I received a call today from 03 9077 1873 claiming to be from Financials Trading Online with a pitch exactly the same as HQ Brokers. I’m not sure if H Q Brokers have pivoted to a new name or a different scammer driving this call. It’s a different scammer from H Q Brokers. It was obviously […]
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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.
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 […]
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 […]
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.
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 […]
I need the cash for another investment and the sell price represents a 10% gain on entry price of $9.85 so I’m taking profits. I have a sell in for CSR @ 5.63 but I don’t think it will hit this 3% price target today. Don’t you hate it when plans change? CSR was a […]
I did have a sell order in for my remaining NCP @ 10.46 but I cancelled it. If I’m betting the market will consolidate over the next few days, then NCP should follow. I could sell as insurance but given how long I’ve gone on BHP it doesn’t really make sense. NCP spent most of […]