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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Apr 16, 2013 3:02 PM Flag

    Updating the quarter-million-dollar all-LEAPS 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
    01/29 - 291,770 - (S & P 1,508)
    02/07 - 282,320 - (S & P 1,509)
    02/19 - 292,080 - (S & P 1,531)
    03/04 - 277,090 - (S & P 1,525)
    03/18 - 298,700 - (S & P 1,552)
    04/05 - 292,890 - (S & P 1,553)
    04/11 - 301,160 - (S & P 1,593), high valuation of 2013 to date
    04/12 - 298,760 - (S & P 1,589)


    Up 19.5% - 2013 portfolio gains to date
    Up 11.4% - 2013 S & P gains to date


    Current holdings:

    AIG 25-strikes for Jan. 2014 (40 contracts with stock at $40.13)
    AGNC 25-strikes for Jan. 2014 (40 contracts with stock at $32.65)
    C 23-strikes for Jan. 2014 (50 contracts with stock at $44.78)
    CSCO 13-strikes for Jan. 2014 (80 contracts with stock at $21.54). .
    PBR 15-strikes for Jan. 2014 (60 contracts with stock at $16.59). .
    PFE 20-strikes for Jan. 2014 (100 contracts with stock at $30.67). .
    HPQ 10-strikes for Jan. 2014 (100 contracts with stock at $20.90)
    INTC 15-strikes for Jan. 2014 (70 contracts with stock at $21.67)
    BBY 8-strikes for Jan. 2014 (100 contracts with stock at $24.09)
    F 8-strikes for Jan. 2014 (150 contracts with stock at $13.53)
    TEVA 30-strikes for Jan. 2014 (30 contracts with stock at $39.15)
    AAPL 350-strikes for Jan. 2014 (4 contracts with stock at $429.80)
    GLW 8-strikes for Jan. 2014 (150 contracts with stock at $13.30)
    BIDU 65-strikes for Jan. 2014 (20 contracts with stock at $90.62)
    BAC 7-strikes for Jan. 2014 (150 contracts with stock at $12.17)
    JCP 8-strikes for Jan. 2014 (100 contracts with stock at $14.62)
    JCP 5-strikes for Jan. 2015 (200 contracts with stock at $14.62)

    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.

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    • Despite the incredible safety, the 2013 return should be about FORTY percent 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 49K. Here are the asked prices of each investment now compared with just three months ago to show just how that 49K was earned:

      01) $4,600 earned on AIG (40 contracts at $27 now; was $142 on 12/31). $1,080 remains.
      02) $8,320 earned on AGNC (40 contracts at $65 now; was $273 on 12/31). $2,600 remains.
      03) $3,700 earned on C (50 contracts at $18 now; was $92 on 12/31). $900 remains.
      04) $2,320 earned on CSCO (80 contracts at $15 now; was $44 on 12/31). $1,200 remains.
      05) $600 LOSS on PBR (60 contracts at $118 now; was $108 on 12/31). $7,080 remains.
      06) $2,800 earned on PFE (50 contracts at $17 now; was $73 on 12/31). $850 remains
      07) $2,765 earned on new PFE investment (50 contracts - includes $35 in commissions). $850 remains.
      08) $7,000 earned on HPQ (100 contracts at $15 now; was $85 on 12/31). $1,500 remains.
      09) $2,660 earned on INTC (70 contracts at $26 now; was $64 on 12/31). $1,820 remains.
      10) $9,100 earned on BBY (100 contracts at $25 now; was $116 on 12/31). $2,500 remains.
      11) $3,000 earned on F (150 contracts at $11 now; was $31 on 12/31). $1,650 remains.
      12) $2,010 earned on TEVA (30 contracts at $46 now; was $113 on 12/31). $1,380 remains.
      13) $1,580 LOSS on new AAPL investment net of commissions. $6,700 remains.
      14) $2,685 earned on new GLW investment net of commissions. $1,650 remains.
      15) $1,160 earned on new BIDU investment net of commissions. $5,220 remains.
      16) $2,460 earned on new BAC investment net of commissions. $1,200 remains.
      17) $2,320 LOSS on new JCP investment net of commissions. $7,800 remains.
      18) $1,400 LOSS on JCP (200 contracts at $85; was $78 on 12/31). At least $8,500 remains to Jan. 2014.

      Those are truly stunning declines in option premiums.

 
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