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The Back Seat Capitalist

http://backseatcapitalist.blogspot.com

A Personal journey to wealth--what I've learned about Stocks, Bonds, Options, Futures, and other investment vehicles.

Added on: Aug 15th, 2008
Country: United States
Language: English

Author: Daniel
Listed in: Finance
Tags: Options finance investment stock wealth markets

Recent Posts

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Posted on Monday November 30th, 2009 at 08:29

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Long C Calls

Posted on Tuesday August 25th, 2009 at 08:57 in long calls

Long a small lot of Sept OTM C Calls. Looking for a pop up to the 200 DMA on a rally, and unload the calls....
CPSL Exploded

Posted on Monday May 4th, 2009 at 10:35 in covered calls, cpsl

The last few trading days, CPSL has absolutely exploded. It is up from around 1.50 to above 2.50. I didn't think I would see those levels this early in the year, but it's happened.I am short calls on my stock at 2.50 for June and September, so I ex...
More Covered Calls

Posted on Thursday April 2nd, 2009 at 16:40 in covered calls, cpsl

I wrote more covered calls on the remainder of my CPSL position. Half my position is short Sept. 2.5 calls, and the other half is June 2.5 calls, which I wrote today for a dime. Very overvalued, especially since CPSL has basically been trading in t...
CPSL - Covered (some) Calls

Posted on Tuesday March 31st, 2009 at 09:54 in covered calls, cpsl

After an amazing daily gain, CPSL wobbled. However, there was a buyer interested in purchasing some September 2.5 calls from me, so I sold him 10 very overpriced calls at .20 cents, when theoretical value was under .10. Fine with me, now, I am goin...
CPSL - Bullish?

Posted on Thursday March 26th, 2009 at 16:42 in covered calls, cpsl

Long time readers will know I am long CPSL--Chinese Precision Steel. Balance sheets look stable enough, but it is an extremely volatile stock. Which, translates in to premium for short positions, ie the covered call.CPSL established a minor uptrend...