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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Apr 26, 2013 1:02 PM Flag

    Third investment in the 200K insane returns short-term naked put-writing portfolio

    It's a familiar face - JCP. With the stock at $16.59, I was able to sell a total of 115 July 10-strike naked puts for $25 apiece. Net proceeds after commissions of $2,805. With cash margin requirements of $14,605, the nominal return for the 12.2 weeks to expiration is 19.2% which works out to be 81.8% annualized. This portfolio isn't called the insane returns portfolio for nothing.

    So far I have used up only 49K in margin availability; 151K in cash is still lying idle awaiting further investments.

    04/26/2013 11:21:45 Sold 29 JCP Jul 20 2013 10.0 Put @ 0.25 701.53
    04/26/2013 11:21:45 Sold 11 JCP Jul 20 2013 10.0 Put @ 0.25 268.75
    04/26/2013 11:21:45 Sold 2 JCP Jul 20 2013 10.0 Put @ 0.25 48.85
    04/26/2013 11:21:45 Sold 1 JCP Jul 20 2013 10.0 Put @ 0.25 24.42
    04/26/2013 11:21:45 Sold 7 JCP Jul 20 2013 10.0 Put @ 0.25 171.02
    04/26/2013 11:27:59 Sold 21 JCP Jul 20 2013 10.0 Put @ 0.25 513.07
    04/26/2013 11:27:59 Sold 1 JCP Jul 20 2013 10.0 Put @ 0.25 24.42
    04/26/2013 11:27:59 Sold 11 JCP Jul 20 2013 10.0 Put @ 0.25 261.75
    04/26/2013 11:37:22 Sold 32 JCP Jul 20 2013 10.0 Put @ 0.25 781.83

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    • This portfolio isn't called the insane returns portfolio for nothing.
      ==================
      you've been watching mad men again?!and dream you're a millionaire?LMAO.
      mr.penney indeed,LOL.

      Sentiment: Strong Sell

    • What are your losses on BIDU?

      • 1 Reply to detractor_04
      • As you saw yesterday in my weekly update, my PROFITS in BIDU from inception are $5,205 or 1.7%. That still beats both the stock performance and the S & P 500 performance. What I lost on Friday are most of the paper gains of 49K that I had at Thursday's close when such gains were 16% on a 9% rise in the stock from inception.

        But you would have to be crazy to even think that I could at this point be showing losses from inception? How can I possibly be down when the stock is essentially flat with where I got in but a month has gone by and the covered calls I am short have to be gains for me? Even you can't be stupid enough to really think that I have losses at this point. So why do you post such nonsense?

        In the fullness of time, I have never lost money on my franchise investments and BIDU figures to be the very best franchise investment.

 
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