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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Feb 2, 2013 11:47 AM Flag

    Updating the quarter-million-dollar, all-LEAPSl naked put-writing portfolio

    12/31/12 - 250,000 - (S & P 1,426) Beginning balance for the new year

    01/02 - 262,500 - (S & P 1,462), low valuation of 2013 to date
    01/25 - 290,980 - (S & P 1,503)
    01/29 - 291,770 - (S & P 1,508), high valuation of 2013 to date
    01/31 - 286,620 - (S & P 1,498)
    02/01 - 288,560 - (S & P 1,513)


    Up 15.4% - 2013 portfolio gains to date
    Up 06.1% - 2013 S & P gains to date


    Current holdings:

    AIG 25-strikes for Jan. 2014 (40 contracts with stock at $38.86)
    AGNC 25-strikes for Jan. 2014 (40 contracts with stock at $31.62)
    C 23-strikes for Jan. 2014 (50 contracts with stock at $43.02)
    CSCO 13-strikes for Jan. 2014 (80 contracts with stock at $20.83). .
    PBR 15-strikes for Jan. 2014 (60 contracts with stock at $18.67). .
    PFE 20-strikes for Jan. 2014 (100 contracts with stock at $27.63). .
    HPQ 10-strikes for Jan. 2014 (100 contracts with stock at $16.46)
    INTC 15-strikes for Jan. 2014 (70 contracts with stock at $21.35)
    BBY 8-strikes for Jan. 2014 (100 contracts with stock at $16.11)
    F 8-strikes for Jan. 2014 (150 contracts with stock at $13.02)
    TEVA 30-strikes for Jan. 2014 (30 contracts with stock at $37.75)
    AAPL 350-strikes for Jan. 2014 (4 contracts with stock at $453.62)
    GLW 8-strikes for Jan. 2014 (150 contracts with stock at $11.91)
    BIDU 65-strikes for Jan. 2014 (20 contracts with stock at $108.61)
    BAC 7-strikes for Jan. 2014 (150 contracts with stock at $11.71)
    JCP 8-strikes for Jan. 2014 (100 contracts with stock at $19.88)
    JCP 5-strikes for Jan. 2015 (200 contracts with stock at $19.88)

    Just look at how ostensibly safe these positions are. They all expire in over a year from inception and I will hold until at least the first week of January 2014 to avoid having to pay capital taxes on them in the year 2013 and to qualify for long-term capital gains when I do have to pay the taxes in 2014. Despite the incredible safety, the 2013 return should be between 35% and 40% unless the market really collapses. Of the 100K or so that I expect to earn from this portfolio which started the year out valued at 250K, I have already garnered 39K. Here are the asked prices of each investment now compared with just three weeks ago to show just how that 39K was earned:

    01) $3,920 earned on AIG (40 contracts at $44 now; was $142 on 12/31)
    02) $5,760 earned on AGNC (40 contracts at $129 now; was $273 on 12/31)
    03) $3,450 earned on C (50 contracts at $23 now; was $92 on 12/31)
    04) $1,920 earned on CSCO (80 contracts at $20 now; was $44 on 12/31)
    05) $1,080 earned on PBR (60 contracts at $90 now; was $108 on 12/31)
    06) $2,150 earned on PFE (50 contracts at $30 now; was $73 on 12/31)
    07) $2,115 earned on new PFE investment (50 contracts - includes $35 in commissions)
    08) $4,300 earned on HPQ (100 contracts at $42 now; was $85 on 12/31)
    09) $1,890 earned on INTC ($70 contracts at $37 now; was $64 on 12/31)
    10) $5,100 earned on BBY (100 contracts at $65 now; was $116 on 12/31)
    11) $2,100 earned on F (150 contracts at $17 now; was $31 on 12/31)
    12) $1,380 earned on TEVA (30 contracts at $67 now; was $113 on 12/31)
    13) $80 earned on new AAPL investment net of commissions
    14) $1,035 earned on new GLW investment net of commissions
    15) $2,540 earned on new BIDU investment net of commissions
    16) $1,260 earned on new BAC investment net of commissions
    17) $920 LOSS on new JCP investment net of commissions
    18) $600 LOSS on JCP (200 contracts at $81; was $78 on 12/31)

    Those are truly stunning declines in option premiums in just four weeks. However, decline in the VIX fear factor index since year-end has been from about 23 to 14.

    I consider myself to be one of the foremost masters in the nation in this kind of investing and I'm about the only one who publishes this stuff and who tries to teach it. In non-crash markets, my performance is second to none. Last year my portfolios registered a 42% gain while the year before in a flat market, I earned a stupendous 58%.

    Sentiment: Hold

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