May Returns (current gains)
Long Investments:
ELDORADO GOLD CORP (EGO) 0.23 %
EL PASO CORP (EP) 1.31 %
NAVIOS MARITIME HOLDINGS IN (NM) 11.80 %
SEAGATE TECHNOLOGY (STX) 3.44 %
VECTOR GRP LTD (VGR) 1.0 % (dumped due to low option volume)
Short Investments (covered calls only):
EGOEA May $5: $2.00 per share itm
EPER May $17: $0.95 per share itm
NMEB May $10: $1.86 per share itm
STXED May $20: $0.32 per share otm
STXED May $17.50: $1.60 per share itm
Most of my covered calls have locked in my profits. Unless the stock decides to take a crap down to $0. With covered calls you're exposed to some downside risk, but that premium acts as a buffer/warning zone. However, if a stock takes off, then you miss out on potential gains.
Other Notes:
Oh shit. I guess I won't be banking after $11.86 on Navios Maritime. NM has a beta of 1.47 which indicates that the stock is 47% more volatile than the market. NM is slightly overbought.
EP: Haha, this one is a trap! Bound to fall soon. EP has support at 15.80 and resistance at 18.80. Not a bad company with 42k miles of natural gas pipelines...oh and isn't natural gas getting more expensive?
STX: Resistance at around 20, but the gains don't stick for long. Trading flat with low priced options. STX could be held for at least 3-12 months.
That's it for now.
Stay tuned for future updates.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment