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Nice intraday rally continues as the emotions and worries over Japan’s disaster today start to fade and traders look to position themselves into the weekend. The shorts have had a huge week, and are feeling great about double digit gains in many of their most-hated positions. And that propels
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I’ve added to my Cisco January 13 $20 strike price calls and will continue to look to add to existing positions into the close depending on how much we might sell off in the contra (final) hour. As the markets’ sell offs accelerate here as word of Saudi Arabia’
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Thar’ she blows! And another day is in the books once again. It’s a bit painful paying 1x or even worse, 2x, more than these stocks were at when I first added them to the Revolution Investing portfolio, but that is yet another reason why I’m starting off
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Well, I was up at 5am here in NM time, talking about cattle trading, inflation, the fallacy of a difference between the Republican and Democrat policies despite each of their respective claims of being otherwise, and…the opportunity in buying long-dated, Cisco calls. The stock is trading at about 7x
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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
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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.
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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.
