Thursday, August 7, 2008

WMT - New Position

I decided with the drop in Wal-Mart today that I would buy some.


WMT BTO 200 shares @ 57.80 ($11,569.95)
STO 2 60 Sep 08 @ 1.20 Income $227.04
RIU 1.95% RIE 5.57% Monthly RIE 3.98% Annual RIE 48.38%

Wednesday, August 6, 2008

Review of Positions for Next Week

Starting to evaluate possibilities for next weeks expiration or exercise of calls. Do I want to let calls be exercised or to buy some of them back. Current almost half of the stocks in Account 2 could be called: CVS, GE, JPM, KO, RIMM, SPLS, UNH, WM. A couple of these of just out at current time. A couple of others are further out but could be in by next Friday. The current market is like a Yo-Yo and not very easy to predict if stocks will be called or not. I usually let the stocks be called and then repurchase. Trading in a Market to Market account all gains are short term so the only advantage of a roll out is savings of exercised commission which must be traded off against cost of buy back of option and repurchase of stock.