All Stocks Sold or Covered with Calls: DOX, GM, MRO, CAT, MOT

I am caught up once again.  I dealt with all of my problem children within the first hour of trading this morning. 

  • I sold all of my DOX shares at 32.47.  I won’t be surprised if it rebounds, but it was below where the chart said it should be and the premiums weren’t worth working it deeper.
  • I sold all of my GM shares.  I learned a lesson with this trade.  I didn’t like the stock when I first sold naked puts on it, but thought it would climb.  When it did climb I should have treated it as a trade and dumped for a shorter-term profit.  That ended up being a $1500+ mistake from what could’ve been to what was.
  • I covered my MRO shares with two calls out of the money.  When MRO was trading at 56.55 I sold two January 57.50 calls (MROAY) and received $748.50.  This brings me back to a paper profit, again.
  • I covered my CAT shares out of the money.  When CAT was trading at 68.85 I sold one January 70 call (CATAN) and received $314.25 after commissions.
  • I covered my MOT shares in the money.  When MOT was trading at 16.39 I sold five January 16 calls (MOTAQ) and received $511.12 after commissions.

I kept the three stocks that I wrote calls on because I don’t mind owning the shares still at these reduced prices when I can continue to write calls for good premiums.  From a previous lesson learned I cut my losses on stocks I didn’t like and didn’t try to chase them down with new calls when technical support had broken.  As a new lesson learned, I should have entered limit orders on some of these stocks to sell calls sooner than today to try to get better premiumes once I knew they’d be assigned.

My current holdings are listed below as I’m back to the positive side in cash in my account, including the $40k in a money market.

 



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DISCLAIMER: While I am a Registered Investment Advisor Representative, the information contained within this site does not constitue personalized investment advice. This material is meant as entertainment and is only a view into how I invest my own account, but not necessarily how you should invest your own funds. Trade using your own research at your own risk. This is impersonal investment advice which means the material written here, in email exchanges, on Twitter and/or other social networking sites do not purport to meet the objectives or needs of specific individuals or accounts.



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