The Money Tree

Safely Generating Income in Retirement

Archive for December, 2013

New Trades!

Posted by mounddweller on December 9, 2013

Fellow Traders,

OK you can pick yourselves up off the floor now.  I know it must be quite a shock to see that I’ve posted something two days in a row.

I executed three trades today so I thought I’d post them in near real time as opposed to just mentioning them in my month-end results.

Two of the 3 trades were suggestions from my good friend Teddi at www.fullyinformed.com.  The 3rd is TEVA which most readers will know I’ve been trading regularly since late April.

BLOG - New Trades 12092013

Regards,

Troy

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November 2013 Results

Posted by mounddweller on December 8, 2013

Fellow Traders,

Yes, I have been very negligent in updating my blog.  My results of late have not been anything to write home about and so I cut way back on my trading activity and am conversing regularly with my good friend Teddi over at www.fullyinformed.com to see how I might improve my results.

However, that being said I do want to take a moment to document the few trades I did close last month.  In November I closed 4 trades in 3 stocks, CSCO, TEVA, and YUM.

(1) CSCO – 11/13 BTC 3 NOV $22 puts at $0.09.  Netted a whopping $91.10 for a 1.38% ROIC with a 28 day holding period.

(2) TEVA – 11/13 BTC 3 NOV $37.50 puts at $0.03.  Netted $124.10 for a 1.10% ROIC with a 14 day holding period.

(3) YUM – closed NOV puts at the $62.50 and $65 strikes.  Net result was a small loss of $2.25.

My only recent new trade was a put ladder in CSCO.  I am now holding JAN, APR, and JUL puts at the $20, 19, and 18 strikes respectively.  The objective of this trade is to eventually own CSCO at a net cost per share of < $20.  I like CSCO’s long-term growth prospects and recent commitment to supporting a growing dividend.

Finally, before signing off I’ll tell you I’m thinking of revamping my site to include updates on my long-term holdings.  More on that later.

Regards,

Troy

 

 

 

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