The Money Tree

Safely Generating Income in Retirement

Archive for July, 2010

MYGN Update

Posted by mounddweller on July 17, 2010

All,

I have an update on my position in MYGN.  As you’ll recall MYGN came up on my VISIONS scan back in late March.  I executed a buy/write at around $24.68.  The APR $25 calls expired so I wrote the MAY $25 calls.  These also expired about the same time as the bottom fell out of the stock.  Since May it has fallen to as low as $14.29 before recoving back into $15+. 

It seems to me MYGN may have found a bottom.  Accordingly, I decided on Friday to sell 2 AUG $15 puts for $0.60.  If I have MYGN put to me at $15 at AUG expiration I will own 500 shares with a net cost basis of $19.96.  If my AUG puts expire OTM I will sell another round with a SEP expiration. 

Regards,

Troy

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Posted in Portfolio Updates | Tagged: , | 1 Comment »

New Scan – Potential Trades (7/11/2010)

Posted by mounddweller on July 11, 2010

I ran a VISIONS Scout scan this afternoon.  I was pleasantly surprised at the outcome.  As many of you are painfully aware quality stocks meeting Ron’s criteria for selling Covered Calls (CCs) and Naked Puts (NPs) have been few and far between of late.  My scan this afternoon produced a list of 61 stocks that made it to level 4 on the Scout search engine.  Of these 28 had a Gold$ of 80 or higher and 8 had a Gold$ of 100!  A screen print of the those with a Gold$ score >= 80 is presented below.

Two of the 8 with a perfect Gold$ of 100 peaked my interest.  They are EJ and SQM.  Both are foreign companies, EJ is a Chinese real estate company and SQM is a Chilean mining company.  Another Chinese company that caught my eye, GAME, has a Gold$ score of 98.  Last but not least, one of my recent favorites is back on the list and caught my eye.  Gamestop (GME) is well down the list with a Gold$ score of 88 but has a nice looking chart. 

Look at the stocks that caught my eye and the other stocks on the list.  Perhaps you’ll see something I didn’t.  Let me know what looks interesting to you.

Good trading…

Troy

Posted in Potential Trades | Tagged: , , , , , | 2 Comments »

What Others Are Trading – July 2010

Posted by mounddweller on July 8, 2010

Guys,

Sorry I’m so late in getting this set-up.  Been out of town on business and really busy.  Let’s here what you’re trading.

Regards,

Troy

Posted in Your Picks | 8 Comments »