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Pfizer Inc. Message Board

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  • fizrwinnr11 fizrwinnr11 Dec 26, 2012 11:21 AM Flag

    I earned 14.9% in 15 weeks while the underlying stock fell by 8%

    Here is a re-post of the original sale transaction on Sept. 11 which as usual was posted on this board in real time:

    09/11/2012 14:05:50 Sold 20 BIDU Mar 16 2013 65.0 Put @ 1.6 3,188.58

    Sentiment: Buy

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    • Here is a re-post of the original sale transaction on Sept. 11 which as usual was posted on this board in real time:

      09/11/2012 14:05:50 Sold 20 BIDU Mar 16 2013 65.0 Put @ 1.6 3,188.58

      _____________________________________________________

      NO, LYING PINOCCHIO (yes, a redundancy). here's EXACTLY when you posted that transaction (one week AFTER the fact, not "real time"):

      BIDU replaces GE in the non-bank naked put-writing portfolio
      by fizrwinnr11 . Sep 18, 2012 3:30 AM . Permalink
      On Sept. 11 with the stock at $109.44, I sold 20 contracts of the BIDU Mar. 65-strike naked puts for $160 apiece. The contracts fetched $3,190 after commissions with cash margin requirements at my brokerage being $16,240. If the stock can simply remain over the margin-safe price of $73.15, the return if held to March expiration will be a nominal 19.0% which is at the pace of 38.0% for a year. With an almost-certain early out, the annualized return should be about 45% on this investment. Keep in mind that the strike price here is just SIXTY-FIVE.

      09/11/2012 14:05:50 Sold 20 BIDU Mar 16 2013 65.0 Put @ 1.6 3,188.58

      • 1 Reply to pebble.ubetcha
      • On the rare occasions that I don't post a trade in real time, there's a very good reason for it. They include:

        1) Being out of town
        2) My computer is on the fritz
        3) I am preoccupied with a regional bridge tournament
        4) I am unable to access the message board

        I was not out of town on Sept. 11 and I haven't had any computer malfunctions lately. That leaves reasons #3 and #4. I can't remember the exact dates of the Irvine Regional but I do recall that it was in September and so that may have been the reason for the delay.

        Also, Yahoo changed its format several months ago and for a period of a week or two, it was almost impossible for me to access the message board. Only when I discovered the Google Chrome Browser was I able to post.

        But even though this may have been a rare instance where I couldn't post in real time, it was still posted when the issue of whether I'd make money or lose was very much in doubt. I'm not a phony like you who wants credit for winning trades AFTER the fact when the trades have been closed out. What I object to obviously with such posts is that I know I'm only going to see posts for winning trades. You may have six losers and that one winner and I'm certainly not going to see any of the six losers, am I? With me, I post ALL the trades when they are very much in doubt as to whether they will be winners or losers.

        Sentiment: Buy

 
PFE
34.53+0.37(+1.08%)Mar 27 4:02 PMEDT