S and P 500 9.68%
Buy List 6.72%
Covered Call list 8.25%
Raven Split 2 for 1 last week.
Tuesday, July 31, 2012
Sunday, July 22, 2012
August option sale
July option struck AFL and KKR. (Captial Gain $33,819)
August options bought back AFL at 43.28
August Covered call sales $56,074..
Covered call portfolio 8.15%
August options bought back AFL at 43.28
August Covered call sales $56,074..
Covered call portfolio 8.15%
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.
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.
Tuesday, July 17, 2012
Yahoo hires a rock star...
http://www.sfgate.com/news/article/Marissa-Mayer-s-challenge-as-Yahoo-CEO-3710910.php#photo-320223
Marissa Mayer was hired away from Google to be CEO of Yahoo. This will be Yahoo's 7th CEO in 5 years. I think the most common comment around water coolers will not be Yahoo made a great choice, but that she sure is cute. I do not think that will translate to a better product for Yahoo.
Marissa Mayer was hired away from Google to be CEO of Yahoo. This will be Yahoo's 7th CEO in 5 years. I think the most common comment around water coolers will not be Yahoo made a great choice, but that she sure is cute. I do not think that will translate to a better product for Yahoo.
Monday, July 16, 2012
The new 1% Club
http://sacramento.cbslocal.com/2012/07/16/largest-public-pension-fund-earns-dismal-1-percent/
CalPERS manages the retirement fund for State of California public employees. For the last fiscal year which ended on June 30th, they provided an all around return of 1%. (S and P 500 was about 3.5% for that period.)
CalPERS manages the retirement fund for State of California public employees. For the last fiscal year which ended on June 30th, they provided an all around return of 1%. (S and P 500 was about 3.5% for that period.)
Sunday, July 1, 2012
Half Way Home
The year is half over....
S and P 500 8.31%
Buylist 7.97%
Covered Call account 7.72%
Also UVXY is down to 9.81
S and P 500 8.31%
Buylist 7.97%
Covered Call account 7.72%
Also UVXY is down to 9.81
Thursday, June 28, 2012
Toot your own horn when you can....
On May 18th I wrote. (Referring to JPMorgan.)
" I think the trading losses will spread to $5B."
Today this story is released...http://www.ft.com/cms/s/0/fc973b58-c129-11e1-8179-00144feabdc0.html#axzz1z7GUt1Vj
"JPMorgan Chase is expected to announce losses of about $5bn related to trades by the so-called London whale at its second-quarter earnings presentation in two weeks."
There should be no mistaking what was originally called a hedge as a proprietary trade.
A hedge is designed to protect against losses not increase them. Hedges are sunk costs designed to mitigate risk. The cost is known. There are hedges that increase opportunity costs, but that is not the same thing as loss.
x
" I think the trading losses will spread to $5B."
Today this story is released...http://www.ft.com/cms/s/0/fc973b58-c129-11e1-8179-00144feabdc0.html#axzz1z7GUt1Vj
"JPMorgan Chase is expected to announce losses of about $5bn related to trades by the so-called London whale at its second-quarter earnings presentation in two weeks."
There should be no mistaking what was originally called a hedge as a proprietary trade.
A hedge is designed to protect against losses not increase them. Hedges are sunk costs designed to mitigate risk. The cost is known. There are hedges that increase opportunity costs, but that is not the same thing as loss.
x
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