The purpose of this blog is to track 20 common stocks for a full year. The idea is to beat the S & P 500 like a mutual fund without the very high churn rate. These stocks will be held in a portfolio until next December 31.

Sunday, July 22, 2012

July option expirations

At the end of July option period the standings are

S&P 500 8.35%
Buy list  5.58%
Covered call list 8.02%

The notable stock on the list is DF which dropped from $17.25(high) to $12.13(Friday close). Concern about the drought in the midwest affecting feed prices for milk is the culprit, but Deutsche Bank gave a target price of $18.00. (Not that target estimates from the sell side means a damn thing). Eddie's simplest valuation method places the target price at $18.32.

The next post will cover August Covered call sales.

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