Update 8 June 2011: The twitter feed of all company announcements is now at @mktbot which has an RSS feed. See goosmurf’s comment below for a Yahoo Pipes piggy back. Update 31 July 2009: I may have a solution, stay tuned and comment below if you want this. Alternatively use my contact form. Update 2007: […]
Well BHP is certainly powering along. But I need the money quickly and the change from Hartley’s to my new broker Tricom is going slow. So even though I think it has some legs I want out.
I haven’t heard if this deal went through at the market close but I assume it did. I basically sell and buy back at the same price thereby chrystalising some losses on BHP for the end of financial year. The options trades have been profitable so the entire position wasn’t too bad until this week. […]
BHP Apr 9.73 Calls expired worthless today. I wouldn’t mind being exercise at $9.73 but it was not to be. Hartleys shutting down is a major pain as it makes trading difficult, plus I need to re-establish all the trading and margin accounts.
Well Hartleys is no more (unless you live in WA). Bummer really, as they were my full service broker and that’s how I did my options trading. I can move either with my broker to a new firm or go fully on-line and use Commsec. Full service brokers are good for after-market trades and occassional […]
I haven’t noted a few trading attempts that didn’t come off recently. Mainly because I was too busy to write something that didn’t happen. With hindsight I think that was slack — trades that don’t come off are still an attempt to trade. As BHP fell to $9.07 (1 April) I put a buy order […]
I can’t add! In the last article on option trading, I said my net premiums on BHP were $0.495. The numbers given add up to $0.595! Actually now that I’ve checked my trading statements the after commission premiums are $0.4593. I pulled out my written trading strategy ;). It told me to write 5 BHP […]
That represents $0.17 x 5265 to close out the position. As these are covered calls I own 5625 BHP against which I write these calls. Since doing this BHP has gone from $9.95 to close today at $8.93 so it’s fallen $1.02 (my average buy price was below $9.95). In the same time I’ve earned […]
I was reviewing my watchlist and realised CSR has been trading 6.40-6.60 recently. I sold out in November at 5.56. Trading doesn’t always win.
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.