WealthEsteem.org Psychology of the Deal

Month: February 2003

  • Feb BHP calls expire

    Well the February BHP $9.49 Calls I wrote for $0.11 (and bought back for $0.105) expired today worthless! 🙁 See? not every trade works. Oh well next trade.

  • Sell 5 March 9.49 @ 0.22

    Wrote another covered call while driving to an appointment. That was probably poor form because I could have got $0.12 on a 9.73 call and that might have been a safer trade. If I get exercised at 9.49 I’m at breakeven. If the price firms and exercise looks likely I could buy the option back […]

  • Maintenance outage

    A password resyncronisation problem led to the site being off-line between 23:30 24-Feb-03 and 13:00 25-Feb-03 AEDT. Sorry about that. If you connected to the outage you may need to click refresh on some pages to clear your cache. But if you can read this then you probably don’t need to. 😉 If you have […]

  • Property Myths Exposed

    This article by Peter Thornhill for Westpac’s Online@W was challenging. Peter used to be General Manager of MLC and is definately biased toward equities. Westpac really should admit their marketing bias in presenting these stories too. I ‘d like your reactions to the article as well. I actually agree with the Peter 100% on the […]

  • BHPEL down to 0.075

    OK, it appears that I have wondered from my trading strategy and am trading on emotion. Yes it is good to take insurance — in my case I did that by buying BHPEL back at 0.105 yesterday to close out my position. I didn’t expect BHP to hit $9.49. For the record I don’t think […]

  • Buy 5 BHP Feb 9.49 Calls

    I bought them back at 0.105 (0.005 profit) to close out the position. That makes it my worst option trade to date. I’m out $230 in commissions. Something is going on with BHP and I have no idea. Neither does my broker. I could hold on, if BHP hits $9.49 I get exercised and pay […]

  • Sell 5450 ALL @ 2.02

    Hey a fast profit is a good profit. I’m out with a 11.60% gain (before commissions) in six days. I wish all my trades were like that.

  • e-mail subscription service

    I am trying to get a email notifier working for Wealth Esteem. That will allow guests to be notified when an entry is made here. Is this something you would find useful? Comment below.

  • Buy 5450 ALL @ $1.81

    I couldn’t resist. Aristocrat has been suspended twice in a week, but it was trading at above $4.00! It may never see those highs again. But I do expect it to hit $2.00-$2.50. It was $2.30+ before the recent hault. Aristocrat is the second largest manufacturer of gaming machines in the world. The US growth […]

  • Write 5 BHP Feb 9.49 Calls

    OK after some needling I’ll blog when I do an option trade as well. Basically all I’ve done since November 2002 is write covered calls on my BHP holding. The deals were 5 December 10.21 BHP Call options Each contract is 1053 shares so 5 = 5265 shares Premium received $0.30 x 5265 bought them […]