Buying common and sometimes call options on AAPL from $7 to $160 and GOOG from $95 to nearly $600 were some of the trades/investments that helped shape my career. I do expect I’ll get an opportunity to be more aggressive in each of these two stocks in coming months, as time and price move and […]
I’m fighting the impulse to trade more. Now that I’ve started, I want more. I want to be more aggressive. I want to buy calls, not common! But those emotions and wants are the enemy that I’ll continually remind you to fight. It’s not about wants, it’s not about trying to impress you readers, it’s […]
I’m starting to scale into those aforementioned MSFT calls and I’ve settled on the Jan 2013 $25 strikes for less than four bucks (about $3.75 right now). Look at another way, I’ve now got 100 shares of upside leverage in every $375 I spend on each of these MSFT calls I buy. As long as […]
Nice rally out there and the bears are looking at oil pulling back and wondering if this market can hang as tough as it’s been and close on the strength it did yesterday what kind of rally could we see if oil pulls back to $90….$85? $75? (Nah, let’s not get carried away.) Let’s also […]
Let’s review the moves I made today — I used just a couple percentage points of capital to buy some long-dated, cheap call options giving me big upside exposure and limiting my losses — while still potentially 100% and with a expiration date to boot — on the downside to the capital allocated. I also […]
We’ve seen the Nasdaq rally nearly a full percentage point heading into the close in the last hour here. Conventional wisdom says that’s bullish for the near-term, but we’ll see. I’m buying a little common stock in Nokia and Cypress, just about 5% of what I’m looking to eventually own in those two names. Scales, […]
It is definitely ugly out there and it definitely “feels” like buying today is the wrong to do. Which is exactly why, as I explained in today’s column from marketwatch, I just started scaling into some 2012 Corning calls. And yes, this time I am starting with slightly out of the money calls, though I […]
I’d rather have a huge down day than a huge up day to start buying, no? Am sitting tight with just the two trades on the sheets for now. On another note, here’s a column I wrote for my blog on Marketwatch about my approach for re-building my portfolio: Detailed trading strategies for this market […]
I bought the Cisco calls, but they’re the January 13, 17.50s — slightly in the money, not out of the money — because they at $3.30 they’re a better buy than the $20s at $2.25. I’ve got good Cisco upside leverage til January 2013 and a cost basis of about $20.80.
Okay, let’s rock. But let’s get started slowly. Looking to invest only 10-20% of my capital this week. Buying a little bit of NUAN common stock now. Will buy some slightly-out-of-the-money calls expiring in 2012 in Cisco too. Easy does it for now.