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Safely Generating Income in Retirement

Archive for September 3rd, 2011

Weekly NP Strategy – First Results

Posted by mounddweller on September 3, 2011

Fellow Traders,

Well our first week of selecting weekly NP trades has concluded.  Let’s take a look at how my choices faired.   You’ll recall my choices were:

(1) The $36 strike of BP Exploration (BP) which had closed the previous day at $38.19 closed OTM yesterday at $36.53

(2) The $26 strike of Research in Motion (RIMM) which had closed at $28.19 the previous day closed OTM yesterday at $30.12

(3) The $35 strike of Silver Wheaton (SLW) which had closed at $39.41 the previous day closed OTM yesterday at $40.71

(4) The $28 strike of Suncor Energy (SU) which had closed at $30.31 the previous day closed OTM yesterday at $30.41.

Hey, how about that!  4 for 4.  We’re off to a great start testing the possibilities of this Weekly NP Strategy.  Given the market’s performance Friday I suspect this next week may be a little more challenging.

Hope everyone is enjoying their Labor Day weekend.

Regards,

Troy

 

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Deep OTM NP Strategy – SEP Week 2

Posted by mounddweller on September 3, 2011

Fellow Traders,

After eliminating all of the stocks which have appeared on our lists previously this month we are left with a small and very uninteresting list of possible trades.

As you probably gathered from my opening statement I have nothing to recommend this week.  Given the sell-off on Friday and my expectation of more selling to come next week it is probably best that we keep our powder dry and wait for better opportunities to present themselves.

Regards,

Troy

 

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