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Follow My Trades
Below you can follow all of my most current trades. What I did, why I did it, and how much I stand to make. I try to make sure that all positions that I take are well thought out and make prudent sense. Feel free to comment on my blog if you feel that my positions do not make sense or you simply disagree with my logic
1. BRK-B (Berkshire Hathaway B-Share): Sold -1 $80 JUN Call for $3.05
I own 100 shares of BRK/B at a break-even price of $77/share. I am overall bullish on the stock, but would like to capitalize on an upward movement, so I have decided to sell a covered call against the position.
- I believe in Warren Buffet and his investment strategy . I feel that the stock is current undervalued considering his current equity holdings and a book value of $73/share.
2. BHP (BHP Billiton): Sold -2 $65 FEB Puts for $3.35
- I like BHP's story overall and feel that real value exists at the $65 level. Not to mention the dividend at the $65 level is very attractive.
3. MOS (Mosaic Inc.): Sold -3 $65 JUN Calls for $2.05
- I own 300 shares of the stock and would like to hedge my position for any potential downside while waiting for the stock to go up.
- This position is also a play on the rising commodity prices. Except instead of energy this is position is more geared toward the increases in population and decreases in the world food supply. With current grain prices and fertilizer prices where they are at, I feel MOS is a prime take over target.
4. INTC (Intel Corp.): Sold -3 JUL 27 Calls for $1.01
- I own 300 shares of INTL at $20, but would like to hedge and add additional value by selling some covered calls on my position.
- One of the worlds best technology companies. INTC has an excellent balance sheet and financials. Their acquisition of McAfee gave them greater diversification and cash flow. I feel as technology becomes smaller and faster INTC will be in a great place to profit.
5. EXC (Exelon): Sold -4 40 APR Puts for $1.25
- Exelon is a utility company that has excellent cash flow as well as a very attractive dividend. This is a very conservative company, but the recent volatility in the stock has created excellent value in the put pricing.
6. MCD (McDonalds Corp.): Sold -1 JAN 13 100 Call for $6.81
- I own 100 shares of MCD at $72/share and would like to lock in some profit at the $100 level as well as providing a bit of a hedge on my position.
- The golden arches are the corner stone of fast food. MCD marketing and margins are one of a kind. Their go to market strategy has been top notch and their ability to adapt to changing market demands has allowed them to stay at the top of their game.
7. T (AT&T): Sold -3 APR 29 Puts for $.95
- I like the overall value that AT&T has to offer as well as the companies current cash flow and dividend rate. Compared to VZ the company is trading at a huge discount. I feel that there is significant upside to this company, especially at the $29/share level.
8. COP (ConocoPhillips: Sold -2 FEB $65 Puts for $2.10
- I like COP as an excellent oil/natural gas play. With their current exposure to the oil and gas space they have excellent free cash flow the ability to generate additional share holder value. Their current dividend is very appealing compared to their peers.
9. VZ (Verizon Communications): Sold -2 JUL 40 Calls for $1.25
- - I own 200 shares of VZ at $28/share and sold the calls to provide additional downside protection as well as generate additional income on the stock.
- The nations largest wireless carrier. I think it is save to say that AT&T is really their only competition left in the market. VZ has created a stronger balance sheet over the past year, but more importantly provides investors with a very nice dividend.
10. WM (Waste Management Holdings): Own 300 shares of the stock at $33/share; no open option positions yet.
- WM is a great all around play. Whether it be garbage, energy, or just value WM has it. They offer a great dividend for a great value. The companies is involved in a variety of different ventures that helps hedge it against any downturn in the market.
11. COP (Conoco Phillips): Sold -3 COP $62.50, $60, & $57.50 Puts
- Sold the puts in August for an average of $2.20/share which generated a total premium of $660 and provides a nice hedge for any downward movement as well as allows me to lower my cost basis in the event that all three contracts are 'put' to me.
- COP is a very well diversified oil company with significant investments in the gulf, the middle east, and in natural gas reserves here in the U.S.
12. EXC (Exelon Corp): Sold -2 EXC $40 & $39 Puts
- Sold the puts on 8/8 for an average of $1.10/share which generated a total premium of $220 and provides a nice hedge for any downward movement as well as allows me to lower my cost basis in the event that all three contracts are 'put' to me.
- EXC is one of the biggest utility companies in U.S. and it specializes in nuclear power. EXC is very forward thinking in green energy technologies. They also pay a nice 5.5% dividend at current levels.