$10,000 Monitored Aggressive Portfolio Trades for January 2008
This is a rolling portfolio and we we look at open positions and make new trades each month on expiration weekend.
NOTE to Subscribers: Because of the anticipated volatility in the markets the week after expiration (January 19) we will not execute the buy/writes identified by the Analyzer this weekend. Instead, we will maintain the identified buy/writes and execute them when things settle down. We decided things had settled down enough by mid week and used the pricing after the close on Tuesday, the 22nd, and prepared our buy/writes for submission to out broker on Wednesday morning (January 23). This date is now the basis for our January. We also decided to ride the volatility through the week (until January 28) by suspending our get-out rule (-15%).
Close Window
Buy
100 shares of
PGNX at $16.68 (closing last trade price) and sell 1 contracts of GUB BW
(Feb$17.50 ) at $2.30 (closing bid price) expiring on 2/16/2008.
Buy 100 shares of
RVBD at $19.10 (closing last trade price) and sell 1 contracts of UEX
BX (Feb$22.50 ) at $1.10 (closing bid price) expiring on 2/16/2008.
Buy
100 shares of
CSIQ at $18.59 (closing last trade price) and sell 1 contracts of GQA
BX (Feb$22.50 ) at $1.05 (closing bid price) expiring on 2/16/2008.
Buy
100 shares of
MTG at $16.05 (closing last trade price) and sell 1 contracts of MTG BD
(Feb$17.50 ) at $1.05 (closing bid price) expiring on 2/16/2008.
Buy
100 shares of
DAL at $14.85 (closing last trade price) and sell 1 contracts of DAL BW
(Feb$17.50 ) at $0.65 (closing bid price) expiring on 2/16/2008.
Buy
100 shares of
ACF at $10.28 (closing last trade price) and sell 1 contracts of ACF BV
(Feb$12.50 ) at $0.55 (closing bid price) expiring on 2/16/2008. Totals for
January:
*After the effect of all commissions.
The
stocks listed above are for illustrative and educational purposes only and
should not be construed as an endorsement, recommendation, or solicitation to
buy or sell any particular security.
On January 19, 2008 (expiration weekend), Investment Enhancing Systems, Inc.
initiated a new $10,000 aggressive portfolio for 2007, This portfolio uses
stocks identified in our Aggressive "Stocks-to-Consider" list by selecting
buy/writes from the "Stocks with high or negative PE ratios" list. We have set
the money available to $2,000 and have reduced the
commissions for purchasing the stock to $9.95 and selling the calls to $9.95
plus $1.50 per contract in our parameters page. Several low cost, on-line
brokers offer these low commissions. Since it is an aggressive portfolio, we
keep the premium income and stock price appreciation to the strike price in the
portfolio. We update the portfolio each month on expiration weekend. Our
objective is to maintain and grow the portfolio. The table above lists details
of stocks bought and calls sold, and when we held the stock or exercised our
get-out price. Note: In all of our lists and portfolios, we have
established a get-out price which we exercise when the stock price drops 15%. If
this happens during the month, we will get-out and report the sale of the stock
and the buy-back of the calls at the next expiration weekend postings. We
anticipate good months and poor months, with a general gain at year end.
Patience usually wins. Because this portfolio is limited in diversity, it will
be much more difficult to realize the types of gains in our larger portfolios.
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© 1996-2008 Investment Enhancing
Systems, Inc.- Incorporated in Illinois and registered in the Cook County
Call Premium
Cost
Balance
Starting Cash
$10,000
From Aggressive
"Stocks-to-Consider" for
January 19, 2008 and putting $2,000 in the money
available field
$219
$1,678
$8,540
$99
$1,920
$6,720
$94
$1,869
$4,945
$94
$1,615
$3,424
$53
$1,495
$1,982
$43
$1,038
$987
+$601
$9,615
$987
Portfolio value
at January 19, 2008 is $10,564*.