) Sell 2 – […]
LEAP Options over Stocks
I was up over 10% this month, keyword of course being was. For those who follow my blog, you will see on a monthly basis I update with a “personal portfolio update,” letting my readers see where I stand in performance. Recap: July +11.8% August +12.88% Sept: +4.54% (as of 9/20/12) If you are a […]
JCpenney’s is Doom (Symbol JCP), Short on JCP
Revenues, EPS, traffic, and gross margins are all down. I for one am short on JCP. The “nay-sayers” will say that their restructuring deal was a four-year plan, but frankly I feel like the results should have been extremely more positive in the short-term to have any chance of bearing fruit long-term. How bad is […]