Friday, May 6, 2011

SPRING TRADES:

While on Easter vacation I had NI (Nisource) called away before ex-Dividend after 3 months holding. Results were $172 net of commissions on 300 shares at $5600 cost, or 12.27% annualized.
After returning, I decided to keep my 200 COP (Conoco), rolling out May calls before the May 17 next ex-D date (there's a trade here!!), to Aug., netting me another $322, or 8.7%. With the 67 1/2 call well below the current $73 stock price, there is a nice "safety net" for 3 months.
These are my basic DITM trades, while still playing other trades (gold, silver, etc.) with other money.

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