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Bargain Basement Virtual Portfolio Review

By phil
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Up a 7% in 3 days is a very nice way to start a new virtual portfolio!

We may have gotten out of EDU and MRVL a little early but I like having cash into the weekend and we wanted to switch to the MRVL May $12.50s anyway so let’s see how things look today and think about pulling the trigger on those at $1.25.  I’m waiting for EDU to test the 200 dma at $61 but that’s another one we want to get back into at a higher strike.

As I metioned in the $10KP Review we’re going to pick up 10 BUD June $50s at $2,  Our other issue is SU and we’ll see how oil handles $90 but we certainly need to reposition these to pick up more premiums from our $80 caller.  The good news is the $90 calls are $4 so we’re likely to move up to 2x the March $90s with a less than full cover.

We still have no reason to cover Apple but I sure wish we had gone with Google instead!

Description Type Cost Basis Opened Sale Price Closed Days Gain/Loss $ %
AAPL
5 APR 08 135.00 AAPL CALL (APVDG) LO $ 6,085.00 1/23/2008 $ 7,250.00   2
$ 1,165.00 19.1 %
Total Gain/Loss for AAPL
$ 1,165.00 19.1 %
APOL
3 MAY 08 75.00 APOL CALL (OAQEO) LO $ 2,250.00 1/23/2008 $ 2,640.00   2
$ 390.00 17.3 %
7 MAY 08 75.00 APOL CALL (OAQEO) LO $ 5,260.00 1/23/2008 $ 6,160.00   2
$ 900.00 17.1 %
7 FEB 08 75.00 APOL CALL (OAQBO) SO $ 2,730.00 1/24/2008 $ 2,790.00   1
$ 60.00 2.2 %
Total Gain/Loss for APOL
$ 1,350.00 13.2 %
EDU
10 JUL 08 50.00 EDU CALL (EDUGJ) LO $ 11,210.00 1/23/2008 $ 15,990.00 1/24/2008 1
$ 4,780.00 42.6 %
Total Gain/Loss for EDU
$ 4,780.00 42.6 %
MRVL
20 MAY 08 10.00 MRVL CALL (ULJEB) LO $ 3,210.00 1/22/2008 $ 4,790.00 1/24/2008 2
$ 1,580.00 49.2 %
Total Gain/Loss for MRVL
$ 1,580.00 49.2 %
SU
5 MAR 08 90.00 SU CALL (SUCR) LO $ 2,585.00 1/22/2008 $ 3,050.00   3
$ 465.00 18.0 %
5 MAR 08 90.00 SU CALL (SUCR) LO $ 2,575.00 1/22/2008 $ 1,425.00 1/23/2008 1
$ -1,150.00 -44.7 %
5 FEB 08 85.00 SU CALL (SUBQ) SO $ 3,700.00 1/22/2008 $ 2,590.00   3
$ -1,110.00 -42.9 %
5 MAR 08 80.00 SU CALL (SUCP) LO $ 3,135.00 1/23/2008 $ 6,150.00   2
$ 3,015.00 96.2 %
5 FEB 08 80.00 SU CALL (SUBP) SO $ 5,600.00 1/23/2008 $ 2,740.00   2
$ -2,860.00 -104.4 %
Total Gain/Loss for SU
$ -1,640.00 -9.3 %
Total Gain/Loss
$ 7,235.00 15.0 %

 

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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